Federal GSA awards five-year IT contract to WEX
WEX Inc. (NYSE: WEX), a South Portland provider of corporate payment solutions, has been awarded a five-year IT Schedule 70 contract with the U.S. General Services Administration, the procurement arm of the federal government.
GSA’s IT Schedule 70 program is designed to help federal, state and local customer agencies find “the tools and expertise needed to shorten procurement cycles, ensure compliance, and obtain the best value for innovative technology products, services and solutions,” according to GSA’s website.
Through this agreement, federal customers will be able to purchase WEX telematics solutions through a standardized procurement process, which will streamline access to tools to maximize fleet performance, reduce costs and risks, improve customer service and become greener. Telematics is described on the company’s website as a service using GPS technology and wireless data transmission that enables fuel card clients to keep track of their vehicles. For a short video explaining how it works go here.
“WEX has been serving the needs of government fleets for decades, and it is an honor to be recognized as an approved vendor of telematics solutions for the federal government and its agencies,” said Bernie Kavanagh, senior vice president and general manager of North America large fleet and strategic relationships at WEX. “Coupled with our proprietary technology and award-winning customer service, we look forward to giving government officials access to data-driven insights, which will enable them to make more informed business decisions.”
The GSA IT Schedule 70 award is the culmination of a rigorous process in which the GSA carefully evaluates companies to determine their proficiency and suitability for providing products and/or services to the federal government. The assessment covers an array of a company’s capabilities including organizational structure, performance history and customer satisfaction.
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