18 Sep JDEdwards Rental Management – the solution for Asset leasing companies
Is your company's business focused on renting machinery and equipment? Are you looking for a solution that optimizes the management of your operation, providing real-time accurate information about stock and asset conditions? Does your day-to-day involve creating lease agreements, billing on a recurring basis, and tracking the movement of machinery and equipment, in and out of inventory, as they are leased and returned? Then you need to know JDEdwards EnterpriseOne Rental Management. This Oracle solution focused on the needs of asset leasing companies provides an integrated set of solutions that encompass all business processes in this segment.
The Business Requirements:
- Equipment rental tracking and management,
- Updated inventory position,
- Management of aggregated services.
Today's equipment leasing companies need visibility into inventory items, equipment, contracts, customers and financial data, while offering high levels of service to their customers and maintaining profitability. Quick identification of items available in stock for lease is a mandatory requirement. Understanding equipment utilization and reliability is a prerequisite for better operational efficiency, greater customer satisfaction and loyalty. Automatically generating associated services, such as work orders and purchase orders, when processing lease agreements is critical to streamlining business processes. Comprehensive analytics are needed to reduce reporting time, address concerns early, and analyze trends.
The Solution: JD Edwards Rental Management
Oracle's JDEdwards Rental Management provides an integrated solution to manage, track and process all stages of the Machine and Equipment rental process. Rental Management acts as an overarching framework connecting different types of orders such as sales orders, service contracts, and purchase orders. The lease agreement automatically creates these related orders within the lease management module.
The solution provides complete visibility of all equipment and leased items. You can quickly and easily check stock availability and what additional options can be offered to customers, such as complementary equipment, alternative items and associated services.
Rental Management also provides a set of tools for analyzing the business from different perspectives, such as customer, type of equipment, type of rental, among others, allowing for a careful analysis of results and trends.
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