Technology firm iPointlive has launched a mobile phone app for recording mileage.
With an estimated four million grey fleet vehicles on UK roads, the importance of accurate fuel and mileage submission is vital for fleet managers claiming reimbursement, tax compliance and management reporting.
Steve Cole, director of iPointlive, said: “Inaccurate mileage claims are becoming an increasing problem for organisations. The fact is companies that are still manually recording mileage run the risk of potential discrepancies and false claim submissions.
“Companies can save time and money by discarding paperwork and investing in the latest software, such as iPointlive’s mobile phone app.
“The software not only simplifies the job by automatically recording mileage but also generates web based reports, ultimately reducing business costs.”
False mileage claims discovered by an HMRC tax inspection can also cost firms tens of thousands of pounds in fines.
Cole added: “Our mobile app can also put a stop to any unauthorised journeys or breaks, by monitoring employees’ travel times. Journey lengths can also be analysed and re-calculated to minimise future mileage, which will help reduce fuel bills, and the company’s overall carbon footprint. “
Business benefits include reduced costs, improved performance, reduced driver distraction and assisting with the compliance of health and safety laws.