WEX is lending its B2B payments capabilities to the enterprise software services of Apptricity.
An announcement by the companies Thursday (July 26) revealed news that Apptricity is integrating WEX’s corporate payment solutions into its own offering of automated supply chain, travel and expense (T&E) and spend management solutions.
“We are enthusiastic that this new partnership will enable us to offer our customers game-changing functionality that streamlines every aspect of business travel with an increased ROI,” said Apptricity CEO Tim Garcia in a statement. “It’s one more way we demonstrate our continued commitment to helping customers improve their business processes with simplified, automated and integrated solutions.”
The companies highlighted fleet managers looking for greater control over fuel costs and monthly employee reimbursements as two potential areas impacted by the tie-up. WEX will link its corporate card capabilities into Apptricity’s existing travel and expense (T&E) management offering to manage employee spend on company cards and support enhanced spend management via analytics of financial data.
“We are excited about the new relationship with Apptricity and the ability to deliver new opportunities for its customers to gain greater control, process efficiency and cost savings throughout the procure-to-pay process,” said WEX Vice President of Corporate Payments Bob Sneed in another statement. “Our solutions deliver real-time management over travel, purchasing and accounts payable processing, further optimizing the payables process.”
Linking with Apptricity follows just weeks after WEX launched a separate partnership with GasBuddy, a mobile app to help users find lower gas prices, an addition to WEX’s consumer-facing services.
Earlier this year, WEX also teamed up with Crawler2api, which sees the API company integrating WEX corporate payment capabilities within its platform that offers businesses access to custom, real-time APIs for easier data access.