According to the NICB report, heavy equipment is two times more likely to be damaged and five times more likely to be stolen. This makes equipment theft protection crucial because rental businesses that incur these losses can be burdened with large and unaccounted expenses. The high cost of replacement and the revenue lost from current orders because of the unavailability of equipment can easily result in lower profits for the business.
The EZRentOut team has rolled out some exciting new features and enhancements in the past few months. As part of our commitment to ensure improved security for your accounts, enable you to easily communicate Order-related details to customers, and efficiently manage multiple store listings on the Webstore.
In this article, we’ll guide you on how to integrate EZRentOut with Azure Active Directory (AD). When you integrate EZRentOut with Azure AD, you can:
Choosing the right equipment rental software is an important decision for your rental business. In today’s highly competitive business environment, you have a wide range of software purchase options – both from feature and cost standpoints – that can directly impact your success and growth.
There are multiple factors to consider to help ensure a sound investment in equipment rental software that is the right fit for your business needs.
Here are some useful tips that can help with decision-making:
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Construction businesses handle various projects, all of which need various kinds of equipment. Whether it’s a bulldozer, backhoe, or scaffolding machine, machinery is always a significant investment. This is why renting heavy rental equipment for the duration of the project can be a practical and cost-effective solution that prevents heavy rental equipment accidents.
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A tool rental business can cater to a broad customer pool, ranging from DIY home project enthusiasts to construction companies. Renting tools and equipment can be an economical option compared to buying and propelled by these trends, the tool & equipment rental industry has grown to $4.4 billion and is expected to grow by 0.8 percent in 2022.
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The EZRentOut team rolled out some exciting new features and enhancements in the past few months. As part of our commitment to enabling seamless individual and B2B customer management, new enhancements enable you to easily convert individual customers into business customers and navigate between them. In other updates, you can create time-specific custom reports and stay updated on important dates.
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Efficient customer management is a critical element of EZRentOut as it equips rental business owners with the features and requirements to seamlessly manage their individual and business customers. As businesses and customers grow, their roles and associations change, requiring rental business owners to shift gears and provide a higher level of support to maintain long-term relationships.
The American Rental Association has forecast an 11.1 percent increase in equipment rental revenue and projected that the construction and general tool segments will reach nearly $56 billion this year. While these are encouraging numbers, your equipment rental business profitability depends on more than just a growing market.
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Growing rental businesses can benefit from quick and actionable information on key business aspects. For example, you may want to see how much sales and profits increased during the peak season.
This is where the customized rental dashboard of your rental software can be pivotal to growth.