WEX Europe has entered into an international agreement with Voxel Group. The combination of the WEX and Voxel solutions accelerates the delivery and receipt of hotel invoices by automatically sending these at the relevant point in business-as-usual processes (e.g., at customer check out).
The long-term relationship established by the agreement is based on the integration of WEX’s Virtual Payments Solution into the Voxel-owned baVel electronic billing platform that communicates directly with hotel property management systems. baVel’s world leading position in the provision of electronic invoices and WEX’s unique and world leading portfolio of Virtual Credit, Debit and Prepaid corporate payment solutions are utilised by a wide variety of travel companies, such as tour operators, online travel agents and travel management companies. This enhanced process enables automatic validation of invoices and payments to be processed in real time allowing travel companies to improve the profitability of hotel relationships.
The combined WEX Europe and Voxel service offering enables travel and hospitality businesses to:
Trigger early and prompt receipt of hotel and supplier invoices
Capture relevant value-added tax (VAT), local tax and detailed service information to help streamline invoice approval
Pay global suppliers securely and without any additional fees
Automate payment reconciliation directly impacting profitability
In addition to announcing the agreement, WEX Europe and Voxel will be launching the proposition at Fitur, the International Tourism Trade Fair, in Madrid commencing on January 28, and further showcasing the combined solution at the Travel Technology Europe Show and the Business Travel Show, which are commencing on February 25 in London.
Voxel Group is a provider of electronic billing solutions in the travel industry, with presence in 100+ countries and a trading partner network of over 400 travel companies (i.e. OTAs, TMCs, tour operators, travel agents and incoming agents) and more than 40.000 hotels.
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