Some vehicle reimbursement programs create an unfair system by taking a generalized approach, regardless of driver location and other cost differences. When this system can’t be customized to a company’s individual needs, they are left with a program that either doesn’t fully meet their needs or has too many features they won’t use, leaving them to pay more for something that doesn’t work for their business.
For small companies just starting or corporations that have been around for decades, Motus delivers vehicle solutions that are tailored to your company's needs and empower your mobile workforce for business on the road.
Unlike one-size-fits-all programs, Fixed and Variable Rate (FAVR) programs reimburse employees for the fixed and variable costs of vehicle ownership, localized to the places employees live and work. The FAVR methodology is an IRS-backed, highly customizable, tax-free program that uses five cost components to accurately reimburse drivers, allow employers to optimize spend, improve employee satisfaction and more.
The Motus FAVR platform offers several benefits for your business driving program. In addition to making the entire process more accessible, simple and cost-effective for your organization, you can experience more control over your vehicle reimbursement program while maintaining compliance.
Other benefits include:
A cents-per-mile (CPM) reimbursement program can function a stand-alone solution or as a complement to different vehicle program.
The benefits of Motus CPM programs include:
Create an accountable allowance to reduce tax waste and increase employee take home amounts.
Car allowances are simple to administer, but without accurate mileage tracking, a car allowance is considered taxable income.
The benefits of Motus Allowance programs include:
Store owners get custom, IRS-compliant mileage reimbursement rates catered to their needs. Motus Rates optimize costs so franchises can reinvest in their business and employees.
The benefits of Motus Rates extend beyond labor law compliance and reduced costs:
We now have an IRS-compliant mileage recording process that is easy to use and easy to reimburse our employees.– Sales Operations Manager at Mid-Market Company
Since implementation, Motus has been using their advanced technology to seamlessly handle our automobile reimbursement program. Unlike with many vendors, their customer service team is also top-notch and easy to reach.– Administrator at a Mid-Market company
Prior to … Motus, the drivers would turn in "handwritten" mileage amounts, with little detail, generally late and difficult to read. Motus provides real time information and for budgeting, that is a definite plus. The information regarding compliance helps us keep insurance requirements for drivers inline and our liability exposure controlled.– Administrator at a Mid-Market company
Once our employees bought into it, they really like using it and the reimbursements. In turn, our organization has recognized significant cost savings while staying compliant with the IRS.– CFO at Medium Enterprise Beverage Business