Using outdated manual mileage logs can cost businesses thousands of dollars per year in lost time and incorrect reimbursements.
Annual mileage reimbursement costs based on the numbers you provided.
50 mi/day x 100 drivers x $0.54 (5 days x 50 wks)
This is the inline help tip! You can explain to your users what this section of your web app is about.
According to research, on average employees inflate the mileage by 25% when self reported.
People on average spend 2 minutes on manually recording trips.
2 mins x 10 trips/day x 100 drivers (5 days x 50 wks)
Taking national average $25 hourly rate.
Avg. $25/hr x Manual Entry Hours
(Labor Savings + Reimbursement Savings) / Number of Drivers
Travel & Mileage
Remarkably sophisticated yet easy to use, the TripLog centralized web dashboard gives you true visibility and decision-making power over your company mileage decisions.
With precise visibility and controls, TripLog’s mileage tracker app limits improper requests, and has helped companies reduce their annual mileage reimbursement costs by more than 25%.
Over a three-year period, TripLog found that drivers overreported their mileage by over 27%, costing companies thousands of dollars per employee, resulting in millions of dollars in lost revenue per year. See how TripLog has helped companies in the past:
Using outdated manual mileage logs can cost businesses thousands of dollars per year in lost time and incorrect reimbursements. See how much TripLog can help you save!
Number of drivers
Average miles daily per person
Number of trips daily
Cents-per-mile
Annual mileage reimbursement costs based on the numbers you provided.
Annual Mileage Reimbursement
50 mi/day x 100 drivers x $0.54 (5 days x 50 wks)
$675,000
This is the inline help tip! You can explain to your users what this section of your web app is about.
According to research, on average employees inflate the mileage by 25% when self reported.
Estimated Reimbursement Savings
$168,750
People on average spend 2 minutes on manually recording trips.
Manual Entry Hours
2 mins x 10 trips/day x 100 drivers (5 days x 50 wks)
8,334 hr
Taking national average $25 hourly rate.
Estimated Labor Savings
Avg. $25/hr x Manual Entry Hours
$208,334
Your Company
(Labor Savings + Reimbursement Savings) / Number of Drivers
$4,167
See how TripLog works, ask questions, and explore your potential savings!
Start automatically tracking your mileage today to never miss another deductible mile. Try the #1 mileage tracker for free!
(4.8 out of 5)