Spruce Grove Capital

CarDATA is a North American vehicle reimbursement service company who take all of the hassle out of managing a company’s vehicle fleet. By systematically tracking and monitoring all aspects of a company’s vehicle fleet, CarDATA’s system will save an average of 30% on vehicle fleet costs. It will overcome such problems as driving a company vehicle in personal time, unproductive admin time, fluctuating gas prices and limited auto allowances. CarDATA track fuel prices across North America on a monthly basis. They then refresh driver reimbursements to take into account the changes in gas prices in a company’s location and sales territory. Their vehicle reimbursement programs are in compliance with the Internal Revenue Service (IRS) and the Canadian Revenue Agency (CRA). This may be a fixed variable and rate (FAVR), and accountable plan or a Standard Mileage Reimbursement. CarDATA also provide safety training, DMV License Checking and Direct Driver Payment. The CarDATA system reduces a company’s risk management. Company provided vehicles, whether owned or leased, give the employer 100% responsibility for the vehicle 24 hours a day, 7 days a week. By shifting to a system where they are using an employee provided vehicle, the risk and liability for the company is greatly reduced as the driver owns the vehicle. A well designed and properly maintained reimbursement program provides the employee with a fair and accurate vehicle use reimbursement while removing the company from liability when the vehicle is driven for personal use outside of business hours, providing a win-win for bother employer and employee.