Case Study: a large retail company cuts reimbursement costs by 20% with Runzheimer's FAVR program and Equo mileage capture app

Fixed & Variable Rate Program with Equo Mileage Capture App

A large retail company was facing challenges with its vehicle reimbursement program. They were using a standard cents-per-mile rate for their high-mileage drivers, which was not accurately reflecting vehicle costs and was becoming expensive. The company needed a fair, accurate, and cost-effective solution that would also simplify mileage tracking without creating an administrative burden for its 9,000 employees.

To address this, the company partnered with Runzheimer to implement its Fixed & Variable Rate (FAVR) program along with the Equo™ mileage capture app. This solution provided more precise reimbursements based on actual costs and automated the mileage logging process. As a result, Runzheimer helped the client reduce their reimbursement expenses by 20%, saving $200,000 annually, while ensuring full IRS compliance and providing better insights into territory activities.