Mileage reimbursement software offers a new and automated approach to determining the amount to be reimbursed for mileage expense. Instead of basing reimbursement on manual reports, employees simply report their starting location and the destination of their business trip. The system calculates the distance driven and how much should be reimbursed. It’s a simpler and much more accurate system that eliminates error or the possibility of fraud.
If you are using a non-automated system for mileage reimbursement, there’s a good chance that the amount being reimbursed for mileage is inaccurate or even inflated. This can be caused by human error, such as simply forgetting to log odometer readings, then reporting them based on estimates, or forgetting to deduct miles used for side trips.
Using software that calculates mileage reimbursement is a new and better approach that can result in saving both time and money. If your company is tracking mileage reimbursement through excel spreadsheets or handwritten logs, there’s a lot of room for error as well as an invitation for fraud. Using traditional systems, reports of miles driven are submitted to an accounting department, and checks are issued without any kind of verification process.
There is a better way. CompanyMileage can automate your mileage reimbursement processes. Using this software has helped hundreds of organizations save as much as 20-30% on mileage reimbursement costs.
Both employees and employers can benefit from using this new approach to calculating mileage reimbursement. These benefits include:
Mileage reimbursement software through CompanyMileage is trusted by hundreds of industries across the country, including retail, healthcare, transportation, technology and more.
Don’t keep losing money using an inefficient system or keep worrying about tracking actual miles driven. Instead rely on automated software that ultimately can prevent errors, insure compliance and lead to real peace of mind.
Start saving with mileage reimbursement software today!