Result Group
Result Group has been selling a specialist rental software application: rentalresult to companies renting and managing assets, eg Cranes, Tools, Heavy Equipment, Aerial, Modular Space, Computer Hardware and Test & Measuring Equipment since 1994 [1]. It is privately owned and incorporated in Delaware and the United Kingdom.
Markets
With customers in 26 countries across a number of different services industries including Asset Management, Equipment Rental, Tool Rental, Accommodation Rental, Aerial Rental, Computer and Electronics Rental, Crane Rental, Operated Equipment (Wet Rental) and internal rental within the construction industry supported from offices in Manchester UK, Phoenix AZ and Atlanta GA.
Technology
Result Group provides a java based, J2EE compliant application which brings in technologies such as asset tracking systems, PDA applications, Smart cards, Portals and touch screen technology. rentalresult runs on a web-services based SOA platform providing connectivity to other third party applications and allowing for custom development of interactive modules.[2]
Software
The rentalresult software manages aspects of rental including order processing & fulfilment, sales management, asset lifecycle & inventory, servicing, financials and CRM. The software focuses on Utilization, Charging and billing methodologies, Sub-rental management, Accessory & Attachment management, Pricing and Discounting strategies including on-demand pricing and full asset management.[3]
Specific modules also exist for Operated equipment and Timesheet management, used primarily by heavy equipment rental companies in the middle and far east, and by specialist rental companies; for example cranes, concrete pumps, large aerial equipment, in Europe and North America.
Business intelligence
Reporting and analytics provided through IBM Cognos Reportnet which is incorporated within the rentalresult license. The system provides standard reports as well as allowing customers to add their own. Reports can be provided in listing format, or as Excel, PDF, HTML, XML or other formats. The tools also allow dashboards and scorecards to be created to monitor specific details.
The rentalresult application can also be referred to as a Tier 2 ERP system with 95% of Result Group’s customers using its fully integrated financial software for GL, AR and AP. The financial elements of the software are rental-industry focused with options for rental-accruals, sub-rental accounting and revenue straddling for rental companies who charge customers in advance and want to manage their revenue recognition effectively.