Far Eastern ETC: Corporate ETC and Parking Fee Service Cuts Admin Costs by 90%

(Central News Agency, reporter Huang Chiao-wen, Taipei, June 4) Far Eastern Electronic Toll Collection (FETC) announced today that its corporate ETC and roadside parking fee payment service has surpassed 1,000 corporate clients and manages over 30,000 vehicles, slashing administrative costs by 90%. For employee business trips involving personal cars, the service eliminates late payment fines and paper-based processes, saving companies about 8% on related expenses.

Amid fluctuating oil prices and rising labor costs, companies are paying more attention to vehicle fleet expense management. FETC issued a press release stating that its "Corporate ETC and Roadside Parking Fee Payment" service, approved by the Taiwan Area National Freeway Bureau, fully digitizes the management of corporate vehicle-related expenses.

FETC pointed out that the traditional process for reimbursing company car parking fees was cumbersome. Drivers had to pay first and then submit receipts for reimbursement, or finance staff had to manually collect and pay each bill. This process was not only labor-intensive but also prone to lost receipts or late payment fines, increasing operational costs.

After adopting the service, FETC aggregates monthly reconciliation data for all vehicles, allowing companies to make unified payments and write-offs. This significantly reduces administrative and time costs while effectively preventing additional expenses from human error.

In addition to upgrading company car management, FETC noted that employees who drive their personal cars for business trips can also significantly improve their expense reporting efficiency by signing up for the personal "eTag Parking Auto-Debit" service for roadside and off-street parking fees.

FETC stated that the corporate ETC and parking fee payment service, with over 1,000 corporate clients and more than 30,000 vehicles managed, has become a key tool for driving corporate digital transformation by reducing administrative costs by 90%. Furthermore, it effectively eliminates late payment fines and paper receipt waste for employee business trip parking expenses, saving companies approximately 8% on related costs. (Editor: Kuan Chung-wei) 1150604