Every equipment rental company must remain competitive while remaining productive and profitable. Poorly managed assets do not provide the leasing company the best return on its asset investment and can cause the company to lose profits in the long run.
Equipment rental software can streamline all aspects of asset management for equipment rental companies, including those with multiple locations. You can also get information about rental equipment software via the web.
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Generate rental equipment and reports
One of the most important aspects of leasing equipment is the location of the equipment and how it will be used. Rental software can create tables that analyze how each device is used, including how often it is rented and for how long.
This helps maximize profits by showing which parts are not big tenants and which parts are frequently rented out.
Follow the necessary support
If some equipment is in the rental yard waiting to be repaired, it doesn't help make a profit. If mechanics are not aware of any faulty equipment, it can take months to prepare spare parts for rent back.
Rental software can manage all aspects of maintenance by providing automatic notifications of upcoming maintenance work when an equipment is registered from work.
The software also allows employees to log in and see what equipment or tools are needed for a job. So if spare parts need to be ordered, this can be done in the equipment maintenance schedule.
With integrated rental software, units, components and inventory are easily managed and invoiced.