Case Study: a multi-national company saves $382,000 annually with Cardata vehicle reimbursement program

Data Capture and ID Solution Provider Saves $382,000 Annually and Reduces Risk with CarData Vehicle Reimbursement Program

A multi-national company faced challenges with its vehicle reimbursement process after an acquisition, including administrative burdens on its HR department, potential compliance risk, and the use of an inefficient IRS standard rate policy. They partnered with Cardata to implement a Fixed and Variable Rate (FAVR) reimbursement program to address these issues.

Cardata provided a comprehensive solution that included its FAVR program, the Cardata Mobile mileage tracking app, and the Direct Pay service. This streamlined administration, ensured geographic cost accuracy, and guaranteed IRS and CRA compliance. As a result, the company saves $382,000 annually, significantly reduced administrative work for HR and drivers, and minimized organizational risk through proactive compliance checks.