Case Study: Industrial and Environmental Services Company saves $2 million+ with Cardata FAVR program

Industrial and Environmental Services Company Saves $2 Million+ with Cardata FAVR Program

Industrial and Environmental Services Company, a national industrial and environmental services enterprise, needed a better way to manage vehicle reimbursement for thousands of employees and thousands of driver status changes each year. Its HR and benefits team was spending too much time manually processing adds/deletions, handling driver questions, and dealing with inconsistent reimbursement policies. The company turned to Cardata’s FAVR vehicle reimbursement program to simplify administration and improve compliance.

With Cardata, the company automated mileage tracking, moved reimbursements to electronic funds transfer, and standardized approval and insurance-compliance workflows. Cardata helped eliminate inequities in reimbursement, reduce administrative burden, and cut risk, while delivering more than $2 million in annual savings versus the IRS cents-per-mile benchmark.