The Energy Saving Trust has announced that businesses across the UK could potentially slash their fleet mileage costs by up to 10% by using a robust mileage management system.
UK firms are expected to spend up to £10.9bn on fuel for their company vehicle fleets of four million vehicles in 2012.
The Energy Saving Trust says the environment would be another big winner with carbon emissions cut by 10%, the equivalent of 2.4m tonnes of CO2 emissions.
Mileage management systems accurately log the number of miles undertaken by employees for business purposes, which could include sales staff travelling to client meetings or engineers attending repair jobs.
This means UK firms can save thousands of pounds on mileage reimbursement costs or fuel bills and make serious inroads into their carbon emissions.
The Energy Saving Trust says drivers logging company mileage are incentivised to become more efficient in their fuel consumption. Companies can also use the technology to review the types of vehicles they have in their fleets.
The Trust has been working with software company Vertivia to help corporate track and manage their fleets.
“Our mileage system removes any unexplained variance in the distances that some drivers log when claiming business mileage,” said Paul Chater, sales director of Vertivia. “This is a much more efficient and accurate way of logging mileage and removes any element of guesswork.”
Vertivia said that the system can provide improved HMRC compliance and detailed data breakdowns so companies can consider alternative reimbursement structures and manage their fleets more effectively.