Case Study: Global Chemical Company saves $800k with Cardata vehicle reimbursement

Chemical Company Saves 800k with a Vehicle Reimbursement Program

Global Chemical Company, a global chemical manufacturer, was looking for ways to cut fleet-related costs during the Great Recession. It needed a reimbursement approach that would be fair for employees with very different driving roles, from mining-site visits to urban sales calls, and that could also reduce administrative burden. The company turned to Cardata and its vehicle reimbursement program.

Cardata implemented a FAVR (Fixed and Variable Rate) vehicle reimbursement program with vehicle profiles tailored to job types, such as pickup trucks for mining sales reps and mid-sized sedans for traditional sales staff. The result was more than $800,000 in savings for Global Chemical Company across over 6.7 million miles driven, while also improving compliance, simplifying HR administration, and providing mileage tracking and reporting for IRS requirements.