Top Fleet Management Tools for Equipment Rental Businesses

Discover the top fleet management tools for equipment rental businesses to streamline operations and boost efficiency.
The FieldEx Team
September 4, 2024
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Running an equipment rental business can be tough. You need to keep track of your gear, manage bookings, and handle finances. That's a lot to juggle! Luckily, there are software tools that can help. These tools can make your life easier by automating tasks and keeping everything organized. In this article, we'll look at some of the best fleet management tools for equipment rental businesses.

Key Takeaways

  • Praxedo helps streamline your rental processes and asset management.
  • Texada offers an all-in-one solution for rental, sales, and service operations.
  • Booqable is great for managing inventory and bookings with ease.
  • GoCodes provides robust tracking solutions using various technologies like QR codes and GPS.
  • Teletrac Navman offers advanced telematics for real-time vehicle tracking and management.

Praxedo

Alright, let's talk about Praxedo. This tool is pretty versatile and works across multiple industries, but it's especially good for managing heavy equipment transfers and field operations. If you're all about keeping your equipment in top shape, you'll love Praxedo's advanced scheduling feature. It helps you solve maintenance emergencies super fast by figuring out which technician to send based on their skills, travel time, and the customer's schedule.

One of the coolest things about Praxedo is its customizable mobile app. Technicians can check out equipment history, share photos, and chat within the app. Plus, there's a customer portal where clients can create and update work orders in real-time and access important equipment info.

Praxedo also plays nice with other systems you might be using, like accounting and scheduling software. People really like it for route planning and tracking maintenance costs, though some say it struggles with reporting when there's a lot of data.

But hey, if you're looking to set up an online store, Praxedo might not be your best bet. It doesn't have website builder or e-commerce features like some other tools we'll talk about later.

When it comes to pricing, Praxedo offers several plans starting at $39 per user (with a minimum of 5 users). There's even a mobile-only plan for more flexibility. For more comprehensive management, you'll need the Premium plan.

If you prioritize maintaining asset health, you’re going to love Praxedo’s new advanced scheduling feature, which brings unparalleled ability to solve any maintenance emergencies.

Texada

Alright, let's talk about Texada. This is a purpose-built rental software solution that's really geared towards heavy and construction equipment. It's got a ton of features—164 to be exact—that cover everything from inventory management to payment processing.

One of the coolest things about Texada is that it lets you handle direct bookings and payments through its e-commerce portal. You can also manage rentals and inventory, and even track maintenance and repairs automatically from any device. Plus, it offers real-time tracking to optimize delivery routes and integrates with accounting systems.

You can access all this info from a single dashboard, whether you're on a web or mobile app. While it might not be as advanced as Praxedo in terms of maintenance scheduling, it still packs a punch with its GPS tracking and telematics capabilities. This means you can monitor your assets' usage and location in real-time.

Texada really shines when it comes to streamlining payments, invoicing, and customer relationship management. Its Texada Gateway includes an e-commerce website, an admin panel, and a customer access portal. This makes it a great choice for companies looking to scale their business.

However, it's worth noting that Texada's ease-of-use ratings are a bit lower compared to some other options. Some users have mentioned a learning curve and tricky navigation. Also, there's no free trial, and you'll need to schedule a call or book a demo to get pricing info.

Texada is an excellent choice for companies that want comprehensive functionalities and look to scale their business.

Booqable

Alright, let's talk about Booqable. This is one of those rental software tools that really stands out, especially if you're just starting out in the equipment rental business. Booqable is perfect for new businesses that need to manage their inventory and orders without a hitch. Plus, it helps you set up an online presence super fast.

One of the coolest things about Booqable is its rental website builder. You can customize it to match your brand, and if you already have a website, you can easily add booking options thanks to its integrations. And let's not forget, it supports over 40 payment methods, which means you can cater to a wider audience.

But, like everything, it's not all sunshine and rainbows. Booqable does have some downsides. For instance, it doesn't offer much in terms of maintenance features or utilization insights. Sure, you can schedule maintenance, but don't expect to get detailed insights into how your heavy-duty assets are being used.

Despite its shortcomings, Booqable excels at reducing manual tasks with better email and document workflows on all devices. Auto-generated and pre-filled invoices, quotes, and contracts save a ton of time.

Now, let's talk money. Booqable's pricing starts at $35 a month, or $29 if you go for the annual subscription. If you need to add a new location or shop, it'll cost you an extra $25 a month. But be warned, some users have had issues with this feature.

All in all, Booqable is easy to use and offers key rental system functionalities, though it could use some improvements in order management. If you're looking for a tool to help you manage your rental business and set up an online store quickly, Booqable is definitely worth considering.

GoCodes

Alright, let's talk about GoCodes. This is one of those tools that just makes life easier, especially if you're in the equipment rental business. They are pretty much the industry leader when it comes to tool tracking. What makes them stand out? Well, they offer a single vendor solution that includes cloud-based software, top-rated smartphone scanner apps, and rugged QR code tags. It's like having a Swiss Army knife for your equipment management needs.

One of the coolest features is the geofencing. You can create virtual perimeters and set up alerts to counter unauthorized use and theft. Imagine getting a notification if one of your machines leaves a job site without permission. That's some next-level security right there.

And let's not forget about the real-time GPS trackers. These are a game-changer for keeping tabs on your most valuable assets. You can see the route your equipment takes, which helps you optimize future deliveries and save on fuel. Plus, the telematics trackers give you insights into how your equipment is being used—like speed, engine run time, and idling. This data is gold for cutting costs and boosting productivity.

If you're worried about user-friendliness, don't be. GoCodes is super easy to use, whether you're new to this kind of software or switching from another solution. They even let you import .csv data from other systems or connect via APIs to streamline your workflows.

GoCodes ensures our customers achieve success in their tool management projects every time.

So, if you're looking for a reliable, all-in-one solution for managing your rental equipment, GoCodes is definitely worth checking out. And hey, they offer free trials, so you can test the waters before diving in.

Identify the needs, review the options, and make full use of free trials and demos—and you can’t go wrong with your choice!

Teletrac Navman

Alright, let's talk about Teletrac Navman. This tool is a big deal in the world of equipment rental. It's got all the bells and whistles you could want for managing your fleet. You can keep an eye on your equipment's performance and health with real-time visibility. The system uses something called Drone View for location monitoring, which is pretty cool if you ask me.

One of the standout features is the geofencing. You can set up virtual boundaries and get alerts if your equipment goes outside of them. This is super handy for preventing unauthorized use or theft. Plus, you can access all your maintenance data, telemetry insights, and inspection documentation from one spot. Talk about convenience!

But, and this is a big but, some users find it a bit tricky to use. The data can be overwhelming, and it might take some time to get the hang of it. So, if you're not a tech whiz, you might need a bit of patience.

Even with its quirks, Teletrac Navman is still one of the top choices for rental equipment tracking. If you're curious about the pricing, you'll need to reach out to their team directly.

In a nutshell, Teletrac Navman is customizable to fit your fleet's unique needs. Whether you're in construction, agriculture, or any other industry, this tool aims to optimize your operations and boost your ROI.

Teltonika

Alright, let's talk about Teltonika. This company is one of Europe's top providers of telematics products and solutions for all kinds of vehicles, including heavy construction equipment. If you already have a solid inventory system but need extra security or maintenance insights, Teltonika might be just what you need.

One of their standout products is the Teltonika TAT240 GPS tracker. This little gadget features movement-based tracking and magnetic tamper detection, making it super reliable and great for anti-theft. It’s built to thrive in harsh environments and sends regular updates based on movement, so you can have peace of mind when your expensive gear is rented out.

However, for even more insights and reliable indoor navigation, pairing it with BLE sensors and beacons is a good idea. Teltonika doesn’t offer a full asset management system like some other companies, but their cloud-based device management platform and the updated Telematics Configuration Tool (TCT) make it easy to get a quick overview and set up all your trackers remotely.

Access to their platform is free, and it integrates easily with other systems. Once you’ve got your settings configured and saved, everything is in one place. What sets Teltonika apart is its easy and flexible device management, plus the reliability of its solutions. They even produce their own modems, which boosts quality control and makes troubleshooting a breeze.

The only downside? They lack some functionalities that rental businesses might need. But if you can look past that, the cost of a TAT240 tracker ranges from $101.59 to $359, depending on the distributor. We’d recommend reaching out to Teltonika directly for the best info.

Teltonika's platform supports various roles, including end customers and field teams, and offers integrations with CRM and calendars. This makes heavy-duty projects more manageable.

So, if you’re looking for a reliable tracking solution, Teltonika is definitely worth considering!

Quipli

Alright, let's talk about Quipli. This is one of those tools that really stands out for equipment rental businesses. It's like the Swiss Army knife of rental software, covering a lot of bases.

First off, Quipli is great for managing multiple locations. If you've got gear spread out across different sites, this tool helps you keep track of everything without losing your mind. It doesn't have real-time tracking, but it does a solid job with inventory availability and basic upkeep.

One of the coolest things about Quipli is its e-commerce feature. You can either optimize your existing website or build a new one from scratch. This makes it easier for potential renters to find you online. Plus, it integrates with QuickBooks, so all your orders, invoices, and tax data are synced up in one place. Pretty neat, right?

Now, it's not all sunshine and rainbows. Some users have mentioned a few hiccups with the integrations. But overall, people love how easy it is to use and the customer service is top-notch.

Pricing starts at $4000 per year for up to 50 units, and you get unlimited users. Just a heads-up, the Starter and Pro plans don't include the implementation fee, and there's no free trial option.

Quipli is a solid choice if you're looking for a comprehensive rental software that covers a lot of ground. Just be prepared for a few bumps along the way.

So, if you're in the market for a rental software that can handle multiple locations and has a strong e-commerce feature, Quipli might just be the tool for you.

DispatchTrack

Alright, let's talk about DispatchTrack. This tool is pretty cool for managing deliveries in real-time. Imagine having a dashboard that combines advanced scheduling with AI-powered route optimization. That's DispatchTrack for you. It's like having a super-smart assistant that helps you plan the best routes and make adjustments on the fly. Perfect for those last-minute changes or same-day deliveries.

One thing to note, though, is that setting up a route can be a bit of a hassle. There are quite a few steps involved, and it might take some time to get used to it. But once you do, it's smooth sailing.

Another neat feature is the mobile app. It lets you verify images and gather signatures, providing a full delivery audit trail. Plus, customers can self-schedule deliveries and track them in real-time with personalized updates. It's like giving your customers a VIP experience.

However, DispatchTrack isn't perfect. It only automates the delivery segment of your operations. You can't track asset usage once delivered, and there's no maintenance option for your heavy equipment. This is a bit of a letdown compared to other tools like GoCodes or Teletrac Navman.

But hey, the configurable reporting features are a big plus. They help you deduce key insights and increase efficiency and cost savings. And while there's no price listing on their website, Capterra lists the basic plan at $55.00, with a free trial option included.

If you're looking for a tool to handle deliveries like a pro, DispatchTrack is worth checking out. Just be prepared for a bit of a learning curve at the start.

QuickBooks

Alright, let's talk about QuickBooks. It's like that old reliable friend who's always there when you need them. QuickBooks is super handy for smaller businesses that are moving away from spreadsheets or manual bookkeeping. But hey, it also has an Enterprise version if you're feeling fancy.

One of the coolest things about QuickBooks is that it combines expense tracking, inventory management, and invoicing all in one place. This is especially useful for heavy equipment rental companies. You can set up separate accounts for the equipment you're renting out and your own inventory. This makes tax planning a breeze and keeps everything compliant.

Another neat feature is the ability to use sub-accounts. This lets you track rental income from different categories of equipment. You get a full picture with different dashboard views, which is pretty sweet.

Oh, and did I mention Expert Tax Help? It's a relatively new feature in all QuickBooks subscription plans. Designated experts can help you secure deductions and tax credits or deal with changes to depreciation rules. Super helpful, right?

QuickBooks comes in both online and desktop versions, and there's even a mobile app included in the QuickBooks Online subscription. Plus, it integrates with a ton of other systems, making it easy to import assets and use alongside your existing rental or asset management systems.

Now, let's talk about the downside. While QuickBooks is affordable and easy to use for simple accounting tasks, it does have its limitations. Prioritizing essentials means it might not have all the advanced features you need. This is why accounting limitations are often listed as its biggest con.

Pricing starts at $35 for the basic plan, and you can get a 50% discount if you subscribe for three months. For better insight into other aspects of your operations, QuickBooks also offers time tracking and payroll add-ons.

So, if you're looking for a straightforward, reliable accounting tool, QuickBooks might just be your new best friend.

Sage

Alright, let's talk about Sage. This UK-based software is a bit more mid-market oriented compared to QuickBooks. It's got a bunch of solutions for small and mid-sized businesses, and it comes with different modules.

One of the cool things about Sage is that it lets you connect your bank account, submit VAT returns, and get a better grip on your cash flow. Plus, it makes data entry and invoicing a lot smarter. Sage really shines with its advanced features like Multi-Currency support in Sage Accounting Plus, better inventory management, and more customizable reporting.

Oh, and here's a fun tidbit: Sage is testing an AI-powered accounting assistant called Sage Copilot. It's supposed to help with live assistance and boost productivity. Sounds pretty futuristic, right?

The mobile app is a nice touch too, even though it's still got some kinks to work out. Users have mentioned that while Sage offers a lot of functionalities and customization, it does have some of the same accounting limitations as QuickBooks. And, it can be a bit tricky to get the full benefit of certain features without additional subscriptions.

At the end of the day, all software tools for equipment rental companies look to streamline some or as many rental processes as possible.

Pricing starts at $19.05, but if you're managing inventory, you'll probably need the Accounting Plus plan at $49.54. So, if you're looking for something with more advanced features and don't mind a bit of a learning curve, Sage might be worth checking out.

Discover the power of Sage with our 14-day free trial. No credit card needed! Manage your assets in real-time and schedule jobs easily. Experience how Sage can simplify your work today.

Conclusion

In conclusion, fleet management tools are essential for equipment rental businesses looking to streamline their operations and stay competitive. These tools help you keep track of your assets, manage maintenance schedules, and improve customer service. By choosing the right software, you can save time, reduce costs, and make better decisions for your business. Whether you're a small rental company or a large enterprise, there's a fleet management solution out there that can meet your needs. So, take the time to explore your options and find the perfect fit for your business. Happy renting!

Frequently Asked Questions

What is fleet management software?

Fleet management software is a tool that helps businesses keep track of their vehicles and equipment. It can show where each item is, when it needs maintenance, and how it's being used.

Why do equipment rental businesses need fleet management software?

Equipment rental businesses need fleet management software to keep track of their assets, schedule maintenance, and improve overall efficiency. It helps make sure everything runs smoothly and customers stay happy.

Can fleet management software help save money?

Yes, fleet management software can help save money by reducing downtime, preventing theft, and optimizing the use of equipment. It also helps in planning maintenance, which can prevent costly repairs.

Is fleet management software easy to use?

Most fleet management software is designed to be user-friendly. They often come with tutorials and customer support to help you get started and make the most out of the features.

How does fleet management software improve customer service?

Fleet management software improves customer service by ensuring that equipment is always in good condition and available when needed. It can also provide real-time updates to customers about their rentals.

Can I track my equipment in real-time with fleet management software?

Yes, many fleet management software solutions offer real-time tracking. This means you can see where your equipment is at any given moment, which helps in managing logistics and improving security.

What types of businesses can benefit from fleet management software?

Many types of businesses can benefit from fleet management software, including construction companies, delivery services, rental car companies, farms, and utility services.

Do I need special hardware to use fleet management software?

Some fleet management software may require special hardware like GPS trackers or telematics devices. However, many solutions are flexible and can work with the equipment you already have.

Author for this article:

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Written by

The FieldEx Team

FieldEx is a B2B field service management software designed to streamline operations, scheduling, and tracking for industries like equipment rental, facilities management, and EV charging, helping businesses improve efficiency and service delivery.

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