VIRTUAL PAYMENTS IN DRIVING COST SAVINGS BOOST EFFICIENCY AND GENERATE NEW REVENUE We’ve simplified the application of electronic payments for complex transactions with a seamless interface into your existing A/P system. No upfront installation costs or ongoing hosting fees Here’s how you benefit: WEX VIRTUAL BENEFITS • Meaningful cost savings • Improved cash flow • New revenue channel • Reduced risk of fraud • Increased efficiency and smoother operations • Simplify invoice and provider reconciliation with enhanced data capture and reporting • Reduce / eliminate bank fees • Earn revenue share on payments processed • Add business rules to maximise control • Reduce fraud risk and disputes • Protection from supplier dispute or default • Reduce Accounts Payable overheads • Scalable solution • Global acceptance ABOUT WEX • $31+ billion in annual commercial payments; 350,000 business customers • Top ten largest issuer of Mastercard purchasing solutions • 40%+ ePayment portfolio growth • Pioneered single-use payments technology • Focus on B2B payments HOW IT WORKS No need for special software installation or licenses. Our solution passes information between your operational software and our payment system to create single-use, virtual accounts for payment. We support multiple virtual payment types and offer a range of features that address even the most complex payment scenarios. STREAMLINE PAYMENT PROCESS AND LOWER ADMINISTRATION COSTS: Typical EFT& Cheque Process (total settlement time - 6 WEEKS ) Invoice Payment Invoice Settlement Timeline To find out more, email [email protected] WEX Virtual Payment Process (total settlement time 1 DAY) Invoice Payment 1 day Invoice Settlement Timeline WEX VIRTUAL PAYMENTS TURN PAYMENTS INTO PROFITS WITH A VIRTUAL PROGRAM WHY USE VIRTUAL PAYMENTS? WEX Virtual Payments: OUR SERVICE PHILOSOPHY Count on WEX to deliver the precise, custom solution • Allow you to improve working capital and days paid outstanding • Provide revenue share as a percent of payments • Improve your A/P team’s eﬃciency and increase controls most traditional banks can’t handle. A virtual payment program is only as good as its implementation. WEX will take the lead in implementing your virtual payment strategy, following a precise, rigorous process. You'll experience award-winning support that goes beyond your expectations: • Include no installation costs or ongoing hosting costs • Do not require changes to existing accounting process and software • Knowledgeable Relationship Manager • Dedicated Account Manager • Fraud team that diligently monitors your account for unsual activity or potential abuse • Best practice advisory WEX Australia ABN 68 005 970 570 Level 3, 293 Camberwell Road | Camber well, VIC 3124 +61 (03) 9274 9100 phone | +61 (03) 9274 9130 fax www.wexaustralia.com