Setting optimal pricing strategies for your rentals is critical for business success. Charging excessively high prices means you risk diverting sales to competitors and losing out on customers. However, setting prices too low can mean slimmer profit margins or even difficulty in covering your production costs. In both cases, you risk the financial health of your business.
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Online shopping has been steadily on the rise and customers are increasingly relying on online resources to make their regular rental and purchase decisions. As trends towards more and more consumers starting their customer journey online, it is important to establish a strong digital presence to gain a competitive advantage while significantly increasing the customer base.
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Rental workflows can get complicated when it comes to applying multiple taxes to your transactions. EZRentOut now offers a simplified way to apply multiple taxes with a new feature – Tax Groups.
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Offering your customers convenient, secure, digital payment solutions is a great way to enhance sales and strengthen your business. Integrated payment solutions play a key role in streamlining payment processes at your busy rental business.
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Tracking asset depreciation is an essential business function and EZRentOut makes it simple. Use the comprehensive asset depreciation functionality to track and manage depreciation across different asset groups, draft reports on that data and turn that data into actionable insights.
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The EZRentOut team is committed to rolling out new features and enhancements that enable better, faster asset tracking for you. Get off to a great start this year by trying out the latest upgrades.
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EZRentOut has introduced a new capability to the powerful Custom Reports feature. Now you can plot selected data from Custom Reports and generate insightful graphs making it easier to interpret large datasets and extensive reports. Whether you want to do a comparative analysis or look at trends across the organization, you can use graphs to display information for internal use as well as outside the organization.
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Terminals for Stripe and EZRentOut enable point of sale (POS) transactions when your customers rent out or return the items. By integrating EZRentOut with a Stripe payment gateway, you can now charge the credit card payments at the POS terminals easily. As we have provided the terminal support by Verifone P400, you just have to enable Stripe terminal, connect it with EZRentOut and make the transactions.
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Rental asset management systems have a major impact on the way rental companies do business, create value, and collaborate with other entities. Keeping track of reservations and rental gear is a part of everyday logistics for rental businesses.
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For large teams collaborating on tasks or events, EZRentOut now offers the ability to set a date alert in phases. This feature enables you to send multiple notifications regarding a particular event or task. These reminders can be sent to users associated with Groups and Locations to facilitate tasks and provide full visibility.
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