Presentation is loading. Please wait.

Presentation is loading. Please wait.

WEX Fleet One.

Similar presentations


Presentation on theme: "WEX Fleet One."— Presentation transcript:

1 WEX Fleet One

2 Who is WEX, Inc? A leading global provider of payment processing and information management services to commercial and public sector clients. In business for more than 29 years Public company (NYSE: WEX) Providing precise financial and information management solutions - 2nd largest issuer of commercial credit cards in the U.S. 7th largest issuer of MasterCard, $8.5B total MasterCard spend Servicing over 350,000 customers - Over 7.6 million fleet cards issued 150+ strategic relationships - Fuel retailers, fleet management companies, auto manufacturers and more 3

3 WEX Fleet One Snapshot Provider of fuel cards and management information services to vehicle fleet operators. Card portfolio of more than 200,000 cards across 32,000 fleets, accepted at over 67,000 locations Processed over 1.3 billion gallons, representing $5.1 billion of fuel spending Headquartered in Nashville, TN with approximately 300 employees 4

4 WEX Fleet One Corporate Timeline
2013: Company rebranded to WEX Fleet One 2012: Company is purchased by WEX, Inc. : Developed a national footprint, with a merchant network spanning the United States 2008: Company is purchased from SunTrust. Transaction led by LLR Partners, FTV Capital and management Early 2000s: New management, company re-branding, new pricing 1999: Company purchases Fleet One from Mapco Convenience stores 1988: Company is founded. Targets small, Over-The-Road fleets 2012 Acquired by WEX, Inc. 2008 SunTrust Buyout Early 2000’s Company re-positioning 1999 Purchases Fleet One 1988 Enters OTR market 2

5 Fleet Products and Services
6

6 WEX Fleet One OTR fuel card
A powerful advantage for your business. For businesses traveling primarily long-haul, the OTR fuel card will give you: Control. YOU decide who uses your cards, what they can buy, how much they can spend, and where they can spend. You’ll also reduce fraud, lost/stolen cash and unauthorized purchases. Convenience. Comprehensive online reporting, and daily billing + 7 day terms. We also provide flexible payment options, including ACH, Internet Pay, and Western Union. Savings. No transaction fees at over 7,200 locations nationwide for fuel and maintenance. Plus, you’ll earn every day rebates within the WEX Fleet One network. 8

7 WEX Fleet One All Roads fuel card
One Card. All Roads. For businesses with blended fleets, fueling at truck stops or convenience stores, the All Roads card provides: Convenience. Broad acceptance at both truck stops and convenience stores and on-demand access to cash and check product services. Control. You decide who uses your cards, what they can buy, how much they can spend, and where they can spend. You’ll also reduce fraud, lost/stolen cash and unauthorized purchases. Savings. No transaction fees at in network sites, and CASH price guarantee at truck stops. The All Roads card also reduces fraud, lost/stolen cash and unauthorized purchases. 10

8 WEX Fleet One Factoring
A custom accounts receivable financing program designed exclusively for transportation industry businesses. Accelerated Cash Flow We purchase the invoices/freight bills Fleet receives money within 24 hours of the purchase Powerful Real-Time Reporting Daily reports on funded invoices Weekly and monthly reports Online access to account Fuel Card Funding Apply funds to WEX Fleet One OTR fuel card account Flexibility Improved cash flow means extending credit terms to more accounts Peace Of Mind WEX Fleet One assumes the risk for the receivables Customers are assured of getting paid on time 11

9 WEX Fuel Management WEX Fuel Management is a single source solution for managing all bulk and retail fuel needs. It is the nation’s leading solution for fuel wholesalers, retailers, bulk carriers, private site fleet operators and those buying fuel on the road. Retail Fuel Solutions Provides fuel studies, compliance reports & quarterly market updates Managing all your fuel needs while you increase your profitability Bulk Fuel Solutions Manage inventory & jump on spot buys Review and validate deliveries, virtually eliminating supplier errors WEX TelaPoint Cloud-based software to manage and control all bulk fuel inventory Adapts to market changes giving you a faster cash flow and better bottom line 12

10 Cash Services WEX Fleet One provides you with a variety of ways to obtain the cash you and your drivers need. PlusChek® Services Works like cash and can be used anywhere traditional checks are accepted PlusCheks aren’t “live” until you activate them and can only be used for the exact amount you authorize ATM/Debit Service Use WEX Fleet One OTR cards to access cash at any PLUS® Network ATM or Interlink® debit site Cash Advance Withdraw cash at truck stops Dispatch funds to a card and authorize for withdrawal at any participating truck stop (fuel purchase not required) 13

11 Permits WEX Fleet One Permit Services allows you to use your WEX Fleet One account to purchase the necessary temporary permits your drivers need. Flexible Fuel Permits, Trip Permits, Oversize/Overweight Permits Apply online or call toll-free Affordable Pay only for the permits you need Avoid fines and save money A Compliance Tool Stay in compliance when it comes to fuel, trip and oversize/overweight permits from state to state World-Class Service Count on prompt responses to permit requests Supported by customer care 24/7/365 14

12 WEX Fleet Telematics WEX Fleet Telematics is an easy-to-use fleet vehicle tracking solution that helps you to monitor fuel use and driver behavior – anytime, anywhere. With our vehicle and location monitoring and diagnostics, you’ll: Reduce fuel consumption and save immediately after installing Lower your maintenance costs Increase driver productivity Detect and address unsafe or illegal driver behavior Eliminate unauthorized vehicle use and help to prevent vehicle theft Fleet services that travel with you: Stay in touch from your office, home computer, or mobile devices Manage fleet fueling using these essential tools: Fuel Guard Reports and Alerts – lets you see card misuse when it happens Fuel Card Transaction Integration – provides you with simultaneous vehicle location, idling, speeding and fueling Garmin GPS Integration – lets you assign and ping new jobs to your drivers 15

13 Customer Experience To ensure complete customer satisfaction and provide the maximum benefit to our customers, WEX Fleet One has at least 3 levels of service our fleets need: Customer Service Available 24 hours a day, 7 days a week for immediate resolution Account Management Certain accounts are assigned an Account Manager to address escalated customer and technical issues Regional & National Account Executive RAE’s and one NAE are located throughout the U.S. to address issues in person 17

14 Online Account Management
Online Account Management – a free, easy-to-use web-based tool to manage your fleet accounts. Access your account securely and enjoy the benefits of: “Real time” purchase and payment control – Identify, control and monitor all purchases online Card maintenance and changes – Assign driver and unit information, add units and drivers, and turn cards on or off One-time overrides – Add funds to a bucket on the card -- a one-time change or override of an otherwise permanent amount Release a card from a limited network – Temporarily override the limited network for certain transactions View account information - View billing history reports, outstanding invoices, credit lines, balance and payments received Merchant information – Check on transactions with a particular merchant and see which locations have the lowest fuel prices by state 18

15 Sample Fuel Card Report
123456 Page 1 Sample Enterprise Report # ATTN: John Doe Report Date: 06/30/2014 1234 Main Street Metropolis, NY Transaction Activity Report Sample Enterprise Card Transactions Date Card #/ PO#/ Driver#/ Store#/ Store/ Gal/Qty/ Per Unit/ Gross Prod Adj Amount Fee Prog Time Mileage Trip# Driver Name Inv# City, ST Pord Descr w/Adj Total Due Code Unit: 002 10/14/2013 0001 001 123321 Truck Stop #012 3.624 507.36 12:01 PM Jack 1234 New York, NY Dsl LS 2 22.207 80.48 Reefer LS Unit: 003 0002 FLEETONE 123 321123 Truck Stop #321 3.999 536.36 6:25 PM 3 Jane 4321 Atlanta, GA 11.34 45.35 - Sample Enterprise Daily Totals 19

16 …plus thousands of independent truck stops.
Merchant Highlights …plus thousands of independent truck stops. 20

17 OTR Distribution Rebate Locations = 1,900+ offering average of 2¢ gallon Total WEX Fleet One OTR Acceptance Locations = 7,200+ 21

18 Customer Spotlight OTR fuel card Partner’s Software Interface WEX Fleet Card WEX Fuel Management 22

19 Customer Testimonials
What our customers are saying about WEX Fleet One! Richard Clapp, from Richard Clapp Trucking says “I am very pleased with the way the whole system works. I use mostly the fuel card, but occasionally use the PlusCheks for paying lumper fees and it works well.” Tonya Keppler, from TLV Logistics LLC says “WEX Fleet One is the most efficient, cost-saving way we've found to keep our trucks fueled. Always great service at good rates and reasonable terms; your competitors don't come close!” Terry Thompson, from Running Rabbit Farms says “Using WEX Fleet One service has been a great deal for my company. I can see what my drivers are using each day and that helps me to plan what I need and when.” 23

20 Competitive Landscape
24

21 Competitive Product Comparison
Basic Feature / Functionality   Card Product with Trendar Level III  Check product for drivers  Cash Advance for drivers  ATM cash access from card Customer Service mid-large market Online account management  Online bill payment X Acceptance 6,800+ 9,000 6,600 6,000 10,000 Maintenance/Tire service Offering/Pricing Consistent Pricing For All Fleets Fluctuates By Fleet Fuel Card Transaction Fee $0.00 $.50-$3.00 $ $1.50 $.90  Check Trans. Fee $3.00 Variable  Emergency Road Service Legend:  - full feature set  - partial offering X - no offering 25

22 A Look Ahead… Questions? Conclusion Next Steps 33


Download ppt "WEX Fleet One."

Similar presentations


Ads by Google