The best online rental software for your rental business
Rental businesses can be difficult to run. There are so many concerns that need to be met with diligence and efficiency. Trying to work out rental trends, off-season pricing, ensuring your equipment is in top shape, and trying to carve out a space for yourself in the burgeoning industry are all tough jobs to handle.
With so many cloud computing options available, rental business owners can often get confused about which rental software features they should be prioritizing in order to give themselves the best chance of success. Below, we’ll outline some major features you should be on the lookout for when shopping for the best online rental software. These will not only help you lower overheads and increase efficiency, but will also open up a lot more time for you so you can focus on being the best rental store around!
Rental Management Software and the Rental Industry
Rental management software can be a brilliant tool to utilize if you want a bigger slice of the rental industry pie. According to the American Rental Association, the forecast for the increase in revenue of the equipment rental industry still stands strong. The revenue forecast predicts a 5.6 percent growth in revenue to $47.9 billion in 2016. Revenue is projected to grow another 4.9 percent in 2017 and reach a record $55.6 billion in 2019. The industry’s growth forecast is double that of the overall economy.
“The equipment rental industry continues to grow at a fast pace with strong equipment rental demand within all markets,” says Christine Wehrman, ARA’s executive vice president and CEO.Continue reading →
Thanksgiving has traditionally been a day for family, turkey, and football, but increasingly retailers are viewing the holiday as a chance to kick the Christmas shopping season into high gear. Retailers get a hard time getting every order right every year in the busiest time of the year.
From managing orders, tracking customers and users, recording all those invoices to making sure that the data is secure, everything is a mess. But we’ve got a solution for retailers – let online rental software do all that and more!Continue reading →
Financial transactions and exchange of goods have been drastically revolutionized ever since big brands like Amazon, Ebay and PayPal have stepped into the market. People are increasingly relying on ways to shop and pay online. There is hardly any industry or business that is still stuck to the old ways and has not yet moved online. The rental industry is no exception, looking for an efficient equipment rental software that has it all. Continue reading →
Equipment availability and reliability comes first when you are in a rental business. Equipment rental management can be pretty tough for businesses. Not only must they ensure all their tools and equipment are well maintained with optimized working efficiency, but they must also have a fail-safe system to keep track of asset availability and customer history. Above all, businesses need to manage all costs and expenses efficiently.
One way SMBs are saving money is by looking at their capital and operational expenses and considering the purchase of different tools which could help smooth out their workflows and streamline their processes. A great way to cut expenses and increase ROIs in this sense would be subscribing to an all-rounder equipment rental software.Continue reading →