SmartEquip and Point-of-Rental Software have announced a strategic partnership to integrate their respective software platforms. This integration enables Point-of-Rental Software users to receive real-time, accurate parts and service support for more than 150 brands of equipment currently on the fast-growing SmartEquip Network, while automating electronic parts ordering from both manufacturers and their dealers. This partnership is expected to provide Point-of-Rental users a significant reduction in equipment operating costs, while increasing fleet financial utilization and rental revenue.
Participating users will receive self-updating parts, service and repair information dynamically customized down to the individual asset number for equipment in their fleets. With SmartEquip’s Network integrated into the powerful and robust Point-of-Rental Software, purchase orders and work orders are automatically and accurately populated. Rental company employees will see a reduction in their administrative effort, resulting in higher technician readiness, or a reclaiming of “wrench time”. Rental companies will also see immediate cost savings due to significant decreases in maintenance, service, and repair time requirements. Also, because of these higher levels of fleet readiness, or “uptime”, rental revenues will likely increase.
“We are delighted to extend and connect our Network directly into the workflow of participating Point-of-Rental users, and we take pride in aligning ourselves with the company’s progressive management team,” notes Bryan Rich, SmartEquip’s Chairman and CEO. “Our companies share an unwavering commitment to creating operational efficiency, and the integration of our technologies will deliver enhanced profitability to each user.”
Greg Bennett, Point-of-Rental’s Vice-President of Sales said, “We are excited to be partnering with another innovative industry leader like SmartEquip. By combining their value proposition and our lean office application, rental companies stand to gain a significant edge in a competitive market. Through this partnership, we look forward to further enabling rental companies to operate more efficiently.”
The SmartEquip Network® is the leading global standard for equipment lifecycle support and procurement. The platform provides a seamless brand-enhancing experience for equipment fleet owners, manufacturers, and distributors of complex equipment. SmartEquip technology enhances ROI for all Network participants by increasing equipment uptime, improving both technician wrench time and transaction accuracy, while also reducing the total cost of equipment ownership. The SmartEquip Network currently supports more than 150 OEM brands, with over 40,000 users across more than 4,000 locations across North America and Europe. SmartEquip recently surpassed $1.4 billion in transactions and is staffed by veterans of the construction and software industry. Founded in 2000, SmartEquip is positioned to define tomorrow’s dynamic and evolving equipment industry.