Effective FAVR Solution
Pros
- GPS Based Mileage Tracking
- Automating Accounting Portion of Payment
- Tax Compliance for a tax-free FAVR program
Cons
- Hard to manually enter miles for users who don't want to use GPS
- Very stringent on mileage submission deadline, once a month, or wait another month for users
- App is great, web interface could be improved, especially for the users
Most Important Features
- Tax-Compliance
- User level empowerment
Return on Investment
- Positive - ROI
- Negative - "Big Brother" feeling on GPS mileage tracking
- Positive - We decided to pass savings to employee for mutual gain on the new program
