Managing inventory, tracking equipment maintenance, and performing many back-office functions are a staple in running business operations. You can’t afford to miss any of these if you are to streamline the equipment rental management process and make sound decisions. This is why equipment rental software is here to help you effectively oversee equipment rentals, from cataloging equipment, handling rental reservations, accepting and scheduling equipment servicing, and managing maintenance.
11+ Equipment Rental Software
2. Point of Rental
7. Asset Panda
8. Rain POS
9. Windward System five
10. Amber POS
12. Current RMS
What Is Equipment Rental Software
Equipment rental software offers business tools for companies to help them run and organize their operations. Rental-based businesses can leverage this software to manage inventory, track equipment maintenance, and perform back-office functions, like accounting.
No matter your business size or type of rental business, the features of equipment rental software brings tons of benefits to help you achieve operational success. By adopting equipment rental systems, you can automate equipment tracking and availability, setting maintenance reminders, and autogenerate customer communications. This will free up your operators to spend more time training employees and checking in on customers.
Another important benefit is increased transparency, as equipment rental software has specialized reporting dashboards to give you a customizable view of the status of your company’s equipment. And, more importantly, this software decreases equipment downtime.
Equipment rental software helps manage equipment rentals for any purpose, may it be in construction, events, recreational activities, etc. This type of software provides you with the necessary tools to help manage the front and back end of your equipment rental business. Key features include inventory management, order tracking, availability schedule, online equipment reservations, quoting and proposals, reporting and analytics, customer management, and more.
Top 10 Equipment Rental Software
EZRentOut is a cloud-based equipment rental software for rental businesses, with features including integration with Xero and QuickBooks, and an online storefront. EZRentOut has 10 employees and generates $2M in revenue.c
2. Asset Panda
Asset Panda is a cloud-based asset tracking and management platform that supports work order management, purchase order management, compliance management, check-in and check out, depreciation, service management, enterprise service desk solution, and more. Asset Panda makes $9.6M in revenue and has 66 employees.
Booqable is an all-in-one rental software that makes it easy to manage orders, inventory, documents, payments, and online bookings.
Rentman is a cloud rental software tailored for AV, event and production companies for inventory management, schedule crew and transport, and quoting and billing. Rentman generates $9.1M in revenue per year.
5. Rain POS
Rain POS is a could-based point of sale (POS) solution designed for automating inventory syncing, customer relationship management (CRM), repair tracking, and email marketing. In addition, this system also allows integration with eCommerce websites.
Flex is a coud-based rental and inventory management software that gives companies the tools and reporting capabilities needed to adequately plan and allocate resources for maximum efficiency. Flex has good reviews and ratings and makes $25.44B in revenue.
Rentle is a cloud-based rental management software that provides companies an opportunity to build an online storefront in addition to their physical store. What’s astonishing about this software is that it has an intuitive and easy-to-use interface that inspires a steep learning curve.
Alert is a rental management software system tailored to help small to large businesses. Features of Alert include ticket management, location tracking, stock adjustments, and staff assignment.
9. Windward System Five
Windward System Five is a full business management system for companies that sell, service, or rent inventory.
Texada is a rental management system designed for the full equipment lifecycle — from acquisition and maintenance to disposal.
What Goes Inside Equipment Rental Management Systems?
Within each equipment management system, equipment is cataloged into an inventory database, rental reservations are accepted and scheduled, and equipment servicing and maintenance are managed.
What Type of Expense Is Equipment Rental?
Equipment rental expense is an account in which it stores the year-to-date expense associated with renting various types of equipment.
Is Equipment Rental an Asset?
Rental inventory is a fixed asset and it is deducted as depreciation.
Using rental equipment software, you can manage all points of the customer experience and operational processes of your rental-based business. Are you struggling to oversee your equipment rental management processes? Equipment rental software is the solution you need.
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