Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
SlideShare a Scribd company logo

Rent IT

•
•
Cetas Information Technology Pvt Ltd
Cetas Information Technology Pvt Ltd

Rent It is a rental management software solution that provides comprehensive functionality to manage all aspects of an equipment rental business. It offers features such as reservations and allocations management, dispatch/pickup/returns processing, accessories and kit management, transport management, product exchanges, flexible billing, and utilization tracking. The software is built on Microsoft Dynamics NAV, which provides financial management, supply chain management, business intelligence and reporting, and customer relationship management capabilities required for equipment rental businesses. Rent It addresses over 20 specific industry requirements including safety equipment inspection tracking, wet rental timesheet billing, multi-country currency and tax support, and yield management.

1 of 4
S Figure 1 RENT IT - A SOLUTION FOR EQUIPEMENT RENTAL INDUSTRY
RENT IT Flexible solutions for your business needs Rental management software should cover all aspects of a rental business in a systematic way including Financials (GL, AR & AP), Equipment Servicing, and CRM and reporting functionality allowing rental businesses to achieve all their business analytics from within a single package. There are distinct industry requirements which need to be RENT IT SNAPSHOT managed within the software, with utilization as one of the most important. These special features include:  DYNAMIC ESTIMATE MODULE 1. Reservations and Allocations management based on differing  COMPREHENSIVE MINTENANCE MODULE contract durations and customer requests.  FLEXIBLE BILLING MODES  AUTOMATED JOB JOURNALS 2. Dispatch/Pick-Up/Returns Process Management with the  PRECISE LABOUR COSTING ability to manage partial dispatches and returns including asset  INTIUTIVE DASHBOARD TO TRACK YIELD tracking and signature capture on delivery / pickup.. VARIANCE 3. Accessories, Attachments & Kits including sale or return items  POWERFUL WORKFLOW FOR BETTER such as fuel. BUSINESS CONTROL 4. ‘In Lieu of’ or alternate items when equipment is not available  EXCEPTION REPORTING  INBUILT MANAGEMENT ALERTS as expected.  ASSET TRACKING 5. Transport management including ordering in outside haulage  INBUILT CRM FOR EFFECTIVE SALES and keeping track of revenue and cost against delivery vehicles. CAMPAIGNS 6. Product Exchanges and swap outs on live contracts  SEAMLESS INTEGRATION WITH MS OFFICE 7. Site Moves / Drop Ship & Relocations within live contracts 8. Contract Charging Profile determining when and how charging is generated including flexibility on excess hours charges, charging by hour / day / week / month etc. 9. Product Service Units and clock hour recording and maintenance triggers
Microsoft Dynamics NAV offers capabilities to meet the following business needs: Financial Management As the backbone of your business management solution, Microsoft Dynamics NAV accounting and finance solutions help you track and analyze your business information. With end-to-end integration, you can efficiently manage your general ledger, payables, receivables, inventory, analytical accounting, fixed assets, and cash flow as well as perform bank reconciliations and collections. You can also manage Your financial processes across multiple currencies, locations or companies. Supply Chain Management With Microsoft Dynamics NAV, you can tailor workflow processes to meet specific needs and 10. Bill Processing for long term rental contracts on specific cycles keep pace with competitive markets and low margins. Help increase customer loyalty with better continuation/recurring invoices, automated off-rent billing and responsiveness, rapidly pursue new market opportunities, and improve your profitability by additional charge management. working more efficiently with partners. Improve inventory management, manage single- or multi-site 11. Sale or Return consumables must be managed alongside warehouses, and handle order processing and demand planning. rental products. Business Intelligence and Reporting 12. Rent to Purchase or Rent to Own agreements with pre- Bring strategic insight into your business processes determined contracts to take ownership of assets at a specific with sophisticated reporting, analysis, and budgeting solutions that help you improve and point in the contract. propel critical decision-making throughout the organization. Direct access to real-time, business- 13. Product Revenue Accruals to provide revenue forecasts for critical information and a wide range of analytical and reporting tools can help you manage budgets, rental contracts not billed at month end. create and consolidate reports, and look for trends and relationships. 14. Product Utilization including Physical and Financial (dollar Customer Relationship Management utilization) must be recorded. Customer relationship management enables 15. Stock Locations and tracking of equipment between locations automation of many day-to-day tasks for sales, customer service, and marketing professionals. including inter-branch or inter-store transfers, and for larger Manage customer records and sales histories, create and launch marketing campaigns, and track businesses inter-company transfers. customer activity. Make service operations more profitable by organizing your service resources for 16. Cash Customers/Contracts with cash drawer or till optimum efficiency, forecasting and tracking parts consumption, proactively managing contracts and reconciliation and deposit management. service agreements, and gaining tighter control over costs. 17. Sub-Rent or Re-Rent management including the ability to Workspace Collaboration initiate rentals from third parties to cover contract obligations. Help people across your business collaborate effectively by expanding access to business 18. Product Service Inspection/Repair including the ability to applications, information, and Processes. In addition, you can use Microsoft Windows® trigger maintenance activity based on rental status, off-rent SharePoint® Services to help create workgroups and teams to generate discussion and exchange damage reports and clock hours or other service units. information related to specific interests and projects.
19. Operated Equipment or Wet Rental where operators are sent out with the machine or equipment, and the rental charges are based on a combination of timesheet and standard rental charges. This is generally referred to as Timesheet Billing. This is common practice in crane rental in Europe and in larger equipment rental in India and Asia. 20. The ability to manage Safety Critical Equipment or Safety Critical Plant including the recording of inspection and examination certificates. 21. Rental Rate Optimization and Yield Management For rental business’ working across country boundaries then additional special functionality may include multi-currency, multi-tax jurisdiction and multilingual needs. RENT IT Build on top of Microsoft Dynamics NAV offers all the above said functional needs of a rental industry with global standards. Microsoft Dynamics NAV has more than 60,000 installations base is widely used in the rental industry space. CETAS INFORMATION TECHNOLGY PVT.LTD No.21&22 Phase 2, 9th Street, Wood Creek County St.Thomas Mount, Chennai, India. Phone : +91 44 42850231 Email : sales@cetastech.com www.cetastech.com.

More Related Content

Rent IT

  • 1. S Figure 1 RENT IT - A SOLUTION FOR EQUIPEMENT RENTAL INDUSTRY
  • 2. RENT IT Flexible solutions for your business needs Rental management software should cover all aspects of a rental business in a systematic way including Financials (GL, AR & AP), Equipment Servicing, and CRM and reporting functionality allowing rental businesses to achieve all their business analytics from within a single package. There are distinct industry requirements which need to be RENT IT SNAPSHOT managed within the software, with utilization as one of the most important. These special features include:  DYNAMIC ESTIMATE MODULE 1. Reservations and Allocations management based on differing  COMPREHENSIVE MINTENANCE MODULE contract durations and customer requests.  FLEXIBLE BILLING MODES  AUTOMATED JOB JOURNALS 2. Dispatch/Pick-Up/Returns Process Management with the  PRECISE LABOUR COSTING ability to manage partial dispatches and returns including asset  INTIUTIVE DASHBOARD TO TRACK YIELD tracking and signature capture on delivery / pickup.. VARIANCE 3. Accessories, Attachments & Kits including sale or return items  POWERFUL WORKFLOW FOR BETTER such as fuel. BUSINESS CONTROL 4. ‘In Lieu of’ or alternate items when equipment is not available  EXCEPTION REPORTING  INBUILT MANAGEMENT ALERTS as expected.  ASSET TRACKING 5. Transport management including ordering in outside haulage  INBUILT CRM FOR EFFECTIVE SALES and keeping track of revenue and cost against delivery vehicles. CAMPAIGNS 6. Product Exchanges and swap outs on live contracts  SEAMLESS INTEGRATION WITH MS OFFICE 7. Site Moves / Drop Ship & Relocations within live contracts 8. Contract Charging Profile determining when and how charging is generated including flexibility on excess hours charges, charging by hour / day / week / month etc. 9. Product Service Units and clock hour recording and maintenance triggers
  • 3. Microsoft Dynamics NAV offers capabilities to meet the following business needs: Financial Management As the backbone of your business management solution, Microsoft Dynamics NAV accounting and finance solutions help you track and analyze your business information. With end-to-end integration, you can efficiently manage your general ledger, payables, receivables, inventory, analytical accounting, fixed assets, and cash flow as well as perform bank reconciliations and collections. You can also manage Your financial processes across multiple currencies, locations or companies. Supply Chain Management With Microsoft Dynamics NAV, you can tailor workflow processes to meet specific needs and 10. Bill Processing for long term rental contracts on specific cycles keep pace with competitive markets and low margins. Help increase customer loyalty with better continuation/recurring invoices, automated off-rent billing and responsiveness, rapidly pursue new market opportunities, and improve your profitability by additional charge management. working more efficiently with partners. Improve inventory management, manage single- or multi-site 11. Sale or Return consumables must be managed alongside warehouses, and handle order processing and demand planning. rental products. Business Intelligence and Reporting 12. Rent to Purchase or Rent to Own agreements with pre- Bring strategic insight into your business processes determined contracts to take ownership of assets at a specific with sophisticated reporting, analysis, and budgeting solutions that help you improve and point in the contract. propel critical decision-making throughout the organization. Direct access to real-time, business- 13. Product Revenue Accruals to provide revenue forecasts for critical information and a wide range of analytical and reporting tools can help you manage budgets, rental contracts not billed at month end. create and consolidate reports, and look for trends and relationships. 14. Product Utilization including Physical and Financial (dollar Customer Relationship Management utilization) must be recorded. Customer relationship management enables 15. Stock Locations and tracking of equipment between locations automation of many day-to-day tasks for sales, customer service, and marketing professionals. including inter-branch or inter-store transfers, and for larger Manage customer records and sales histories, create and launch marketing campaigns, and track businesses inter-company transfers. customer activity. Make service operations more profitable by organizing your service resources for 16. Cash Customers/Contracts with cash drawer or till optimum efficiency, forecasting and tracking parts consumption, proactively managing contracts and reconciliation and deposit management. service agreements, and gaining tighter control over costs. 17. Sub-Rent or Re-Rent management including the ability to Workspace Collaboration initiate rentals from third parties to cover contract obligations. Help people across your business collaborate effectively by expanding access to business 18. Product Service Inspection/Repair including the ability to applications, information, and Processes. In addition, you can use Microsoft Windows® trigger maintenance activity based on rental status, off-rent SharePoint® Services to help create workgroups and teams to generate discussion and exchange damage reports and clock hours or other service units. information related to specific interests and projects.
  • 4. 19. Operated Equipment or Wet Rental where operators are sent out with the machine or equipment, and the rental charges are based on a combination of timesheet and standard rental charges. This is generally referred to as Timesheet Billing. This is common practice in crane rental in Europe and in larger equipment rental in India and Asia. 20. The ability to manage Safety Critical Equipment or Safety Critical Plant including the recording of inspection and examination certificates. 21. Rental Rate Optimization and Yield Management For rental business’ working across country boundaries then additional special functionality may include multi-currency, multi-tax jurisdiction and multilingual needs. RENT IT Build on top of Microsoft Dynamics NAV offers all the above said functional needs of a rental industry with global standards. Microsoft Dynamics NAV has more than 60,000 installations base is widely used in the rental industry space. CETAS INFORMATION TECHNOLGY PVT.LTD No.21&22 Phase 2, 9th Street, Wood Creek County St.Thomas Mount, Chennai, India. Phone : +91 44 42850231 Email : sales@cetastech.com www.cetastech.com.