Businesses can now enhance their purchase-to-pay (P2P) process and optimize working capital management with the introduction of a new automated invoice payment solution, offering real-time electronic payments. This innovative solution provides buyers with convenient access to early payment funding while ensuring suppliers receive faster and more certain payouts.
The automation involved in this solution eliminates unnecessary manual steps, providing businesses with more flexible payment options. Consequently, companies can streamline their financial operations, reduce instances of late payments, and optimize working capital management.
WEX was established in 1983 and has since grown into a multi-channel provider of corporate payment solutions, serving over 9 million vehicles globally and offering security and control across various industries. With offices located in the United States, Australia, New Zealand, Brazil, the UK, Italy, France, Germany, Norway, and Singapore, WEX operates internationally with more than 2,000 employees and has been a publicly traded company since 2005.
In recent news, Basware has entered into an agreement with GKN Driveline North America to deliver accounts payable and e-invoicing services. This marks the addition of a new customer in the United States for Basware.
For more detailed information on Basware, refer to its profile in our industry-specific online companies database.
