PHH Arval has introduced PHH E*Toll Funds Management, designed to give companies a uniform means of paying and tracking toll expenses incurred by their fleet drivers, as well as reducing violations costs resulting from E*Toll accounts without enough funds to cover toll charges, the company said.
According to PHH Arval, the new service eliminates the need for drivers or managers to use their personal or company credit cards, or expense E*Toll account funds. Instead fleet managers can track actual fleet spending via PHH and pay for the expenses through consolidated billing.
“This is a fleet management challenge that has plagued companies for years,” said Bill Jones, PHH Arval product manager. “Clients who have been piloting this program with us are getting better reporting and reducing the number of fines, which has a positive effect on overall fleet costs.”