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WEX, Payment Logic to implement robotic process automation

Wednesday 10 October 2018 10:46 CET | News

US-based corporate payment solutions provider WEX has teamed with fintech Payment Logic to automate car registration renewal for businesses in Australia.

Payment Logic has developed a Robotic Process Automation (RPA) solution that, when coupled with WEX virtual payments, enables the automation and payment of the car registration renewal process for fleets of vehicles. This solution takes a file of car registrations and, in an automated fashion, inserts a virtual card payment and enters the registration renewal without any manual input by the fleet owner, manager or administrator.

Payment Logic officials have stated that the RPA will enable Fleet Management Organisations to automate payments to their respective State or Territory vehicle registration authorities, and will significantly improve their car registration renewal process.

The 2018 ACA Research Corporate Fleet Insights Report estimates that, in Australia, there are 19,000 businesses operating fleets with 20 or more vehicles, with a total of 2,162,000 vehicles. WEX Management estimates that within a Fleet Leasing Company, the end-to-end car registration renewal process can take up to 12 minutes each time, or more than 430,000 hours per year across the fleet segment noted.

 


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Keywords: WEX, Payment Logic, robotic process automation, accounts payable automation, payments, car registration renewal, virtual card payment,
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Countries: World