Teletrac Navman announced FTC Manager, an innovative solution for automatically calculating and claiming monthly Fuel Tax Credits (FTC).
SYDNEY, Australia, 21st June 2017 - Teletrac Navman announced FTC Manager, an innovative solution for automatically calculating and claiming monthly Fuel Tax Credits (FTC). Created in collaboration with PPM Tax & Legal, FTC Manager enables businesses to streamline claims, saving valuable money and time.
“This comprehensive solution is the first of its kind, revolutionising the way fuel tax credits are claimed. We’re excited by this capability and look forward to helping businesses claim all the money they’re entitled to,” said Ian Daniel, Vice President Asia Pacific at Teletrac Navman.
FTC claims typically require businesses to provide detailed spreadsheets of fleet data, with final rebates broken-down by accountants. This practice is time-consuming, costly and often inaccurate, based on sample data or estimates and leaving substantial claimable money on the table every month.
Using real-time monthly GPS location data, FTC Manager accurately and automatically calculates off-road fuel consumption, off-road idle time and auxiliary fuel usage to help businesses claim high-value fuel tax rebates, delivering measurable return on investment. The system provides unparalleled accuracy by automatically classifying the entire Australian road network as either on- or off-road.
“We’ve always manually calculated the sums for each account, with our accountants relying on the safest percentages. Working with PPM has helped a tremendous amount, and all we had to do was supply our information and the process was improved significantly,” said Danny Forbes, General Manager at Roma Transport.
“We feel FTC Manager will make this process even more efficient, using real data to streamline the way we claim rebates and helping to put more money back in our pocket,” said Forbes.
Customers using Teletrac Navman’s unique solution will have access to three service tiers, with Silver and Gold users supported by PPM’s extensive knowledge and expertise in obtaining maximum fuel tax refunds for its clients. Gold users will also have the added benefit of PPM preparing a retrospective 4-year claim on their behalf using data generated by FTC Manager. Even if you have done a retrospective claim before, this could yield a substantial additional windfall and ongoing benefits. This flexibility and support will enable businesses to maximise their claim potential with full transparency and audibility.
FTC Manager is the most comprehensive automated FTC solution available on the Australian market, and is supported by an ATO Class Ruling, reducing audit risk and allowing businesses across a range of industries including transport, construction, mining and gas, government and agriculture to fully maximise heavy vehicles Fuel Tax Credits on an ongoing basis.
About Teletrac Navman
Teletrac Navman is a leading software-as-a-service (SaaS) provider leveraging location-based technology and services for managing mobile assets. With specialised solutions that deliver greater visibility into real-time insights and analytics, Teletrac Navman helps companies make better business decisions that enhance productivity and profitability. Its fleet and asset management technology uncovers information that would otherwise go unseen, helping customers reduce risk and confidently move their business forward with certainty. It tracks and manages more than 500,000 vehicles and assets for more than 40,000 companies around the world. The company is headquartered in Glenview, IL, with additional offices in the United States, United Kingdom, Australia, New Zealand and Mexico. For more information visit www.teletracnavman.com.au
(02) 9469 5700