Innovations in equipment lifecycle management for rental industries

Nov 30, 2016 7:04:21 AM

Equipment-driven rental and services can involve thousands of moving parts and processes. Equipment lifecycle management (ELM) is essential to organizing the assets that shape your business. As a result it can simply not be handled effectively without a focused technology solution that works as part of your ERP system. Therefore we will cut to the chase and offer up DynaRent from HiGH Software as a solution that harnesses all the complexity. Consequently it will make it easy to bring together ELM and ERP.

DynaRent offers configurable automation and insight that integrate with Dynamics 365 for Finance and Operations or Dynamics AX. From initial procurement through periodic depreciation and scrapping or sale of fixed assets.

The essentials for effective lifecycle management

To start, you can manage equipment lifecycles with connected processes that ensure information is current and accurate for:

Selection and purchase

Equipment procurement covers request for quotation through post-delivery inspections and purchase order invoice matching and payment to suppliers/vendors.

Financial usage

Fixed asset activation/deactivation, depreciations, net book value corrections, acquisition adjustments are always current and accurate, thanks to flawless, real-time information flow of information across DynaRent and Dynamics 365 for Finance and Operations and Dynamics AX.

Equipment lifecycle planning

Rental, transport, services, repair, modifications is managed via graphical dashboards. As a result, planners work with seamlessly integrated information from ERP, DynaRent, third party interfaces, and mobile devices across single, multi-site, and international locations.

Mobility

DynaRent Mobile extends the reach of DynaRent to the field for executing transport, service, project management, and more. Equally important, you can establish full integration with IoT devices that monitor equipment utilization and condition and send data directly to DynaRent in Dynamics.

Sales and after sales service

Every asset you sell retains full lifecycle service history, ending confusions or disruptions for customers, rental and service departments, and your back office.

Equipment Lifecycle Management (ELM)
Image 1: Performance of equipment during their entire lifecycle in DynaRent for Microsoft Dynamics 365 Operations

A glance at capabilities that give you competitive edge

Here’s a quick overview of details that make DynaRent a smart choice for companies across multiple rental and services industries working with complex equipment lifecycle management.

Third-party and vendor management

Leverage the same service and maintenance processes used for equipment you own to manage third-party/leased or sub-rented equipment. Due to the fact it provides well-documented, efficient services and automated, system-wide updates, ensuring accurate coverage across lifecycles.

Pre-owned equipment

Efficiently manage different versions of the same equipment. Minimize errors and duplicate data input by re-using characteristics such as measurements and technical specifications. Furthermore, you can incorporate differences that align with version status, including different maintenance intervals and requirements, pricing, and warranty periods.

Serialized equipment

Manage logistics for small and large equipment, including purchase, servicing, rental, and scrap. Organize transportation that’s best for equipment size and business needs. In addition, graphical overviews offer quick, real-time visibility into equipment availability per depot.

Bulk equipment

As much as serialized equipment, DynaRent supports end-to-end operations and financials for bulk. Bulk equipment that exists also as a fixed asset can be registered and quantities updated in combination with values and fixed assets.

Just as important, you can pre-configure the majority of DynaRent features and processes to meet specific industry and business needs prior to implementation.

Equipment Lifecycle Management (ELM)
Image 2: Complete 360 degree overview of your managed equipment in DynaRent for Microsoft Dynamics 365 for Finance and Operations

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