Common Challenge: “Do we have the available equipment to meet customer demand?”

Common challenge: Do we have the available equipment to meet customer demand? Solution:  RMI ADVANTAGE’s Product Availability provides analytical tools such as availability matrixes and reports to help you manage your rental equipment. ADVANTAGE tells you how many units are presently: Owned In stock Scheduled to be shipped Scheduled to be returned Available now and…

Customer balances are easily managed with automatic payment tolerances.

Common challenge: “The payment you receive from your customer is off by an insignificant amount…”

Solution: In ADVANTAGE you can automatically have an under or over payment of an invoice written off to a specified Payment Tolerance account. There are two options for setting up Payment Tolerances that will result in an automatic write-off: 1.) Percentage: The percentage by which the payment can be higher or lower than the Invoice.…

Gain better business data while saving time and money.

Common challenge: “Still paying an outside accountant to perform basic depreciation accounting?”

Solution: ADVANTAGE includes complete asset management functionality. This functionality includes: Separate depreciation rules for rental fleet assets vs. property plant and equipment. Multiple sets of depreciation books can be maintained General Ledger integration to maintain interim financial statements “Normal” as well as custom methods of depreciation are supported Auto calculate tax depreciation start date for…

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Common challenge: “You have a business to run. You need up-to-the-minute information in order to make appropriate decisions”

Solution: RMI ADVANTAGE includes the reporting that you need to do your job effectively. Dashboard Reports – A reporting option that e-mails Key Performance Indicators to appropriate audiences on-demand or on a pre-defined scheduled basis. Jet Reports – Excel-based reporting that pulls data directly from the ADVANTAGE database. Dozens of industry-related reports are included. In…

Purchase Approvals

Common challenge: “Sick of buying things you don’t need? Need to find a way to manage approvals of purchases based on monetary limits?”

Solution: Using ADVANTAGE you have the ability to create an automated approval process for purchases based upon your specific rules. This functionality gives you the ability to: Establish a hierarchy of approval requirements Automatically send approval requests to the appropriate person Send email notifications with Approval and/or Rejection Orders will not move to the next…

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Common Challenge – Our current approach to credit card processing is painful

Common challenge: “Our current approach to credit card processing is painful.” Solution: ADVANTAGE features fully integrated PCI compliant credit card processing. Accepts one time, recurring, and scheduled credit card transactions Automatically records customer payment(s) upon settlement No terminal required, all transactions happen within ADVANTAGE Saves encrypted customer cards for later use Generates reports of expiring…

Protect your equipment and your revenue stream with Damage Waiver Charges

Common challenge: “Looking for a way to protect rental equipment while increasing your revenue stream?”

Solution: RMI ADVANTAGE’s Damage Waiver solution simplifies the process of billing and reporting for damage waiver charges by: Assigning a standard  percentage as a damage waiver charge for each piece of equipment Setting whether or not a customer declines the damage waiver Showing the breakdown of charges in the totaling section of the invoice Benefit:…