For Amanda, it was the best of times – almost. For Richard, it was the worst of times, at least when it came to the vehicle reimbursement program both he and Amada were involved with through their company. You see, the company has sales offices in Milwaukee and Washington, D.C. […]
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Addressing Compliance Can Actually Improve Policies The long-standing company car allowance plus fuel card vehicle reimbursement policy at a large oil producer and distributor wasn’t meeting IRS requirements. The company has 400 employees who log 4.85 million miles annually. “Our old program wasn’t auditable,” explains the company’s HR Compliance Manager. […]
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Money Matters, But There’s More to This Story When you are a company with thousands of employees logging over 28,000,000 miles in a CarData FAVR program, it’s easy to be transfixed by the results: $2 million+ annual savings compared to the benchmark IRS cents per mile, refined policies that financially […]
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Fact is, everyone wins with the right VRP “It got crazy trying to manage the company car program in-house. Between the insurance, maintenance, paying for fuel and liability, it was a problem we had to solve,” says the Vice President and Chief Financial Officer of one of the largest concrete […]
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Merging Companies? The Right VRP Can Result in Unanticipated Advantages Finding new efficiencies is a primary objective behind enterprise mergers or acquisitions. Typically, the synergy impacts products and services. For this multi-national company, an acquisition created unforeseen benefits: radical time savings for the HR department, reduced risk and cost savings […]
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