Every year, we see some awesome innovative advances in technology which include software integration solutions for many different industries and the feedback from these is usually really positive. The new rental management software that has integrated everything from the customer query to implementation and costings of the project is definitely getting the thumbs up from industry experts.
Getting to the place where everything is in one system can be tricky to get to in your head as you will be used to having software for contract generation, one for project management and even one for tracking of equipment. Here, we are going to tell you a bit about equipment rental management software that your business could be utilising. Keep reading to find out more about this.
What Can It Do For Your Business?
It is important that the accountable people in the company have full visibility of where customer orders and implementation of these are, step by step. This software solution starts from the very beginning. When a requirement is generated to initiate a quote, this software will support doing this for you based on the resources required and will give you visibility of how this should cost you in terms of overheads etc. You will also find that it can support generating a quote to the customer.
There are clearly some human interactions here where you can put in specific issues or additions but also make amendments. Once the invoice is generated and hopefully, the client has agreed on the costs, this software manages the rest for you. You can project manage which includes tracking the dispatch and whereabouts of all the equipment. This is all done in real time with tracking solutions so that at any one time you are capable of seeing the exact status of all of the equipment.
What Are The Benefits?
Using equipment rental management software can then allow you to review the finances in very different formats. You can see that on an individual basis what profit margins (or loss) you are making but you can also look overall at the data and slice and dice this as much as you want in order to see monthly progress or even finances per a department. This clearly then helps you make decisions on your business strategy and potentially make adjustments based on the real-time data.
Implementing New Software
People can be nervous about integrating new systems as they are set in their ways and used to the way they work, however, taking a leap of faith in one of these solutions could prove to be a sensible move. This system offers the full package starting at quotations, reservations, deliveries and invoicing payments. Trial opportunities also exist for people who are apprehensive and want to give it a go and see if it would work within their company dynamic.
Now that you know everything that you need to know about equipment rental management software, you can think about implementing it in your business.
