Balancing the budget is certainly one of the hardest things a business owner must do. It can be made even more complicated when one of your major expenses is reimbursing employees for travel expenses incurred. But where do you even start when trying to compile a travel budget?
Are you an employer who simply allocates a bucket of money, hoping that there will be sufficient funds to cover the full year? Wouldn’t it be easier if you could monitor your employees by GPS and track their routes, costs and time expenditure?
Today, with GPS location monitoring being as accurate as it is, it just makes good business sense to monitor your employee’s locations, in real time. By using this technology and studying the trends and patterns made by your staff, budgeting for the year’s travel expenditure account will become so much easier.
Plan more cost efficient routes
By using historical travel data captured by your Team members, you will not only be able to see exactly where your staff go, but more importantly what route they have taken to get there. Perhaps there is an alternate route on offer. One that could avoid peak hour traffic, congestion or tolls, which in turn reduce travel time and lost productivity. Perhaps an alternate mode of transport is more suitable for that particular trip.
By planning what routes will be taken, travel costs incurred such as fuel, vehicle maintenance and wear and tear, as well as insurance premiums will all reduce. Savings that contribute to Your Bottom Line
Motivate your staff through Innovation
Only 1 in 4 Australian employees are strongly engaged in their work, according to US-based performance management group Gallop. This lack of motivation and engagement leads to business profit losses, through lost productivity and low staff morale.
Some of these losses can be recuperated by engaging your employees through open communication, as well as the implementation of digital innovation. Ideals that are at the heart of Bundyon’s design.
The data collect by Bundyon can be used as evidence for employee engagement, feedback or promotion.
No more wasting time with handwritten timesheets or log books. Bundyon has been designed with set and forget capabilities for alerts, clock ins and clock outs. Time, location, speed and mileage data are all recorded and can be import or export from Bundyon.
Welcome to the Digital Age
All route data received is stored on Microsoft Azure services, and can be accessed from your existing IT hardware. This means your business will not incur any additional costs for IT hardware, software, licenses, storage fees or training.
Bundyon has also been designed to be downloaded onto any existing smart device, and has a user-friendly interface that allows staff to self-teach.
If you would like more information about how the Bundyon software drives business process efficiencies, that will deliver profits, please contact us at www.bundyon.net
The information contained within this blog is of a general nature only. It does not take your specific needs or circumstances into consideration. You should look at your own situation and legislative requirements before making any decisions.