DENVER, CO (August 15, 2018) – Today, BuyQ, a mission-driven group purchasing organization for charter schools, and PEX, a next generation workforce expense management solution, announced the launch of a new partnership designed to help charter schools more easily track and control spending.
The PEX SaaS platform allows charter schools to distribute prepaid cards, precisely track and control spending by faculty and staff, eliminate checks and streamline reconciliations. With PEX, charter schools can easily and inexpensively empower teachers and staff to make purchases while improving oversight, visibility and substantiation of spending.
“A common concern we hear from our charter school clients is inefficiency and lack of control over spend management,” said Toffer Grant, Founder and CEO of PEX. “By partnering with BuyQ, we’re able to help these schools purchase items they need at a discounted rate with value-added buying options, all while controlling their spend through the PEX solution. It’s a win-win.”
BuyQ is the only group purchasing organization devoted specifically to charter schools. They help save time and money by giving charter schools access to competitively bid group purchasing contracts with top national vendors, which have been negotiated based on the combined purchasing power of 5,000+ charter schools. Participation is free, and no obligation is required.
“Every day we talk to charter schools who are struggling to find the balance between being responsive to their team’s needs and following their established purchasing policies and procedures,” said Marco Rafanelli, Co-Founder and CEO of BuyQ. “I believe the PEX solution could be a game changer for charter schools who want to reduce administrative time and effort and empower their teachers and staff to make necessary purchases while also increasing control and insight over where funds are being spent.”
As a result of the new partnership, all BuyQ members will be eligible to receive a free 12-month trial (a $960 value), a waived set-up fee and other ongoing discounts and benefits from PEX. BuyQ will also work together with PEX to ensure successful outcomes for charter school customers. Additional information about the PEX + BuyQ relationship can be found here.
BuyQ is a mission-driven group purchasing organization specifically for charter schools. We help charter schools direct more dollars to the classroom by providing access to competitively bid group purchasing contracts with top national vendors, which have been negotiated based on the combined purchasing power of 5,000+ charter schools. Participation is free, and no obligation is required. Learn more at www.buyq.org.
PEX, a New York fintech company founded in 2006, is a platform provider of next generation corporate card and workforce spend management solutions for businesses. Businesses maintain control of their money through use of the PEX Visa® Prepaid Card by issuing cards to employees, supplying funds, and limiting where staff can spend, as needed. The PEX Admin desktop site, Admin and Cardholder mobile apps provide up-to-the-second access to manage and oversee employee spending. PEX APIs are available to enterprise clients who need to enable spending for many employees. Today, PEX services thousands of businesses nationwide across a wide variety of industries.