The module is the latest in a series of new applications announced by the telematics provider, following the launch of Masternaut Connect last year.

Available as a wholly independent module or as a component part of Masternaut’s Connect platform, the new app supports expense claims and compliance regulations and is designed to benefit the whole business from the finance department to individual drivers.

Cited benefits include quicker and more efficient processes due to automated mileage logging thanks to Masternaut’s patented technology, which reports exact vehicle odometer readings rather than using GPS-based calculations.

The new Masternaut Connect functionality also offers improved privacy options, enabling customers to select map-based routes or data-only services, in order to protect employee privacy outside of working hours.

Martin Hiscox, chairman and CEO of Masternaut, said: ‘Telematics has gone way beyond simply tracking vehicle whereabouts. The benefits span a wide range of business departments, and finance is no exception.

‘For many of our customers, handling tax and expense claims – often for thousands of drivers, and across multiple regions – can be a complex and time-consuming task. Masternaut Tax & Expense automates the processes involved, delivering intuitive reports quickly and easily. Above all, these reports can be modified to support customer priorities and local requirements – and in the minefield of local compliance and regulation, for many of our customers this will be where the true benefit lies.’