COMPANIES can make up to a 25% saving on fuel costs but uncovering exaggerated mileage claims.
The problem is usually much bigger than employers believe, says TMC, an audit specialist.
“We typically see our clients’ mileage bills drop by 25% when they bring in measures to capture and audit their drivers’ mileage reports,” commented TMC managing director Paul Jackson.
“For example, if you have 25 company car drivers, each covering around 10,000 miles a year on business, 25% equates to an annual saving of over £6250 on fuel expenses,” he added.
Mr Jackson said that auditing drivers’ mileage was more effective at cost saving than efforts at fuel efficiency.
TMC has released a new guide explaining how businesses can help eradicate over-claiming of expenses. It is based on TMC’s experience with more than 70,000 drivers, capturing their monthly mileage reports via online reporting, text messages or voice calls.
The company audits for mistakes and inaccuracies identified by the system, and will query them with the driver or, if necessary, their employer.
The guide explains why it is hard for managers who use conventional expenses processes based on paper forms or spread sheets to spot discrepancies, and how this enables drivers to easily over-claim significant numbers of miles each month.
“Using a third party to record and verify mileages minimises risk of creating internal friction when you are trying to cut mileage bills down to their real size,” Mr Jackson added.
Business car managers can obtain TMC’s new management briefing by visiting www.tmcuk.co.uk.
Convential expenses mask over-claiming
