Slow resolution and payment of auto claims can drive up costs and frustrate customers who want to get back on the road. WEX’s electronic claims solution let you swiftly pay preferred and out-of-network suppliers, helping to save you money and preserving customer loyalty.
Drive savings with single use virtual accounts
Take advantage of our single-use virtual accounts to reduce costly payments by check. After reaching a claim settlement, you simply click a button to create a unique virtual account for each claim payment. You can even set purchase limits for exact payment amounts.
With WEX claims payment solutions you can:
- Pay and close claims up to 7 days faster
- Lower your average payment servicing time by 2.5 minutes per transaction
- Reduce incidences of payment fraud and disputes
Automatically reconcile payments so you can redeploy resources to more strategic matters