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Rental Equipment Availability and Reliability

When it comes to measuring rental asset performance it isn't all about Asset ROI and asset financial data. The rental equipment management system will also help you track the more physical metrics around rental equipment availability and rental equipment reliability. This stems from accurate tracking of non-available days, maintenance (both planned and adhoc servicing requirements), and defects.   You can also use the system to track warranties and warranty repairs if you wish. We believe this creates the full combination of financial and physical asset management functionality you need in a comprehensive Rental Equipment EAM solution.

 

The multi-company, multi-location functionality which drives the rental system allows you to compare different categories of equipment, outlying assets and different manufacturers across your business to identify issues around reliability and availability problems caused by slow maintenance reaction times etc. 

Enterprise Asset Management for Rental Business and Construction Industry
Managing the asset lifecycle using rental EAM software

#1 - Fully integrated with Procurement, purchase approval, rental, sales & workshop processes to allow for full rental EAM asset-lifecycle inquiry and reporting including build up of rental asset ROI data

 

#2 - Multiple Asset registers for differing statutory, bank and management depreciation policies. All Asset Registers fed automatically to deliver best practice for rental asset management software and a complete Rental EAM Solution

 

#3 - Integrated Maintenance & work order processes including automatic revaluation, capitalization of maintenance, componentization of large value parts and cost auditing. 

 

#4 - Ability to include true GPS or telemetric device tracking including integration of machine hour readings for rental charging and equipment maintenance purposes

 

#5 - $ Utilization and Time utilization tracking across your equipment fleet allowing for asset based profitability and ROI reporting to measure rental asset performance

 

#6 - Complete Rental and Fixed Asset history created for both physical and financial events with the ability to reinstate previously sold assets, lost assets and provide after-sales service

 

#7 - Management of inter-branch and inter-company transfers for rental fleet items including depreciation recharges and currency exchange for inter-company transfers. 

 

#8 - Manage Uniquely identifiable, serialized, bulk, batched and non-quantity items (eg delivery) across all rental equipment management, sales & purchasing modules with the ability to define level of history and additional information captured for each type of equipment

 

#9 - Complete rental process management including return of equipment to vendors at the end of a rental agreement if the equipment belongs to a third party, or return into your own fleet with the associated maintenance and repair processes that this may require. 

 

#10 - Integration to external systems such as Oracle, SAP and JDE for Asset register integration via our SOA Platform. Find out more here

10 Key Benefits of Utilizing

Enterprise Rental Asset Management 

Software

Rental EAM Software to manage both physical & financial information around your assets. Fully integrated Asset Register, complete visibility of ROI, Utilization and Cost information across your equipment and rental fleet. Enterprise Asset Management specifically designed for rental equipment.

Enterprise Rental Asset Management Software

From Purchase to Disposal: Total Rental Asset Lifecycle Software

Managing $ and Time Utilization

Key Rental EAM Software Features: 

 
  • Depreciation

  • Revaluation

  • Procurement

  • Disposal

  • Re-rental

  • Componentization

  • Losses & Scrap

  • Used Equipment Sales

  • ROI, Cost & Revenue Tracking

  • Fully integrated Asset Register

  • Additional Asset Registers for reporting: bank, tax, etc

  • Physical & Financial History

  • Utilization history

  • Inter-branch transfers

  • Inter-company transfers

  • Maintenance

 

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Enterprise Rental Asset Management Solutions

Best Practice for Equipment Asset Management: 

 

Can you answer these essential questions about your equipment - whether its your IT equipment, your rental fleet or your workshop machines?  

 

  • Where is it? 

  • Who is it?

  • Is it being Utilized?

  • Is it Safe to use?

  • What did it Cost to buy?

  • What are the Running Costs? 

  • Has it been lost?

  • Who is paying for it?

  • How are they charged?

  • Do we need it? 

 

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