How to Grow Your Equipment Rental Business with Less People

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Every equipment rental business is battling the pressure of a possible recession and facing the same conundrum: how do I grow my business strategically without hiring more people for everything? Hiring more people presents risks and costs that aren’t well-timed in periods of economic uncertainty. And no matter the state of the economy, it’s always … Continued

Why Outgrowing QuickBooks is a Good Problem for Equipment Rental Companies to Have

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Many businesses, including equipment rental companies, initially choose QuickBooks for the same reason they eventually outgrow QuickBooks: it offers simple and basic bookkeeping.   QuickBooks also performs a variety of other basic functions, including invoicing, expense tracking, and payment acceptance, which are useful for equipment rental equipment companies transitioning away from spreadsheets or manual bookkeeping processes.   … Continued

Managing Your Equipment Rental Business Profitability: Are You Tracking the Right Rental KPIs?

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It’s impossible to make a qualified decision about the direction and health of your rental business without complete visibility into your performance. Although many rental companies understand what data or reports they need to see every month from a financial perspective, other layers of equipment rental business profitability and performance measures should be tracked and … Continued

Open Door Announces New Equipment Rental Management Capabilities

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Press Release: Equipment Rental Software Solution Provider Releases Highly Anticipated Rental Management Capabilities with New Customer-Centric Features ALBERTA, CANADA — In response to the growing and changing equipment rental market, Open Door Technology announces the release of two eagerly anticipated new software features in their ODT Rentals product: the Visual Rental Availability Calendar and the … Continued

Cybersecurity Strategies to Protect Your Equipment Rental Company

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Cybersecurity is an important aspect of protecting your business, your employees, and your data. The more work we do in a digital environment, connected to other people and systems around the world, the more critical security is. Cybersecurity attacks are all too common, and there are always people looking for weak spots in systems to … Continued

Mobile Equipment Rental Software: Tech Trends Spotlight

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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

New Enhancements in the Spring 2022 Dynamics 365 Business Central Release Wave 1

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In the latest release of Dynamics 365 Business Central, Microsoft continues to invest in improvements that can help you be more productive, faster. The new features and minor fixes in the Wave 1 release will roll out between April and September 2022. We think you’ll like this update that focuses on simplifying administration actions and fine-tuning daily … Continued

Equipment Rental Software—Cloud ERP: Tech Trends Spotlight

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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

Understanding Equipment Rental Management Systems: ‘ERP’ vs. ‘Software’

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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