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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Think the IRS mileage rate is fair? Maybe Not. When you compare what an enterprise pays using the IRS “cents-per-mile” standard mileage rate versus a FAVR (Fixed and Variable Rate) vehicle reimbursement program – every mile counts. How much? It added up to over $800,000 for one global chemical company. […]
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The CEO of an industrial parts distribution company, with branches located around the U.S., carefully evaluated the options when it was time for them to drop their company mileage reimbursement policy. His research included benchmarking CarData against competitors as well as large fleet leasing companies. Fast-forward eight years, and you’ll […]
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