Overview

PEX provides an expense management platform that uses prepaid debit cards to help businesses control and track employee spending. It operates on a subscription model and also charges per transaction. The platform integrates with ERP systems so expenses can be allocated to the correct budgets and departments. Employees use a mobile app to snap receipts and submit them, which the system reconciles automatically in real time. PEX serves a wide range of customers, including small to medium-sized businesses and religious organizations, offering tools to automate and streamline spending. Unlike some competitors, PEX highlights seamless ERP integration, real-time spend visibility, and a prepaid card-based workflow that ties employee spending directly to budget control. The company’s goal is to turn workforce spending into a competitive advantage by simplifying expense management and improving budget control for organizations.