Your Choice of Rental Software Can Make a Difference to Your Bottom Line

Over the past several weeks I've received numerous emails concerning the subject of rental business software, so I thought I would take the opportunity to address this issue.

One of the most consistent problems I see with companies that are experiencing financial difficulty is the lack of quality, timely and accurate information to manage their business. So maybe it's time to evaluate your rental software needs.

When looking for rental software, try to find one that combines both a rental package and an accounting package. This eliminates the costs of back-office personnel and, since these are usually live systems that automatically post your accounting systems, there is no delay in receiving timely information and financial statements.

In these difficult financial times, you need to have a system that provides you with accurate information quickly so you can make the right calls. Make sure the system can do work/service orders, track parts inventory and your equipment at work or waiting for work. It should have a robust set of usable management reports. It must interface with Excel.

When looking for rental software or changing your rental software, most of you look at cost first, but remember, you get what you pay for. If you're looking for a specific recommendation, please feel free to contact me at mfarley@equipone.net.

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