Why are companies adding FAVR programs to their fleet operations? The landscape of work is changing, and businesses are questioning the viability and sustainability of their fleet programs. As inflation continues to put cost-saving pressure on business finances, decisions-makers are forced to evaluate costs and innovate. There is a lot of cost with fleet programs that can be mitigated with the right hybrid program blend. There are an abundance of complementary vehicle program options out there, including the industry-leading FAVR program. Employee satisfaction and financial ease are both simultaneously achievable, but not necessarily with fleet alone. That's why people are adding FAVR programs to their hybrid fleet operations. #fleet #VehicleReimbursementProgram #Cardata
Cardata
Software Development
Boston, Massachusetts 12,406 followers
A fully-managed vehicle reimbursement solution for businesses whose employees use their personal cars for work.
About us
Founded by fleet management leaders in 1999, Cardata is the fully-managed vehicle reimbursement partner for field teams. Cardata pairs industry leading expertise with easy-to-use technology to design the simplest and most cost-effective solutions for employee-owned fleets. Cardata's IRS compliant tax-free programs are enabled by expert services, mileage capture technology and business intelligence tools. This comprehensive approach reduces liability, lightens administrative burden, and generates annual cost savings of over 30% when compared to traditional company cars or taxable allowances. Cardata is driving what matters to their partners by adopting a data-driven approach to reimbursement, co-creating solutions that align with customer goals while ensuring financial efficiencies. Programs include Fixed & Variable Rate Reimbursement, Tax-Free Car Allowance, and Cents per Mile. Reach out to see how you can optimize your vehicle program!
- Website
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https://www.cardata.co/
External link for Cardata
- Industry
- Software Development
- Company size
- 51-200 employees
- Headquarters
- Boston, Massachusetts
- Type
- Privately Held
- Founded
- 1999
- Specialties
- SaaS, FAVR, Mileage Tracking App, Company Car, Mileage Reimbursement, Fixed and Variable Rate, Cloud, Reimburse mileage, Fleet, Car Allowance, and Vehicles
Products
![Click here to view Cardata]()
Cardata
Expense Management Software
We administer Fixed and Variable Rate Reimbursements ("FAVR") and Cents per Mile ("CPM") programs through a proprietary reimbursement software.
Locations
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Primary
Get directions
Boston, Massachusetts, US
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Get directions
2300 Yonge St
1800
Toronto, Ontario M4P 1E4, CA
Employees at Cardata
Updates
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What an amazing few days at the Chicago Build Expo! 🚧✨ We loved connecting with so many industry leaders and showcasing Cardata's mileage reimbursement innovations. Huge thanks to everyone who stopped by our booth!
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Financially speaking, businesses are feeling a major pinch right now. And finding areas of cost-savings is critical. 💡 The costs associated with owning and operating a fleet of vehicles are high and often ambiguous. 🚘 Many companies don’t even know all the various fees that go into their fleet’s final price tag. 💸 There’s fuel, acquisition, maintenance, detailing, insurance, the list goes on. ✍ And those are just for the cars! There’s also the cost of time spent on administration, training, onboarding/off-boarding employees, licensing, etc. Finding efficiencies is critical for a business to stay profitable. 🤝 And for a lot of companies in numerous industries, this means taking a good, hard look at your fleet of company cars. There are cost-effective solutions out there, saving vehicle budgets across the board.
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✨ Did you drop by our booth (#229) at the Chicago Build Expo today? If not, don’t worry! 🚗 Tomorrow, our rockstar team - Lee Adam, Griffen D., Kayla Santos and Jenna Freeman, will be back and ready to dive into all of your vehicle reimbursement questions and serve up some delicious afternoon goodies! 🍿 #ChicagoBuild #Construction #VehicleReimbursement
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⏳ Time’s running out! Join our webinar, "Spotting Common Reimbursement Mistakes: Pairing People and Programs," with experts Lee Adam and Griffen D. today at 12:00PM ET! We’ll tackle reimbursement pitfalls that lead to compliance issues and unhappy employees. Plus, get access to Cardata’s 2024 industry reimbursement rate data to see how you stack up against your peers! 👀🔐 Register now - link in the comments! ⬇️
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Did you tune into our podcast with the incredible Tim Sackett, SPHR, SCP a few months back? 🌟 As a leading voice and trailblazer in the HR world, Tim joined host Lee Adam to share his top tips and tricks for retaining talent in today’s ever-evolving landscape; a golden opportunity for HR pros to soak up insights from one of the best in the business! If you missed it, don’t worry! You can catch the full recording linked in the comments. Let’s keep the conversation going 💡
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Cardata is hosting Spotting Common Reimbursement Mistakes: Pairing People and Programs. Make sure to attend it tomorrow.
Join us on October 18th for our next live event, "Spotting Common Reimbursement Mistakes: Pairing People and Programs!" Are you certain that your reimbursement program makes sense? Is it fair? Is it compliant? Are the right people assigned to the right programs? How do you know? Don’t let your vehicle program lose its value, ensure that you’re running a fair and tax-efficient benefit for your employee drivers. Join Cardata’s Lee Adam & Griffen D. on October 18th at 12pm ET as they explore common reimbursement mistakes (which lead to compliance lapses, tax, unfairness, and unhappy employees) and how to fix them. They’ll share actionable ways to ensure program fairness, reduce tax risk, produce a solid vehicle policy, and keep your employees satisfied. Plus, you’ll get access to Cardata’s 2024 industry reimbursement rate data to see where you sit in comparison to your industry peers. You’ll leave the live event having learned how to… • Build a reimbursement program that meets your employees’ unique needs • Avoid tax exposure and audit risk by choosing the right program and managing it right • Measure a successful vehicle program using KPIs • Leverage industry data to benchmark annual rates and meet your spend and benefit goals • Use a partnership approach to reduce administrative burden and ensure fairness *Live event link will be sent to participants prior to the event date.
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🏗️ Let’s Talk Construction at the Chicago Build Expo! 🏗️ We’re excited to hit the ground running at Chicago Build on October 22-23! Swing by booth 229 to see how we’re transforming the way construction teams operate. Plus, we’ll have some fun giveaways and a few surprises up our sleeves! 🍿 🗓️ When: October 22-23 📍 Where: McCormick Place, booth #229
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Tuesday Tip: Keep compliance worries at bay! 😌 Here’s your friendly reminder: keeping your program in line with tax and labor laws is the key to avoiding audits and penalties. Think of compliance as your GPS - guiding you safely through the twists and turns of regulations. The best part? Staying compliant not only saves you from potential headaches but also keeps your drivers safe and worry-free! 🚘
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Jonathan Ezer is repping Cardata at the The MedTech Conference in Toronto today! Looking forward to an action-packed few days filled with learning and connecting with medical technology industry pros💡🤝 #MedTech #MTC24
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