NASHVILLE, Tenn.--(BUSINESS WIRE)--Today, EFS – a WEX Company, a leader in fleet payment solutions, announced the implementation of its fleet payment system with leading supply chain solutions provider, NFI. The offering provides NFI with the newest technology and payment automation platform in the market today.
Headquartered in Cherry Hill, N.J., NFI moved its fuel payments business to EFS because of its leading technology and unique approach in partnering with fleets. The EFS platform is driving innovation for the industry in an area that is often cumbersome to manage. “With a dedicated fleet that spans more than 2,200 tractors across North America, ultimately, we wanted a strategic partner with the highest level of customer service that created a new way of doing business,” said Ike Brown, Vice Chairman and President for NFI. “EFS’ unique integration approach and real-time reporting environment helped us identify efficiencies in our network,” said Brown.
NFI is leveraging EFS’ fuel card which allows for real-time integration into its existing transportation management system. NFI is also utilizing EFS’ fuel tax solution, fuel management solution, purchasing control solution and its terminal fuel solution.
“We are honored that NFI chose to move to the EFS platform and look forward to working together to design customized solutions for their business,” said Scott Phillips, General Manager of EFS. “As a technology leader, we are committed to meeting our customers’ business needs as they are helping shape how we approach payments in our industry.”
NFI is a fully integrated supply chain solutions provider headquartered in Cherry Hill, N.J. Privately held by the Brown family since its inception in 1932, NFI generates more than $1.3 billion in annual revenue and employs more than 8,300 associates. NFI owns facilities globally and operates more than 31 million square feet of warehouse and distribution space. Its company-owned fleet consists of over 2,200 tractors and 8,300 trailers, operated by more than 2,600 company drivers and 325 owner operators. Its business lines include dedicated transportation, warehousing, intermodal, brokerage, transportation management, global logistics, and real estate services. For more information about NFI, visit www.nfiindustries.com or call 1-877-NFI-3777.
About EFS – a WEX Company
EFS – a WEX Company (EFS) is a leading provider of innovative and customized corporate payment technology solutions designed specifically to help our customers drive efficiencies and improve bottom line performance. Serving the industry for 50 years, EFS brings unparalleled service, customer-driven innovation, and leading technologies to make the industry better. Our portfolio includes a suite of corporate and private-label purchasing cards; innovative cardless technology solutions; payroll solutions; money transfer solutions; back-office AP and expense management solutions; and intelligent, real-time analytics to make payments smarter. Led by industry experts, EFS maintains our commitment to bettering the industry by developing new technology to deliver smarter payments, providing our customers with better financial controls.
About WEX Inc.
WEX Inc. (NYSE: WEX) is a leading provider of corporate payment solutions. From its roots in fleet card payments beginning in 1983, WEX has expanded the scope of its business into a multi-channel provider of corporate payment solutions representing approximately 10 million vehicles and offering exceptional payment security and control across a wide spectrum of business sectors. WEX serves a global set of customers and partners through its operations around the world, with offices in the United States, Australia, New Zealand, Brazil, the United Kingdom, Italy, France, Germany, Norway and Singapore. WEX and its subsidiaries employ more than 2,700 associates. The company has been publicly traded since 2005, and is listed on the New York Stock Exchange under the ticker symbol “WEX.” For more information, visit www.wexinc.com and follow WEX on Twitter at @WEXIncNews.