GPS tracking devices for rental equipment provide increased visibility of your assets, allowing you to quickly and accurately trace equipment rentals, optimize equipment usage, and reduce theft or loss with swift recovery.
Offering rental equipment as a service means that thousands of dollars worth of assets can be spread across various work sites, cities, and even regions. The ability to track assets and monitor the usage of this equipment is essential to ensuring that equipment rental companies remain successful and profitable.
Additionally, GPS trackers for rental equipment offer added benefits to firms renting equipment from your business. Increasing the safety and security of assets, providing ID identification for the use of equipment, and offering quick retrieval if assets are lost or stolen, all providing added security to your clients.
Managing rental equipment requires regular coordination and effective inventory auditing. Successful inventory auditing hinges on:
Coordinating how to keep track of rental equipment by relying solely on manual tracking leaves room for accidental human error. Integrating a digital rental equipment tracking system allows businesses to harness the power of data. You can increase and optimize inventory tracking systems through location technologies and device features that deliver the data you need when you need it.
Digital Matter GPS tracking devices for rental equipment use three of the most accessible and affordable location-tracking technologies, each with unique applications and capabilities to suit the needs of your business.
GPS trackers for rental equipment from Digital Matter offer a wide range of power, connectivity, and features that enhance visibility for rental assets that are in use or in storage.
Rental equipment organizations, firms, fleet managers, and risk managers are constantly combating the rising trend of equipment theft as well as how to accurately manage, monitor, and optimize rental equipment fleets and assets. Leaning into digital transformation and innovative end-to-end tracking systems allows stakeholders to ensure that all rental equipment is best utilized, maintained, and protected.
The following benefits and applications of GPS tracking devices for rental equipment showcase how the features listed above can improve and optimize operations.
GPS tracking devices for rental equipment provide accurate data and information that can be seamlessly integrated into a comprehensive tracking platform. Receiving and requesting remote data allows rental companies visibility on-demand as well as at regular configurable intervals.
Reliable and ‘deploy once’ battery life ensures that the device continues to connect, even in the case of tampering or loss of power. Easy installation as well as plug-and-play GPS tracking devices for rental equipment make implementation at scale simple for both large and small rental equipment.
Configurable geofences offer fleet and rental managers the ability to set predetermined locations where devices will be stored or used. When GPS trackers for rental equipment are installed with custom geofences, equipment managers are notified when the asset enters or leaves predetermined locations. Allowing them to track location-based behaviors and ensure that those leasing rental equipment are utilizing assets in locations determined by their contracts.
Digital matter GPS trackers for rental equipment provide theft prevention capabilities. If rental equipment such as machines, large heavy-duty equipment, trucks, or cars are moved or turned on without authorized use, the device will send an alert with the vehicle’s details and location. Upon receiving the alert, equipment managers can immediately remotely immobilize the vehicle.
Furthermore, if rental equipment is lost or stolen, Recovery Mode with customizable features allows for fast and efficient retrieval.
The remote immobilization feature protects against theft and ensures added security that rented equipment is being used appropriately (as determined by the leasing contract). Unauthorized use of equipment can lead to costly maintenance or potential damage. It also ensures transparency and contract enforcement — that full use of the rental equipment is being paid for.
If rentable assets are used on billable time, GPS trackers for rental equipment ensure accurate reporting by providing exact runtime data, increasing the accuracy of invoicing. Leveraging runtime data with devices eliminates the need to bill by the day, hour, or odometer, and eliminates the process of manual tracking which may lead to invoicing errors.
Optimized maintenance scheduling can drastically impact a company’s bottom line. By scheduling maintenance based on run-time and movement data, rental asset managers can accurately predict when maintenance should occur. Controlling and reducing downtime of rental equipment improves productivity and availability of rental assets for customers, and allows for seamless management and servicing of rental assets.
Utilizing GPS trackers for rental equipment optimizes business processes such as:
Digital Matter’s GPS tracking devices for rental equipment offer the technology, tools, and support you need to grow and protect your business. Get in touch with us today to discuss your equipment tracking needs!