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Job Training & Conferences. Within that segment, what we'd expect is the normal puts and takes between travel and our nontravel business. Powered by the belief that complex payment systems can be made simple, WEX (NYSE: WEX) is a leading financial technology service provider across a wide spectrum of sectors . Or is this more likely 2024 contributors? Get Started AllBiz Business Profile Search Background Check. Women play an important role at WEX. Will customer service numbers stay the same? Focusing on diversity also means focusing on inclusion. Was this review helpful? We provide payment solutions to businesses of all sizes across a wide spectrum of sectors, including fleet, corporate payments, travel and health. We have $776 million of available borrowing capacity and corporate cash of $149 million as defined under the company's credit agreement at quarter end. How do I submit claims for reimbursement? So as Jagtar said, we had a really strong open enrollment season. And so when you think about that business, you do a lot of your onboarding before you start the year. Self-Service for Employees. Your WEX benefits debit card makes it easy to spend your funds on eligible expenses. Turning now to Corporate Payments. We had anticipated the trend of higher late fee rates that we saw at the end of last year to continue in Q1. And we have made changes with our credit approval processes, both for the over-the-road business and our traditional retail business, to tighten credit standards in keeping with this idea that we're anticipating or planning for a slow-growth environment in the second half of the year. Can you just talk a little bit about where you are focusing on the M&A side right now? Yes. The leverage ratio, as defined in the credit agreement, stands at 2.5x, which is at the bottom end of our long-term target of 2.5 to 3.5x. Discovery Benefits, A WEX Company Business Data. We've got some benefit from the ExxonMobil portfolio that we had purchased last year. WEX Benefits Reviews 2023: Details, Pricing, & Features | G2 We have hundreds of customers that are using the product. Benefits revenues of $164.9 million registered 36% year-over-year growth. No, I think it's a market that will continue to evolve. Data within our platforms are aligned on Day 1 and updated daily. Year Before jumping into our performance for the quarter, I'd like to quickly address the recent disruption in the banking industry. WexBocaLink.setUrl("locations-flyout", "WEXFleetUniversal", "cc1"); Save money and manage fleet operations with our modern business mobility solutions, including a broad array of fuel cards for any size fleet. And overall, as you can see from the chart in the appendix that we posted to our website, travel does have a lower take rate. And so we feel good about how we've gone through open enrollment, the combination of the products that we have in the marketplace, the distribution channels that we have. Over 90% of our clients come to us seeking a better benefits experience for them and their employees. And so the people that were newer in business and smaller in size, we've had a very targeted issue within that part of the portfolio. You will not need to make any changes to your recurring ACH schedule. Read More. . With that, I'll turn the call over to Melissa. Yes. And then we continue to have the assumption within our guidance that we'd have a slow growth environment in the second half of the year. Like are we thinking that's like second quarter or back half of 2023 thing?