New Jaama product to open up salary sacrifice schemes to smaller fleets
The software provider has developed a "customer dashboard" that can be used by contract hire and leasing companies to offer a range of online services to end-user fleets including a salary sacrifice option.
The dashboard is based on Jaama's Key2 software, which already takes direct feeds from CAP covering every single piece of data relating to new cars including list price, options, MPG and CO2 figures. By providing this data to their customers, leasing firms can enable them to gain direct access to a complete overview of operating and tax costs alongside a raft of new informative features that enables them to analyse their own fleet through a wide range of customised reports.
Importantly, it can also be used by leasing firms to provide a salary sacrifice option. Drivers can use the system to make their own company car salary sacrifice calculations against their employer's fleet policy criteria. Additionally, online calculators enable drivers to discover their Benefit-in-Kind tax burden and whether or not they should be in receipt of employer paid-for fuel for private use among a raft of other useful features.
Jaama says that the new sofware can be used by smaller contract hire and leasing companies, which may not have the resources available to develop their own online services, including for salary sacrifice.
Managing director Jason Francis said: 'Company car salary sacrifice schemes can be expensive to establish and administratively cumbersome, which means they are typically the preserve of larger contract hire companies and large employers which have the resources and potential customer base.
'However, our customer dashboard development opens the door to small and medium-sized leasing companies to offer company car salary sacrifice schemes and smaller employers to introduce them because it delivers a self-help solution directly to employees.'For more of the latest industry news, click here.