Expense reimbursement software is the heart of a new and automated approach to the process of reimbursing employees for mileage expenses. If your company is managing mileage reimbursement using manual logs or spreadsheets, it’s time to take a new approach that is a lot simpler and will also save you time and money.
When employees use odometer-based mileage logs, there’s a good chance that the information you are being provided with is inaccurate or even inflated. Employees may simply forget to log actual odometer readings and end up estimating, or they may accidentally forget to deduct for side trips. Knowing that accounting departments will probably cut checks for reimbursement as long as they are provided with some sort of documentation, employees may be tempted to inflate the actual mileage numbers.
Mileage reimbursement software eliminates a lot of the problems surrounding inaccurate or exaggerated numbers. Using this automated system, employees report the point where they start and their destination. The software calculates not only the miles that were driven, but also the amount of money to be reimbursed.
This automated system is so much quicker and easier to use than manual systems and much more accurate. Mileage reimbursement can be very costly, and the best solution to automating the mileage reimbursement process is expense reimbursement software
The use of mileage expense reimbursement software benefits both employers and employees in a number of ways. Here are some of them:
CompanyMileage provides mileage reimbursement software for just about every type of business, and most report that the automated system saves them 20% or more on their mileage expense reimbursement.
A simpler and much more cost-effective solution can be yours as soon as you get started using an automated system for mileage reimbursement. CompanyMileage has provided mileage reimbursement solutions for hundreds of organizations and we are sure we can help you too.
Contact us today to see how expense reimbursement software can simplify your mileage tracking while increasing accuracy and efficiency. Find out how much we can save your company today!