Recent Gartner research shows 91% of IT executives reported that ‘technical debt’ derived from legacy systems contributed to their company’s inability to execute business strategies. Along with a myriad of other statistics around the impacts of disconnected and outdated systems, this furthers the notion that the more behind you fall with your rental management software, … Continued
After years of pivoting and constant challenges, the equipment rental industry is finally experiencing steady growth and unprecedented demand. According to the American Rental Association (ARA), the equipment rental market is forecasted to grow 3.4% in 2023, thanks to major increases in the construction, mining, medical, and oil and gas sectors. These numbers are aligned … Continued
If your business rents equipment, whether heavy construction, medical, trucks or vans, tools, or other equipment, it’s time to face the fact that you need a much better way to track it than an Excel spreadsheet. Sure, spreadsheets are great tools for managing certain data pieces, but they fall significantly short when it comes to managing rental equipment. Read on to find out why and what … Continued
In February 2020, equipment rental companies had no idea what lay ahead. Those who’ve stayed afloat got a baptism by fire into how efficiency makes the difference between failing, surviving, or thriving. As the economic uncertainty continues, if your business is to ride the wave, wherever it goes, you need control and deep knowledge of … Continued
Technology is changing the way we do business in the equipment rental industry. The era of tethered workstations to write up contracts or a face-to-face discussion and handshake with each transaction is gone. The rental industry has turned to technology to increase efficiency, save time and money, and capture the ability to meet and serve … Continued
If you find yourself regularly searching the internet for workarounds to make your different equipment rental software systems work together, there’s a good chance your current infrastructure for managing your rental equipment, business financials, inventory, and reporting are not working that well together. If your existing systems are causing you and your staff headaches and … Continued
If you own or work in an equipment rental company, you know changes happen constantly and with little warning. Rental companies that want to stay competitive must prioritize supplying the best rental offerings and superbly maintaining them while finding ways to avoid additional costs whenever possible. It’s no easy feat. Along with staying on top … Continued
As an owner or operator of an equipment rental business in North America, you know how important it has been for your company to stay agile and evolve with current market trends and new industry technology. The rental business is already a challenging sector to stay ahead in, but after the recent worldwide pandemic shutdowns … Continued
To operate effectively, most rental companies require a way to communicate electronically and exchange data quickly with vendors and customers. Obtaining or providing critical information from and to customers—such as current or obsolete part numbers, pricing, and warranty claim information—can often be the factor that puts some rental organizations ahead of their competitors. Traditional Data Exchange Processes Cost More Time and Money Traditionally, this information was communicated on paper, usually in the form of purchase orders and invoices. The buyer … Continued
