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 Along with a myriad of other statistics around the impacts of disconnected and outdated systems, this furthers the notion that the more behind you fall with your rental management software, … Continued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
When you’re in the margin-sensitive and hyper-competitive equipment rental business, having access to a real-time, accurate view of your inventory, rental bookings, finances, servicing, field tickets, and other areas of your operation are becoming non-negotiable to profitability and survival. It’s common for a newer or growing equipment rental organization to acquire a set of tools … 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
The medical equipment rental sector is rapidly growing, with an increase in demand for medical equipment from care providers like clinics, labs, and hospitals. For medical rental businesses, there is more need than ever for instant access to accurate information and efficient management of assets. If your medical equipment rental business is still using separate … 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
Building customer loyalty for your equipment rental business is a complex but critical process. Because customer experience and loyalty center around how a client feels about your company, it can seem like there’s a lot left up to psychology or luck. It’s also a bit more challenging to calculate ROI on the efforts that go … 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
When it comes to choosing your accounting software, the decision may not always be clear-cut. How do you know what will be a good fit for your business with so many options on the market? There are many factors to consider—and not all equipment rental software companies will be forthcoming with the information you need … Continued
