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Seven Steps to Buying Equipment Rental Software

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So you’ve decided to purchase equipment rental software. Now you need to make the right selection. Here’s a process you can follow to identify the solution that is the best fit for your company.

Step 1: Step back and write down your goals.

What are you looking to achieve?

Hard metrics may include:

Soft metrics may include:

Step 2: Plan your timeline.

Depending on your needs and the vendor, implementation time can vary greatly. Build in ample time for training so you are able to make the most of the system.

Ask yourself when you want to:

Step 3: Identify your requirements.

Choosing the right rental business management solution goes beyond just picking the right technology.

Take action:

Step 4: Assemble a team to choose and manage the solution.

Include representation from across the organization. However, the primary users of the software should drive the final decision.

Step 5: Evaluate vendors.

Narrow your list to the 2-3 vendors that best suit your needs.

Step 6: Ask for references.

Reputable vendors should be able to connect you with a customer that will vouch for their company and their technology. Talking to references is one of the most important steps of the purchase process.

Step 7: Make a decision.

It can be tempting to consider price to be a major factor. But rental software is the very foundation of your businesses. It’s not just an expenditure, but an investment in your organization. Look at everything holistically from features to vendor longevity to user communities to support—and ask yourself which supplier will help you be the most successful today and in the long run.  

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