B2B Payments

WEX Brings Warranty Partnership To Europe

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Corporate payments company WEX is broadening its existing partnership with warranty management software company PCMI Corporation.

The companies announced Thursday (May 11) that they are expanding their collaboration from the U.S. and into Europe. WEX integrates its single-use electronic claims payment technology into PCMI’s system to streamline accounts payable operations for warranty firms and enable greater control over the claims payment process.

“We are excited to grow our partnership with PCMI into Europe,” said WEX Europe Commercial Director, Virtual Payments Ian Johnson in a statement. “At WEX, we are always looking for growth opportunities and ways to expand our business offerings so that we can provide customers with effective and innovative solutions.”

“Following success in North America, the European warranties industry is a key area of focus for WEX and we are pleased to have the opportunity to work with … PCMI,” he added.

“We are passionate about supporting our customers’ growth by offering innovative technology and software solutions,” added PCMI President and CEO Mark Nagelvoort. “The integration with WEX allows us to provide a full-service claims solution to our customers in Europe.”

PCMI’s warranty management solutions are offered to companies in the automotive, home warranty and consumer warranty spaces.

Last month. WEX announced the launch of its fleet analytics and benchmarking platform, ClearView Advanced.

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