Business Situation

Why BMS needed a rental solution

The team at BMS was looking at ways to ensure that they were at the top of their game and equipped to tailor rental products according to the changing customer demands. They were seeking a solution that would automatically update every stage in the rental process and the status of each task in real-time. They also needed a new mobility solution that would seamlessly sync and integrate with their ERP, as their existing mobility solution could not do so earlier.

The key pain areas that BMS was trying to address:

• Mobility: BMS had their mobility solution in place, which did not sync with their ERP, and resulted in confusion of work allocation, general task management, and calculation of work hours.
• Real-time updates: They needed a solution that would update in real-time automatically without requiring manual intervention to show the status of every task.
• Monitoring daily operations: Monitoring tasks based on their status in the rental stage was complicated, as over 400 assets were being rented out daily.
• Process automation: The communication breakdowns and paperwork involved at every stage resulted in various challenges, including delayed billing and payments.
• Equipment performance overview: With various assets being rented out across diverse markets, overseeing operations and offering flexible rental packages posed significant challenges.

How DynaRent is an effective solution for BMS

• Mobility integrated with ERP for seamless coordination: The mobility aspect of the solution is integrated with ERP, offering quick and real-time updates. The lines of communications with field staff, such as crane operators and drivers, are also fortified and made direct with instant updates.
• Increasing revenue with automated invoicing: With DynaRent, invoicing is faster, resulting in shorter collection periods, thereby reducing the payment cycle. This improves the cash flow and helps to ensure better revenue flow and financial planning.
• Enhanced control on rental processes: With the ERP and mobility aspects in sync, control on rental processes is even better, and the company could focus more on equipment maintenance.
• Unified platform to efficiently manage end-to-end operations: The allocation, management, and monitoring of tasks become simpler through a dashboard with a graphical representation that shows the status of each task.
• Dynamic solution offering optimal flexibility: DynaRent supports future needs with better integration, offers more features, and enhances control of equipment utilization.