STOCK TITAN

 WEX Continues to Bring Value to Sourcewell Members

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

WEX (NYSE: WEX), a leading financial technology service provider, has been awarded a multi-year contract renewal with Sourcewell, an agency that serves the education, nonprofit and government sectors by giving their clients access to competitively solicited cooperative contracts.

“This agreement will continue to deliver value for our participating agencies,” says Kelly McAllister, supplier development supervisor for Sourcewell. “This is our third consecutive contract with WEX, providing our clients the benefit of accessing their industry-leading technology.”

The agreement allows all Sourcewell users to participate in the contract, which supplies fuel cards for municipal fleets as well as WEX Telematics premium GPS tracking. Since Sourcewell has already fulfilled the RFP process, participating agencies can access the contract without the difficulty of going through their own RFP process. Sourcewell has more than 50,000 registered users throughout North America. Participation is free for qualified government, education and nonprofit entities.

“Our experience in the government sector really allows us to focus our technology on the unique needs of these fleets. We are proud to earn another contract with Sourcewell to help our public agency customers save time and money and run their fleets more efficiently,” says Bernie Kavanagh, senior vice president and general manager, large fleet at WEX.

To purchase off this contract or for questions regarding products and pricing, please log on to www.sourcewell-mn.gov/cooperative-purchasing/080620-wex.

About WEX

Powered by the belief that complex payment systems can be made simple, WEX (NYSE: WEX) is a leading financial technology service provider across a wide spectrum of sectors, including fleet, travel and healthcare. WEX operates in more than 10 countries and in more than 20 currencies through more than 5,200 associates around the world. WEX fleet cards offer 15.8 million vehicles exceptional payment security and control; purchase volume in travel and corporate solutions was $20.9 billion in 2020; and the WEX Health financial technology platform helps 408,000 employers and 33.1 million consumers better manage healthcare expenses. For more information, visit www.wexinc.com.

About Sourcewell

Sourcewell has over 40 years of dedicated service helping government, education, and nonprofit agencies operate more efficiently through a variety of solutions, including cooperative purchasing, with more than 400 suppliers already on contract.

WEX Inc.

NYSE:WEX

WEX Rankings

WEX Latest News

WEX Stock Data

8.31B
39.33M
0.55%
102.58%
2.02%
Data Processing, Hosting, and Related Services
Information
Link
United States of America
PORTLAND

About WEX

wex inc. (nyse: wex) is a leading global provider of corporate payment solutions that enable its customers to manage their businesses more efficiently, with enhanced security and greater control over their costs. from its roots in fleet card payments beginning in 1983, wex has expanded its scope to become a multi-channel provider of corporate payment solutions with millions of cardholders across several growing market sectors including travel, health care and employee benefits. our focus is on providing exceptional payment security and control for a vast spectrum of payment sectors while delivering an exceptional experience so that our customers – whether large or small – can operate efficiently, securely and profitably. the company has operations in north and south america, europe, australia, new zealand, and asia, and employs more than 2,000 associates. for more information about wex, please visit www.wexinc.com.