Jaama has added yet more functionality to its Key2 Contract Hire and Leasing system, which enables leasing companies to offer car salary sacrifice schemes to their customers.
The salary sacrifice module enables lease companies to set customer specific schemes and also manage the related contracts.
Employees are provided with access to a web quotes system to choose their preferred vehicle and the system will then calculate the expected salary deduction value. Once the quote has been approved, Key2’s efficient workflow will use the information to create the necessary order, vehicle record and contract with minimal manual intervention.
To assist organisations offering cutting-edge car salary sacrifice solutions to their customers, Jaama has enhanced Key 2, which now has the ability to:
• Produce a list of all cars available based upon an exact net salary sacrifice amount or value range.
• Enable company car drivers to add a salary sacrifice vehicle for friends or family, so salary sacrifice is available as a benefit in addition to an employee having a company car.
• Clearly identify to companies what their ‘retained’ savings will be from a salary sacrifice calculation.
• Provide companies with a salary sacrifice tax make-up sheet.
Jaama sales director Martin Evans said: “Leasing companies using Key2 can calculate exactly the savings available to both employers and their staff through a salary sacrifice scheme.
“Contract hire and leasing companies want to be able to offer salary sacrifice. However, they need the functionality to be able to provide exact financial calculations to both their customers and their customers’ employees and Key2 does exactly that.
“Reducing administration and improving efficiencies for both themselves and their customers are among the reasons why contract hire and leasing companies choose Key2. The salary sacrifice module enhancements deliver those benefits particularly in terms of highlighting tax efficiency options for businesses and their staff.”