WEX has announced that it has partnered with Sydney-based supply chain technology provider and financier Octet. The supply chain management and financing platform enables Australian small- and medium-sized businesses to manage and pay local and international suppliers. The platform uses enterprise-grade tools to enable its customers to track, validate and authorise each step of the supply chain. This provides Octet’s customers with full visibility of all supporting documentation and the ability to facilitate payments through multiple methods.
Through the partnership, Octet’s customers will benefit from WEX’s virtual credit cards to pay their suppliers. The full benefits of using WEX’s payments solutions for Octet’s customers include:
- Improved cash flows
- No currency conversion fee for cross-border transactions
- Ability to pay any domestic and overseas suppliers in their preferred currency with a secure 16-digit virtual credit number