In an environment of fuel price volatility and economic uncertainty, successfully managing your business vehicle program is more important than ever. Typical organizations are spending on average $9,697 per year per driver, not including support activities. In an organization with 250 drivers, this can amount to over $2 million per year. Managing liability exposure, data collection, and tax law exposure increases the cost to maintain these programs.
Organizations today need to focus on what they do best, on what provides the greatest support to their bottom line. Partnering with a third-party business vehicle program expert keeps organizations’ current resources focused on mission critical activities while gaining control of a large expense item.
Business executives are searching for viable options to fleet and reimbursement programs and require accurate information to support their decisions. It is important to look deeper at the quality of information and the methodology used in arriving at fair, accurate, and defensible reimbursements.