LONG BEACH, Calif.,
Aug. 8, 2017 /PRNewswire/
-- ACOM Solutions is pleased to announce a new strategic
partnership with WEX Inc. (NYSE: WEX). ACOM and WEX will
collaborate on an offering to provide business clients with a
complete buyer/supplier integrated payables solution on a
cloud-based platform. ACOM specializes in providing
state-of-the-art payment technology solutions for business users
and WEX is a leading global provider of innovative
business-to-business electronic payment solutions.
WEX has created a highly efficient process for companies to
optimize, manage, execute and reconcile their AP
disbursements, regardless of payment type. The addition
of ACOM's integrated cloud-based, bank-agnostic payment platform
will allow clients to send and receive settlement data from
their ERP and financial applications easily and efficiently.
WEX clients will benefit from the simplicity and
security of the user-friendly application designed to support
current and future payment methods ranging from virtual accounts,
discounted EFT and ACH to global payment networks, crypto
currencies and checks through a single platform. Suppliers will
receive timely settlement information focused on simplified payment
application.
"Our collaboration with WEX leverages the expertise of a major
electronic payments innovator with our ePayables platform, adding
the capabilities to process and manage the full range of
disbursement options available to any business," said Patrick McMahon, ACOM Solutions CEO and
President. "Smarter technology in payables processing is at
the forefront of today's business, and this important FINTECH
innovation will add real-time control to manage, modify and launch
any invoice payment transaction from one secure cloud-based
portal," McMahon added.
"WEX is excited to offer added value to our clients through this
strategic partnership and licensing agreement with ACOM," commented
Bob Sneed, VP of Corporate Payment
Solutions for WEX "Financial executives have been asking for
solutions that enable them to take a more strategic and disciplined
approach to payment optimization. Our clients and business
partners will achieve bottom-line savings by streamlining
supplier enablement, transitioning to electronic payments,
capturing greater discounts and managing working capital. Our
relationship, and the development work we do together, will define
a new standard of excellence for outsourced B2B payments through
higher technology, trust, transparency and execution," Sneed
added.
About ACOM Solutions
For 34 years and over 4,000 clients globally, ACOM connects
people, processes and information with solutions that transform
their paper-intensive financial processes to "paperless" with
integrated Accounts Payable and Payment Automation.
ACOM's ePayables platform manages the multiple ways of paying
vendors—via checks, cards, ACH, wire transfers and more—through its
Intelligent Payment Hub. This eliminates an
organization's entire cost and headache of
paying supplier invoices via one simple and automated
solution. Complete with managing the transition of vendors to
ePayments, the service immediately takes the burden of paying an
organization's B2B vendors, making the process 100% paperless for
that organization from the first day of implementation.
About WEX Inc.
WEX Inc. (NYSE: WEX) is a leading provider of corporate payment
solutions. From its roots in fleet card payments beginning in 1983,
WEX has expanded the scope of its business into a multi-channel
provider of corporate payment solutions representing approximately
10 million vehicles and offering exceptional payment security and
control across a wide spectrum of business sectors. WEX serves a
global set of customers and partners through its operations around
the world, with offices in the United
States, Australia,
New Zealand, Brazil, the United
Kingdom, Italy,
France, Germany, Norway and Singapore. WEX and its subsidiaries employ
more than 2,700 associates. The company has been publicly traded
since 2005, and is listed on the New York Stock Exchange under the
ticker symbol "WEX." For more information, visit
www.wexpayables.com or www.wexinc.com and follow WEX on Twitter at
@WEXIncNews.
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SOURCE ACOM Solutions, Inc.