How a car rental system benefits the business of a car rental agency

Car rentals in Singapore

People in Singapore prefer to opt for car rentals than owning their own vehicles due to the cost perspective. Car rentals are usually taken by people on a daily basis by tourists or who have come for an official onsite project and long term rentals usually for weeks or months are opted by corporate companies. The payment to the car rental agencies is also based on the terms of the rental period. They can receive daily payments or payments on the completion of the rental period.

How should the Car rental system be?

The car rental system should be a combination of the reservation and information system. The rental system should be able to allow the customers to make their bookings online for the desired vehicle at the desired time. The information system should give in the information on the vehicles that are available for rent with the pricing. The arrival time and departure time of the vehicles should be displayed for tracking.

How does the car rental agency work?

Customers select the vehicle they require from the list of vehicles on the website along with the pricing. The customers can do their bookings online without visiting the rental agency or waiting in long queues. The rental agency gets a track of the vehicles it has for further rentals. This assures that there is no black day due to overbookings. 

Agreements need to be prepared for corporate companies between the rental owner and the corporate companies. These agreements can be prepared digitally without the use of paper. This saves time and the space of saving these documents manually.

Once the rental is done an invoice needs to be raised for the payment done by the customer. The invoice can be prepared from the templates which are already available in the software or create a new template based on the requirement of the business. Few fields can be auto-filled like the address, data, company logo, etc which add a more professional look to the invoices.

In the case of rentals, the vehicles need to be properly maintained so that the customer does not have any problem when he takes the vehicles for rentals. The customer should not face any downtown or breakdown of vehicles when he takes them on rent. The maintenance is carried out regularly for this cause.

All the documents and details pertaining to the vehicle or the customer are maintained efficiently. This helps in retrieving the data whenever required.

The payments to the drivers are easily ascertained as the log sheet for the travels is maintained in the software. The receipts and payments of the rental business are easily recorded in the software. The exact financial status of the business is known to the owner.

If the car rental system has a Mobile app it helps the rental owner to manage his business from anywhere without being restricted to one place.

Which car rental system to choose?

There are many car rental systems like fleetness, Rent pro, etc which have the features needed by a rental company. Moiboo is a software that has all the features related to the rental business along with accounting, fleet management all in one solution.

Features of Moiboo software

  • ¬†Recurring invoices
  • Invoices
  • Fleet management
  • Document management
  • Vehicle management
  • Accounting
  • Mobile app.
  • Digital agreement

Conclusion

The car rental system proves a boon to the rental business as it provides a comprehensive system that automates and streamlines the activities of the business and helps the business grow.

For more details, please visit Our website: Moiboo Software

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