The rental business is a capital intensive industry and managing such a profitable business is not an easy task. This industry has data stored in different systems and hence faces challenges like managing complexities in scheduling and billing, managing cash flow and offering exclusive customer service. The equipment lifecycle management and planning is another primary pain area that this industry has. SAP Business One provides a robust business management solution for the smooth operation of all fields of activity of the rental services sector.
Following business functions of Rental Services are covered in SAP Business One Solution:
- Equipment Planning Management
- Assets Management
- Order and Reservation Management
- Cash flow and Revenue Management
- Warehouse and Inventory Management
- Service Management
How SAP Business One Can Help In your Rental Services Business:
- This system helps in increasing efficiency by simplifying the workflow processes and providing real-time access to all vital information.
- SAP Business One serves as a unique tool to manage, dispatch and report all your organization’s rental activities and improves growth of your industry.
- Manages returns into inventory and inspects visibility of all inventories at multiple locations by items, equipment number, tag number or serial number.
- It has a feature of flexible pricing of rentals for each equipment category or product.
- This highly efficient business solution has the characteristic of integrating all back-office suites with the main software and provides real-time cost and profit analysis at the click of a button.
- Using this solution, companies can provide flexible billing amounts and periods to their customers with robust options for accounting and billing.
- This solution lets businesses with the facility of setting billing cycles based on rental duration and shipping date.
- The timely invoicing and settlement attribute of SAP Business One on rental return adds to customer satisfaction.
SAP Business One Business Benefits for Rental Services:
- Efficient pick and dispatch of equipment
- Easy management of rented goods with item grouping and bulk processing
- Automatic stock transfer
- Extensive tracking of returned and unreturned equipment
- Rent billings can be done both way, on-demand or mass
- Locate inventory in multiple locations using details, serial number, and equipment number
- Effortless warehouse and inventory management
Why Silver Touch?
Silver Touch understands your business needs and provides you with an ultimate solution that helps in overcoming all the major challenges faced by your Rental Services industry and manage all the tasks with utmost proficiency.
How Silver Touch can Boost Business Growth?
Silver Touch specializes in providing end-to-end SAP Business One and SAP HANA services to enhance business efficiency and improve ROI, resulting in increased business growth. Get in touch with us to know more.