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MileIQ

Score8.2 out of 10

2 Reviews and Ratings

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What is MileIQ?

MileIQ provides automatic mileage tracking for deductions and expenses. It can be used by self-employed workers looking for a mileage deduction or large companies that want to get a handle on mileage expenses reports, and is presented as automatic, easy and accurate, by the company of the same name in San Francisco.

Categories & Use Cases

Key Features

Learn about the best (and worst!) features MileIQ has to offer, as determined by TrustRadius' reviewers.
Based on 2 ratings of MileIQ's features
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Top Performing Features

  • Payment Audit Trail

    Allows admin users visibility into the entire payment process, from receiving the expense claim or invoice to the payee receiving payment.

    Category average: 8.4

  • Employee Expense Reporting

    Allows companies to track employee expenses to make cost-effective decisions.

    Category average: 8.4

  • Customizable Approval Policies

    Policies for different types of approvals can be customized, sent to multiple approvers, automatically approved, etc.

    Category average: 8

Areas for Improvement

  • Financial Document Management

    Invoices, expense reports, and associated documents are stored within the platform for any future needs.

    Category average: 8.3

  • Advanced OCR

    Automatically imports information from invoices, receipts, expense reports, and other scanned documents into the platform.

    Category average: 7.8

Reviews

What users are saying about MileIQ.
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Great cost-effective and simple mileage tracking service

Incentivized
Verified User
Manager in Information Technology (201-500 employees employees)

Use Cases and Deployment Scope

We use MileIQ to track business trip mileage for our team of field analysts and technicians for expense reimbursement . In the past, the techs needed to track their own trips manually, using a calendar to list daily appointments and google maps to estimate distance to then be itemized on the expense forms.

Pros

  • Accurately tracks trips
  • Simplifies categorizing each trip
  • Easy to run monthly reports for totals

Cons

  • Integrate the paid version's admin console into the phone app for easier management.

Return on Investment

  • Reduced the amount of time it takes for employees to process their monthly mileage expenses between 85-95%
  • Far more accurate trip tracking through GPS vs. calculating estimated mileage post-trip using Google maps.
  • Cuts down significantly on the time it takes for expense approvers to review their team's monthly mileage reimbursement.

Usability

Other Software Used

Adobe PhotoShop, Adobe InDesign, PaperCut, Paylocity, Printanista

MileIQ - the name is exactly how it operates

Richard Bondy
Managing Director in Corporate at LawsonIT Resources (1-10 employees employees)

Use Cases and Deployment Scope

Tracks all business mileage and produces consistent reports across all employees. We presently have 3 users that submit mileage for reimbursement. It integrates well with Dext - our expense report management system. Easy to reconcile at the end of every month, with very detailed trip logisitics.

Pros

  • track mileage very accurately
  • easily categorize business versus personal trips
  • reports are quite simple to generate and forward to DEXT
  • settings are easy to set-up for proper government approved mileage rates

Cons

  • For our limited purposes - there is nothing missing - it does it's function of tracking, calculating mileage costs and reporting very well. Do not need anything else.

Return on Investment

  • Very automated, less than 10 minutes a week to categorize drives, another 10 minutes at the end of the month to create a report. Easy and efficient use of employee time.
  • Easily integrates with our Expense Management System and Accounting packages
  • No manual intervention at all required by employees - no tracking required on their part.

Other Software Used

Dext Prepare (with Receipt Bank), Xero, Wagepoint