NetScore Rental Management Implementation
NetScore Rental Management provides the foundation for NetSuite users who wish to rent products. This includes distributors who want to expand their business to include rental and companies whose primary line of business is renting products. The Rental Management System (RMS) can be dramatically expanded based on complementary products that it can interact with. Some of these complementary products include:
- Asset Management – setup rental products as assets allowing for them to be depreciated and managed like other business related assets.
- Delivery Routing – for those companies who want to deliver rental assets to their customers, establish routes for both dropping off and picking up rental items.
- Warehouse Management (WMS) – manage rental products with the WMS in the same manner as inventory for sale.
- Point of Sale (POS) – manage rental activities on a POS terminal that allows for short term rental transactions to be quickly established, billed and receive payment through one transaction.
- NetSuite Financials – leverage the full power of the NetSuite Financial suite for billing, cost accounting, revenue recognition, and financial reporting.
- NetSuite Reporting – avail the full power of the NetSuite Reporting system to keep you on top of all aspects of your rental business.
During the requirements analysis of the implementation process, discuss each one of these possibilities to determine applicability to your customer needs.