Interactive Fleet Management has been appointed as a key partner to The Miles Consultancy (TMC), which means that Interactive Fleet Management customers can benefit from online, automated systems that cut costs by ensuring company car and grey fleet drivers record their business and private mileages accurately via web-based applications.
TMC’s solutions also reduce administration costs, support compliance with Occupational Road Risk requirements and are recognised by HMRC.
Evidence shows that organisations typically pay out 24.7% more in fuel and mileage expenses than they need to, and rising pump prices have added over £100,000 to the cost of running a 500-car fleet since January last year.
In addition, the new VAT rate of 20 per cent has raised such a fleet’s fuel VAT bill from £122,000 to £136,000 in 2011, placing fuel costs firmly on most companies’ fleet agendas.
“TMC command huge respect in the fleet sector for their online systems, and the methodology behind their mileage capture which controls fuel expenditure with unrivalled precision,” said Stuart Menzies, commercial director at Interactive Fleet Management.
“Due to the high value of their approach, they also deliberately work with only a small number of highly prized partnerships with some of the industry's finest companies, and we are delighted to have demonstrated to them that our professional approach to fleet management mirrors their own.”
Paul Jackson of TMC added, “We’re thrilled to be working with Interactive Fleet Management and look forward to helping their clients achieve very significant fuel savings.
“TMC Mileage Capture delivers accurate recording, auditing and compliance of employees' mileage and spending on fuel, to help organisations gain control and reduce costs.
“The system immediately highlights anomalies and inaccuracies in users' reports, deterring drivers from reporting exaggerated mileages, fuel consumption or fuel prices in order to over-claim mileage expenses.”