WEX Helps Automate Fleet Registration in Australia

WEX Inc. has partnered with a payment service company to automate the car registration renewal process for businesses in Australia.

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October 10, 2018

WEX Helps Automate Fleet Registration in Australia — In Australia, there are 19,000 businesses operating fleets with 20 or more vehicles, with a total of 2,162,000 vehicles, according to the 2018 ACA Research Corporate Fleet Insights Report.
Traffic on Coronation Drive along the edge of the Brisbane River towards the city in Brisbane, Queensland, Australia, courtesy of freeaussiestock.com.

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WEX Inc. has partnered with a payment service company to automate the car registration renewal process for businesses in Australia.

The Melbourne-based FinTech Payment Logic developed a robotic process automation solution that, when coupled with WEX virtual payments, enables the automation and payment of the car registration renewal process for fleets of vehicles, according to a release from WEX. This is designed to reduce human error and the cost of manual processing of car registration payments.

This solution takes a file of car registrations and automatically inserts a virtual card payment and enters the registration renewal without any manual input by the fleet owner, manager or administrator, said WEX.

A 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, according to a release from WEX. The company 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.

Topics:Global Australia Vehicle Registration WEX Global Fleet

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