Streamline Your Finances: PEX’s Latest Enhancements for Easy Reconciliation

At PEX, we’re dedicated to simplifying your financial operations, especially when it comes to closing your books with precision and timeliness. Our latest updates are designed to make reconciliation smoother than ever, featuring enhanced integrations and new usability features that address some of your biggest challenges.

Set a Default PEX Account

Managing multiple PEX accounts just became easier. We’ve introduced a new feature that allows both Cardholder and Admin users to set their default account upon logging in. This enhancement is part of our ongoing commitment to support our super users, enabling smoother management of multiple PEX accounts. We’re eager to receive more feedback and continue improving your experience with PEX. Learn more about setting a default account here.

Improved PEX Visa® Card Unblocking

Mistakes happen—like forgetting to upload a receipt or code a transaction on time. To help you get back on track quickly, we’ve made it easier for Cardholders to request card unblocking. Now, when a card is blocked, the Cardholder can send a request directly to the Admin, who can unblock the card right from their inbox. More information about this feature can be found here.

Enhanced Matching for Fuel Receipts

Earlier this year, PEX introduced AI-powered Receipt Matching to automatically link Cardholder receipts with corresponding PEX transactions. We’re continuously improving this feature to increase the number of matched receipts. Soon, we’ll roll out advanced matching capabilities specifically for gas purchases. When Cardholders use their PEX cards at the pump, PEX will seek out additional data to ensure your receipt is matched to the correct transaction.

Close Blackbaud Journal Entries with Ease

Thanks to valuable feedback from businesses like yours, we’ve made significant enhancements to our Blackbaud Connector to simplify reconciliation. If a Journal Entry batch is posted before all transactions are coded and approved, PEX will now automatically create a new Journal Entry for the same period, syncing the remaining transactions once they’re approved. This update is particularly beneficial for businesses with many approvers across multiple departments.

Coming Soon: Submit Mileage Reimbursements

Last month, we launched Employee Reimbursements, enabling businesses to reimburse employees for out-of-pocket expenses. By popular demand, we’re excited to announce the upcoming addition of Mileage Reimbursements to this product offering. Soon, Cardholders will be able to input starting and ending destinations or odometer readings for work-related trips and get reimbursed at the fixed rate set by your business Admin. Initially available on the web, mobile support will follow shortly after.

Coming Soon: Sync PEX Transactions into CMiC

Attention construction companies using CMiC! We’re thrilled to announce an upcoming feature that will allow you to automatically sync coding details like Job, Cost Code, and Cost Type, as well as transaction details from PEX into your CMiC account. This integration will also support receipt images. Interested in being part of our BETA launch? Sign up here to learn more.