July 29, 2017 9:20 AM ET

Commercial Services and Supplies

Company Overview of Runzheimer International Ltd.

Company Overview

Runzheimer International Ltd. provides employee mobility management services for corporations and government agencies. The company offers business vehicle reimbursement plans, employee pre-move decision support services, and mobile device plan management assistance; and business vehicle management solutions, including outsourced program management, automated mileage tracking, direct deposit payment, compliance and policy testing, and motor vehicle record and background checking services. It also provides relocation services; mobile device services; government employee mobility services, which comprise vehicle and driving-related management programs, relocation policy and compliance, travel a...

1 Runzheimer Parkway

Waterford, WI 53185-3599

United States

Founded in 1933

Phone:

262-971-2200

Fax:

262-971-2254

Key Executives for Runzheimer International Ltd.

Senior Vice President of Information Technology & Business Operations
Senior Vice President of Product & Business Development
Vice President of Business Development
Director of New Product Development
Compensation as of Fiscal Year 2017.

Runzheimer International Ltd. Key Developments

Runzheimer Releases New Interactive Analytics Platform for Data Visualization

Runzheimer announced the launch of its new interactive analytics platform, offering program administrators data visualization features and actionable insights for better business vehicle program management. The platform comes from Runzheimer's partnership with Tableau. Runzheimer is in the process of releasing the tool to its business vehicle customers at the administrative level. Runzheimer administrators will have exclusive access to an interactive dashboard providing them analytics around their business vehicle data, and insights to the reimbursement and mileage trends year-over-year. The platform, which turns excel-based reporting into real-time, digestible insights, will offer users actionable intelligence to make informed business decisions.

Runzheimer Launches TrueCPM Solution to Provide Geographic-Specific Mileage Reimbursement for State Governments

Runzheimer announced the release of its new service, TrueCPM, which could save state organizations millions of dollars in reimbursement costs. Rather than using the standard IRS rate, ($0.54/mile) as a one-size-fits-all reimbursement plan, TrueCPM 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. Runzheimer's patent-pending TrueCPM 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 TrueCPM 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; and Reduced administrative & manual burden through automation.

Runzheimer Announces Partnership and Integration with Concur to Simplify Mileage Reimbursement for the Mobile Worker

Runzheimer announced the integration of Equo with Concur. Now available in the Concur App Center, Equo simplifies the lives of the mobile workforce by automating the task of logging IRS-compliant mileage and creating an expense report. Equo leverages the latest technology and sensors in a worker's phone to detect when someone is driving and then builds a mileage log behind the scenes, allowing mobile workers to focus on their business rather than tracking the odometer. Equo supports both automatic and manual modes of trip detection and allows app users to quickly see their mileage summary and trips by day, week or month. Users can submit trips for reimbursement from anywhere and easily edit trip details like distance, purpose and address. Equo is now available in the Concur App Center. Offering apps with streamlined integration with Concur Travel, Expense and Invoice products, the Concur App Center delivers innovative functionality in key categories such as finance, regulatory compliance, enterprise identity, traveler productivity, travel management and much more.

Similar Private Companies By Industry

Company Name Region
$1 Energy Fund, Inc. United States
1 Class Corp United States
1 Solution Corp United States
1-800 Junk-USA United States
100 Pablo, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
The Advertising Council, Inc. United States
Bertelsmann AG Europe
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Runzheimer International Ltd., please visit www.runzheimer.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.