Cost-Effective Vehicle Reimbursement Program
How SMART DATABASE™ keep plans on track
At CarData, our vehicle reimbursement programs are strengthened by the CarData Online application. Within CarData Online, the proprietary database is operating. This robust database is called SMART DATABASE™. The pinpoint accuracy of the database allows CarData Online to provide a streamlined VRP solution that keeps costs and administrative tasks at a minimum, and influences neutral driving behavior along with satisfied employees.
CarData’s SMART DATABASE™ ensures that a company’s vehicle reimbursement program is accurate, cost-effective, and defensible to drivers. The database consists of specific costs and expenses for all driver locations down to zip level. The expense data-files include:
- New vehicle price lines for cars and pickup trucks
- Resale vehicle values
- Mileage bands in 5,000 increments
- Maintenance and repair expenses
- Insurance premiums
- License fees
- Daily gas prices
- And local taxes
When information about individual driver territories is entered into CarData Online, the SMART DATABASE™ calculates reimbursement specific to each driver’s territory. Vehicle selections and Business Use Percent (BUP) are determined for each business job function. Four additional parameters are calculated by the CarData SMART DATABASE™: Vehicle Lifecycle Parameters, Vehicle Legal and Licensing Parameters, Vehicle Operating Parameters, and Driver Territory Adjustment Parameters.