What is a car rental business?
Car rental business a very profitable business. It lets out vehicles on rent to people who have come out of station or hired by those whose vehicles have gone out for repair or whose claims are pending for insurance.
The vehicles can be hired for a short term or long term. The duration can range from a few hours to a day or even a few weeks or months. The long term hire is usually done by corporates for their business.
Why does the business need car rental software?
Car rental software for rental business is required by the rental business to manage the day to day operations of the business. If the daily activities are streamlined and automated the agency can focus more on business-related tasks than on the routine admin tasks.
The best software for rental business deals with all the major tasks from booking the appointments, maintenance of vehicles, creating agreements, Driver management, Fleet management, Commission calculation for the drivers, Invoicing and Accounting.
Which software should the car rental business choose?
The best software for car rental business is one which has all the features related to the car rental business under one solution. The foremost task of the rental business is bookings. The website displays the vehicles that are available for rent and the customer picks the vehicle of his choice from the vehicles displayed and makes the bookings. In the case of long term, bookings agreement needs to be prepared between the customer and the rental agency. These agreements can be prepared digitally without using paper. This helps in saving time and paper involved in printing the agreements. The fleet management helps the rental owner to know which vehicle has gone out and which is available for rent. This avoids confusion while bookings. In the case of corporate bookings, the rental period is extended for a few weeks or months. In these cases recurring invoices can be raised for the payments and reminders can be set which reminds the customer on the pending payments. This ensures that no payments are missed. Vehicle maintenance is an important aspect of the rental business. The vehicles given on rent should be properly maintained so that the customer does not have to face any breakdowns during his rental period. This builds a trust factor with the customers. Invoicing can be easily done using the templates from the software which adds a professional look to the invoices. These invoices can be sent online through Whatsapp/SMS without the use of paper. In a rental agency, you have drivers for the vehicles. These drivers need to be paid for their services. Their data is maintained by the software as to how many trips were made which makes it easy to derive at their payment. The rental agency may get payments daily or for long term rentals after the end of the rental period. The accounting feature of the software helps to account for the expenses and receipts and provides the true cash flow of the business.
Why choose Moiboo software?
As discussed above the best software for car rental business is one which has all the features of the car rental business under one solution. Moiboo is one such software which has all the features under one platform. Moiboo is an affordable and user-friendly software which is customized specifically for the car rental business.
The features of Moiboo software are;
- Recurring invoices
- Vehicle management
- Vendor management
- Document management
- Mobile App
- Digital agreement
- Fleet management
2 user – 10800 for 1 year
3 user – 16200 for 1 year
additional user at 900
80 per cent PSG grants available
Unless you stand at par with your competitors you will not be able to be successful in your business. More and more agencies are moving towards online solutions. Choosing the right online solution for your business can help you increase your business and give your business a head start over the competition.
Try for Free Demo: Click here
Other rental business software.