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Why Vehicle Reimbursement is Not Compensation

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WHY VEHICLE REIMBURSEMENT IS NOT COMPENSATION Sophis cated systems for expense management can change businesses processes for the be er. For example, they can enable employees to capture images of business receipts with their phones, submit them electronically and receive reimbursement easily. These systems drama cally increase efficiency and produc vity for mobile workers while also improving visibility into exact expenses for finance teams. General expense management has improved dras cally. So what about accurate vehicle reimbursement programs? Unfortunately, many employers rely on outdated methods that require manual processes and do not account for individual employee costs. A large number of businesses con nue to use car allowance programs because they're seen as easy to use. However, this type of program is compensa on, not vehicle reimbursement.

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