NetSuite Solution: Asset Rentals

NetSuite Asset Rentals

 

The Vested Groud designed this Asset Rentals solution for the NetSuite platform with the unique needs of asset rentals businesses in mind. Our asset rentals solution handles simple and complex rental agreements with various rental durations and billing schedules. With The Vested Group NetSuite Asset Rentals solution, you can add or remove assets over the rental agreement life cycle, and the billing schedules will automatically update the changes.  

Key Features

Some of the key features of our NetSuite Asset Rentals management solution include:

  • Add and remove assets: With NetSuite asset management, you can add and eliminate assets throughout the NetSuite asset rental life cycle. 
  • Swap assets: This solution allows you to easily change assets mid-rental cycle, which helps simplify servicing and model adjustments. 
  • Automatic updates: Our Asset Rentals solution automatically updates the billing schedules according to the changes made in the rental agreements.
  • Rental agreement: The Vested Group's NetSuite Asset Rentals management provides terms for asset rental agreements.
  • Invoices: The Asset Rentals management solution calculates the asset rental charges and invoices the customer. 

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How Can Your Asset Rentals Business Benefit From NetSuite?

Here are some ways an asset rental company will benefit from NetSuite:

  • POS/ERP connection: Asset rental companies need to maintain their equipment, keep records of sellable inventory and keep all the assets in proper working conditions. Managing these things requires a point-of-sale (POS) system that communicates with the finance systems. The Vested Group helps manage the integration and ensures the POS and online transactions seamlessly go to NetSuite without manual entry.
  • Performance insights: If your business has multiple locations, NetSuite enables the fast consolidation of operations from all the places and has a dashboard to show the business's profitability. You can get the overall performance and performance by location, which helps you stay up to date with your profit and loss accounts. 
  • Cost tracking: With our NetSuite rental management solution, you can manage all aspects of the rental, including warranties, services and asset life cycle management. It calculates the cost of owning an asset and helps you know when it becomes more expensive to maintain and rent and when it needs replacing or disposing. 

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More About Our NetSuite Asset Rentals Solution

You will unlock the full potential of your equipment rental business with our NetSuite Asset Rentals solution—designed to simplify and automate your inventory and rental agreements with unmatched efficiency. Whether you're a small business looking to streamline operations or a large enterprise with complex workflows, our solution seamlessly integrates into your existing ERP system, empowering your team with the tools they need to boost productivity and operational performance.

From expert pre-installation consulting to tailored program implementation, The Vested Group delivers end-to-end support. We customize the solution to fit your unique business needs and provide ongoing enhancements to ensure your NetSuite system evolves alongside your business. With us, you're not just implementing software; you're investing in a solution that drives growth and success.

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Contact Us for a Strategic Asset Rental Solution

We are your ideal choice for managing inventory agreements with NetSuite. At The Vested Group, our team will make your implementation successful. We also offer support after implementation to make sure your system continues to meet your needs. 

Contact us for a strategic asset rental solution.