Equipment rental software is an ideal software product for the rental company. The software, which is applicable for any sized companies in the equipment rental market, is a complete rental software package that helps you process bookings, scheduling and invoicing of equipment rentals. With an easy-to-use, dependable, and industry approved ERS tool you will be able to run your equipment rental business more efficiently.
Key features equipment rental software
A good equipment rental software product has the following offers for equipment rental companies.
- It has the ability to write and track work/repair orders, and handle warranty issues
- It has flexible, automatic billing, customized by customer for any period of time
- It has the ability for complete job site tracking
- It can do complete tracking of all meter, fuel, cleaning, damage charges, and damage waivers
- It also has the complete pinpoint tracking of all maintenance history including parts, labor, etc.
- It can perform preventative maintenance scheduling
- It maintains complete parts inventory, sales, reordering, and tracking
- It can track serialized equipment
- it can keep track of Original Costs, Selling Costs, Maintenance Costs, Utilization, ROI, and much more
The common benefits
Equipment rental software usually has the following benefits
The ERS product will greatly help you manage products, inventory, customers, transactions and Point-of-Sale (POS) and Rental Operations (hourly & daily periods).
With the help of the software you will certainly be able to attract new clients and thus increase in revenue (and profit). If you implement the software in your business you will be able to show your maintenance procedures and convince them that better maintenance results in less down time.
It will increase revenue per employee. The rental management software will make the information available to you as well as to your employees. With information available at the fingertip, your employees will be able to work more productively. As a result the fewer employees will be required to meet the service requirements of your clients.
The rental management software will undoubtedly reduce maintenance cost. The software works to do regular scheduled preventive maintenance, which will dramatically reduce the chance of major repairs. Thus, the software will help to maintain better fleet performance, less down time and longer useful life.
It will help reduce capital expenses. With the knowledge gained from the utilization reports, you will be able to reduce the inventory of equipment not producing and increase the inventory of items that “turned” quicker. It will indirectly help you reduce the capital value of your fleet.
The software will help you make better decisions. Rental management software will help you monitor everything closely and, as a result, you will be able to make better decisions. The software will present all data before you and make it possible for you to make decisions accordingly. The software tool will help make decisions concerning the following issues.
- Which category of equipment returns the most revenue?
- Who are the customers with the best/worst pay record?
- Which quotes am I winning/losing?
- In which categories do I have more equipment than I need?
- Should I buy more equipment?
- Should I overhaul the engine or replace the equipment?
- Which category of equipment falls short of revenue goals?
- What is my maintenance cost vs. revenue?
- Who are my best customers?
The software tool will help you keep mental peace. It wholly automates rental business and, as a result, you will have better control on your employees, who will make the right decision without your personal presence. So, you will know that your business is running the way you wish even when you are not physically present.
So, introduce equipment rental software into your business and make profits from your equipment rental company.