Why your company’s approach to business travel costs your team valuable time

Offering hybrid and remote working is now essential for hiring the best candidates. But the increasing number of working hours outside the workplace has made employers more sensitive to how employees spend their time.

Yet, for many years, one area where employees have been losing hours (through no fault of their own) has gone largely unnoticed: corporate ground travel —?in particular, company cars.

But time isn’t the only thing company cars cost your business in this challenging economy.

Company cars: the perk that keeps on taking

Businesses are waking up to the fact that owning or leasing a fleet of company cars is an unessential money-burner.

Yet, for many businesses, the company car still reigns supreme —?despite the endless list of outgoings. On top of the lease, you also have to pay out for:?

• fuel;
• insurance;
• licences;
• maintenance;
• repairs;
• and tolls.

To make matters worse, these outgoings are rarely consistent from month to month —?which brings challenges around setting budgets —?and sticking to them.

One thing missing from this list is parking, the price of which is increasing in many places. Competition for parking places in big cities compounds such increases. If companies continue to invest in fleets, the parking situation will only worsen.

Let us know what else needs to be added to this list of outgoings.

The art of (not) parking

Finding a parking place is one of the most stressful parts of any driver’s journey. Even when you find a parking space, it can come at a cost —?either in fees or, if you take a risk, as a fine later.?

But at this point, expenditure isn’t your biggest concern —?your employees are losing valuable time too.

Imagine being able to remove the need to park when you travel for work. Instantly, your outgoings for parking would drop to zero, and your employees then have more time to focus on work.

And this isn’t the only area where staff are losing time when it comes to company cars.

Claim back expensing time — increase your bottom line

The idea that business travellers have to collect physical receipts, take photos of them, and fill out an extensive form to claim back the money is outdated. If your expense process works this way for travel, your employees lose countless hours of working time every year through admin.

This is why now is the time to refresh your company’s corporate ground travel offering.

More time, fewer expenses —?at home and abroad

Taking a new approach to your team’s ground travel saves everyone valuable time —?helping them to focus on more critical tasks. This comes in addition to cutting costs and creating a smoother expense process.

And with a sustainable mobility partner like Bolt Business, you can give your team the comfort of knowing they have a familiar way to travel when work takes them across borders.

Onward travel, sorted

The first step out of the airport in an unfamiliar city is often the most daunting: you’ve reached the right city, but now you must reach your final destination —?a meeting point, or your hotel.

Being uncertain about your onward travel adds unnecessary stress to the trip. This is especially challenging in a foreign country where you don’t know the local language and aren’t sure how much the trip will cost.?

All of a sudden, an exciting business trip becomes a headache.

Yet many companies still haven’t sought to make things any easier for employees who need to travel for business.

Removing this stress is as simple as allowing your team to use the same means of transport they used to get to the airport — this you can do with?Bolt Business .

Bolt Business is now available in 45 countries and 500 cities across the world. So, no matter if business takes you to Germany, Sweden, or the UK, your team can use the same app to get a ride.

It’s time to look beyond the company car

Removing the stress and endless list of expenses that come with company cars will improve your team’s productivity and overall well-being.

To make this happen, you need to start looking beyond the company car.

Bolt Business gives your team a more convenient, sustainable, and affordable way of travelling for work. Your team can book a ride, prepare tasks in the car, and jump out at their destination — all without the added stress of finding somewhere to park (and risk running late).

And when it comes to payment, reports are fully automated, and you can even pay for all trips with a single monthly invoice. Your team can then be more productive with their time, and your outgoings will be much easier to manage.

Speak to our team today ?to learn how Bolt Business will work for you.