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
Every organization has unique needs when it comes to technology, and equipment rental businesses are no exception. Rental companies need to be able to track equipment in different locations, manage and schedule reservations, invoice customers, determine the equipment they should stock for profitability and customer demand, stay competitive, maximize profit margins, and more. In the … Continued
The equipment rental market is growing significantly, and with it is the need for equipment rental businesses to expand, scale, and stay competitive. To meet these challenges, many rental suppliers are looking to leverage modern technology that automates, centralizes, and scales their operations. By gaining better visibility on performance and finances, owners and management can … 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
Software for Equipment Rental Companies: Selecting the Right Technology for Your Business With e-commerce and remote work playing a larger role in operations, modern businesses have more responsibility to keep up with the pace of technology at an earlier stage of growth than the corporate giants that came before them. The need to stay competitive … Continued
Faced with rising competition, equipment utilization, and new customer demands, equipment rental companies are looking for a way to keep up with change while growing their business. Like most industries, many rental companies have traditionally relied on standalone systems and on-premise infrastructure to run their business. After investing in the software, hardware, maintenance, and often costly upgrades associated with them, they end up experiencing the headaches that come with … 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
The global pandemic has had a major impact on the equipment rental and event industry. While 2020 was a challenging year for everyone, rental companies are starting to see signs of recovery and improvement as COVID-19 restrictions lift. After recently attending a rental analytics webinar from the American Rental Association (ARA), we learned a lot … Continued
