Let’s have a look at a common rental business process that occurs on a daily basis at equipment rental companies: the sub-rental process, also called the re-rent process. In today’s article, we would like to show how DynaRent for Dynamics 365 for Finance and Operations supports you in creating sub-rentals in the system. At the same time, it helps you to monitor your margins and automatically evaluates whether they are healthy or not.
For example, you have a customer on the phone. He has told you what he needs and when he needs it. But when you check the availability you discover you cannot give him what he is asking for. You need to re-rent to keep him happy because he’s one of your best customers, so what happens next?
Take a look at what already is in place at this stage
You are in the middle of creating a rental order. You have your customer information: his work location details, what he wants, and the dates he wants it. All the important information is already there. So how can you create your re-rental with the least effort, especially if you want the paperwork sorted for your supplier at the same time?
Image 1: sub-rental process in DynaRent
In just two clicks, you can initiate the sub-rental process in DynaRent.
When a new form is opened, details, such as the primary vendor related to the requested equipment, are already set. The only thing you need to check is the margin, which nowadays is more important than ever.
DynaRent automatically monitors the margins between your rental order and sub-rental order. At the same time, it will inform you proactively about the positive or negative status. All of this is based on the margin levels you have configured in DynaRent.
Image 2: Creating a sub-rental
When you create the sub-rental order, it pulls all the information from the rental order. Details you entered in the above dialog will be set, and you can confirm the sub-rental to your vendor.
And there’s more… advanced sub-rental workflow management
Of course, you might also want to initiate different workflow processes. Think, for instance, about approving a specific sub-rental that has a cost value above a certain amount. Or a request for specific equipment that (because of its complexity) needs to be checked by the rental manager. These are common tasks that might be relevant your equipment rental company, all of which are also configurable in DynaRent.
Curious what DynaRent can do for you? We’re more than happy to provide you with a tailored demonstration. Please contact us at [email protected] to discuss, or visit www.highsoftware.com and see what we’re up to!
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies. However you may visit Cookie Settings to provide a controlled consent.
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.