The new solution uses local fuel prices, combined with fleet vehicle miles per gallon information, to calculate a geographically accurate cents-per-mile reimbursement rate for fuel expenses.
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While certain numbers remained relatively flat to what was reported in 2016, some segments have revealed shifts that may reveal new trends to how fleets approach personal-use policies, according to Automotive Fleet's annual survey. Read the full story here. Charts by Armie Bautista.
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Average personal-use charges have remained flat in 2017, but certain trends have revealed other telling details about the status of personal use.
Read More →International Data Group's CIO has named Wheels, Inc. as a recipient of the 2017 CIO 100 award that recognizes 100 organizations around the world that have distinguished themselves by creating business value through the effective and innovative use of information technology.
Read More →There are four types of driver reimbursement models: IRS business mileage reimbursement rate, a fixed allowance, the Fixed and Variable Reimbursement Rate (FAVR), and a hybrid model that uses the FAVR guidelines but delivers the driver payment in a cents-per-mile model.
Read More →While fleets typically gravitate toward company provided models, there are legitimate reasons they might want to consider utilizing a reimbursement program. However, there are a number of caveats fleets should consider.
Read More →Fleet managers often must deal with a number of so-called “vehicle experts” within the company, sometimes including those who hold senior management positions. Here’s how to deal with the unrealistic ideas they propose.
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While executive fleets are small in size compared to the rest of a company’s fleet, they present opportunities and challenges. Despite these challenges, executive vehicles still have a place in today’s operational landscape.
Read More →While expense fraud related to mileage is often unintentional, whether it’s deliberate or not it can cost companies with fleets millions of dollars in overpayments. The good news is there are simple ways to combat it.
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While personal-use charges, on average, have risen once again, there are other trends influencing the way fleets are handling personal use.
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