Wheels, Inc., was selected by International Data Group’s CIO as a recipient of the 2017 CIO 100. This prestigious award recognizes 100 organizations around the world that have distinguished themselves by creating business value through the effective and innovative use of IT.
Wheels was honored for its inventive software-as-a service-solution that supports its industry-first Reimbursement program. By applying advanced concepts to existing Wheels technology, the company created a new offering that allows drivers to use personal vehicles instead of company-provided vehicles, while still accessing appropriate services utilized by their organization’s fleet of leased vehicles.
Wheels created new applications leveraging business intelligence and data analytic tools to build a reimbursement program that is easy for clients to successfully set up and manage. The program uses machine-learning and pattern-matching algorithms to automatically determine market costs for each driver’s situation by zip code, enabling companies to provide fair reimbursement rates for driver expenses while controlling costs. In addition the program uses driver mileage entries to learn if drivers are properly documenting business travel miles for IRS reporting.
“We are extremely honored that IDG has recognized Wheels’ innovative use of technology and the significant value our platforms deliver to our clients,” said Tim O’Hara, Chief Information Officer at Wheels. “Our Reimbursement program is the first truly integrated solution through which clients can manage their reimbursed drivers using the same tools and support resources that were previously available only to company-provided vehicle segments. Customers now have new options to make their workforces satisfied and productive while increasing control over risk and costs,”
Winning companies will be recognized at The CIO 100 Symposium & Awards Ceremony, to be held August 16th in Colorado Springs, Colorado. Coverage of the 2017 CIO 100 Awards will be available online at CIO.com on August 16, 2017 and in the July/August issue of CIO’s digital magazine.
Wheels, Inc. was established in 1939 as the world’s first automotive fleet leasing and management company. Seventy-seven years later, Wheels is one of the largest privately-held companies in North America, featuring a portfolio of more than 325,000 vehicles under management across the continent, capabilities in 54 countries worldwide, and a client base that consists of some of the best-known businesses in the world. In addition to vehicle acquisition and leasing, Wheels provides numerous specialized services that help all sorts of organizations manage their fleets. These include driver/vehicle support functions like maintenance management, fuel cards, and registration processing, as well as strategic account-level consultation to drive optimal fleet efficiency and measure results. For additional information, please contact [email protected].