Case Study: Medical Device Company achieves 99.8% tax-free business vehicle program with Runzheimer

Full Suite of Runzheimer Programs Including Fixed & Variable Rate Program with Equo Mileage Capture App

A medical device company with approximately 3,300 employees was struggling with tax inefficiency and risk in its business vehicle program. The organization, which previously provided drivers with a high flat-rate taxable allowance, sought greater control over insurance validation and an easier method for drivers to track business mileage. They partnered with Runzheimer to address these challenges.

By implementing Runzheimer's Fixed & Variable Rate (FAVR) program alongside the Equo mileage capture app and additional administrative services, the company achieved a 99.8% tax-free vehicle program. The solution from Runzheimer delivered substantial savings, reducing FICA tax by nearly $500,000, while also ensuring 100% insurance compliance and validation for its drivers.