this is NOT IE 8
Runzheimer Launches TruCPM Solution

Press Release.

06.06.2016

Runzheimer Launches TruCPM™ Solution to Provide Geographic-Sensitive Mileage Reimbursement for State Governments

Mileage rates give state governmental agencies fair, accurate reimbursement programs that take into account geographical costs, saving them up to $90M

WATERFORD, Wis. - June 6, 2016 – Runzheimer, a business vehicle and expense management services provider, announced today the release of its new service, TruCPM™, which could save state organizations millions of dollars in reimbursement costs.

Rather than using the standard IRS rate, ($.54/mile) as a one-size-fits-all reimbursement plan, TruCPM gives state governments a cent-per-mile (CPM) rate that is aligned to business driving costs unique to their geographic driving locations. This more precise rate can be used to fairly reimburse state government employees for driving vehicles for business.

Mileage reimbursement is the number one travel and expense related cost for most states. Having a fair and accurate rate specific to a geographical area along with mobile mileage capturing drives better alignment between the true costs experienced by an individual and the reimbursement they receive.  Runzheimer’s patent-pending TruCPM algorithm uses geographically sensitive data, such as gas prices, insurance rates and topographical conditions, to calculate customized reimbursement rates for state government drivers. Mobile mileage capturing removes human error and estimations, which can result in over-reimbursement. The combination of the geographically accurate mileage rate combined with mobile technology enables state governments to save on costs.

The TruCPM model and methodology provides the policy, process and controls necessary for a comprehensive reimbursement management policy, including collecting employee insurance information and outlining driver responsibilities. State government agencies benefit from:

  • Precise mileage tracking with Equo™, Runzheimer’s mileage capturing app
  • Accurate geographically-sensitive mileage cost based on dynamic data inputs
  • Reduced administrative & manual burden through automation

“The technology and methodology behind TruCPM, used in combination with the dynamic data helps state governments better control reimbursement expenses. This is a huge leap in this industry,” said Donna Koppensteiner, senior vice president of Runzheimer.

For information about Runzheimer’s TruCPM solution, please visit https://www.runzheimer.com/business-vehicles/cents-per-mile-custom-solution.

About Runzheimer

Runzheimer is the recognized leader in business vehicle technology and solutions mileage management, providing actionable insight into field workforce productivity. We are dedicated to offering innovative solutions that increase agility, reduce costs and improve satisfaction through fair, accurate and defensible™ vehicle reimbursement programs. Our technology produces data analytics that enable organizations to manage mobile workers through a streamlined process that eliminates excessive overhead costs. It is our mission to offer mobile technology and solutions that connect people, companies and their vehicles to drive superior productivity and valuable business intelligence.