Advantages of Using Mileage and Expense Tracking Technology for Businesses

No two companies are the same, and one of the aspects in which they differ is their approach to business vehicle and transportation expense management. But despite all the modern technology available, a good number of them remain stuck with manual processes. So what benefits await those who use mobile mileage tracking?

It is not only convenient but safe as well.

Convenience is clearly the most significant benefit offered by mileage tracking technology. Similar to any GPS-enabled mobile device, mobile mile tracking apps let us do things that are impossible with those old paper maps. In addition, these apps will keep running in the background so you don’t have to keep looking at your phone and be distracted from the road. You also don’t have to log mileages and destination notes manually, sometimes even forgetting where you tossed that piece of paper. If you use a mobile mileage app, you simply press start and get your data when you need it.

It provides accurate information.

Expenses tend to pile for up for anyone whose job regularly involves traveling. Runzheimer’s 2017 Workforce Mobility Report is clear that people spend an average of $8,480 each year when traveling. Business drivers must be reimbursed, and mileage tracking apps provide comfort from knowing that their actual driven miles are correctly calculated and recorded by the app. This eliminates confusion and even potential conflicts when management finds reason to question a worker’s manual logs.

It relieves some of the stress at work.

It’s a fact – work can be a huge source of stress, specifically for those whose jobs entail a lot of traveling. Any opportunity that reduces the stress is always welcome, especially in terms of IRS compliance and taxes. In simple terms, mobile mileage tracking helps ease fears related to non-compliant mileage reimbursement forms, because you can be sure that information is accurate.

It boosts productivity.

While it may seem like logging of business miles isn’t such a huge task, it can add to work-related stress. In fact, these micro-routines are usually the most difficult to maintain simply because they are hardly fulfilling. Automating the task through mileage technology can free up time that can be used to perform revenue-raising functions and boost workers’ overall productivity.

It offers a competitive edge.

When it comes to business competition, efficiency can be the deal clincher for any company. Workers who use mobile mileage trackers are immediately more efficient and therefore a step ahead, when compared to competitors who are still relying on manual processes. This type of task is highly prone to human error, but automation wipes out all questions on the information’s accuracy.

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