Travel mileage reimbursement is often a significant expense, and if the system your company is using is inefficient, this expense may be much higher than it needs to be. If employees are tracking mileage using odometer readings and manual logs or spreadsheets, the amount you are paying for mileage expense is likely to be inflated or inaccurate.
There is a better, more accurate way of determining travel mileage reimbursement amounts. Instead of relying on manual processes and estimating travel expenses, a better solution is to save time and money by using an automated system for mileage reimbursement.
When mileage is tracked manually, there is a lot of room for error or fraud. Employees may forget to actually log miles driven and end up entering numbers that are guessed, or they may simply forget to deduct for side trips. When using mileage reimbursement software, all employees have to do is enter the starting point and the destination. The system calculates the distance between them as well as the mileage to be reimbursed.
This new approach eliminates the human error that may happen in manual tracking logs. It also removes the possibility of fraudulently inflating numbers, and can save your company as much as 20-30% in mileage reimbursement costs.
Using travel mileage reimbursement software benefits both employers and employees. Consider some of the benefits of an automated mileage reimbursement system:
Mileage reimbursement software available through CompanyMileage is trusted by hundreds of different types of industries all across the country, from healthcare to technology to transportation to retail. Whatever type of business you have, CompanyMileage can help you get started using an automated mileage reimbursement system.
Using automated software can offer significant savings to your company. Start using this easy, cost-effective solution to mileage reimbursement expenses and stop worrying about inefficiency or inaccuracy in mileage reimbursement. No more inflated estimates commonly seen with relying on odometer readings.
For a smooth, efficient method of reimbursing for mileage, get started today using travel mileage reimbursement software. Contact us to learn more.