Corporate payment solutions provider WEX has partnered with Australia-based Troovo Technologies to enable robotic automation of its virtual cards generation in the Asia Pacific region.
As part of the latest partnership, Troovo will enable WEX customers to streamline virtual payments with no additional costs, development effort, or alterations to existing workflows.
Troovo’s Robotic Process Automation (RPA) solutions are designed to fully automate workflows and processes in a variety of industries such as travel, payment and procurement.
The partners will initially concentrate on helping travel businesses in the region to yield benefits from virtual payments.
WEX estimate that the total payments spend in the APAC travel market will increase by 6% per year over the coming three years.
WEX director of market development for APAC Corporate Payments Justin Cross said: “At WEX we believe in creating new possibilities at the intersection of payments, data, and technology.
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“Troovo is a leading innovator in the travel technology space and partnering with them is a step forward in improving our service offering for our mutual and prospective customers.”
Troovo CEO Kurt Knackstedt said: “The partnership will help travel agencies and corporate purchasing departments utilise Troovo’s fully robotic virtual payments module along with WEX virtual cards to help eliminate manual intervention in payments and streamline the entire purchase-to-pay workflow.
“Troovo’s world-first, patent-pending robotic engine gives WEX customers quick wins using virtual payments to streamline the hassle of paying suppliers.”