Result Group has been selling a specialist rental software application

Rental management software

The rental industry spans many different types of equipment from tools to heavy construction equipment, aerial to vehicles, party and event to computers and test and measurement equipment and highly specialized areas such as Crane and Temporary Accommodation rental...

: rentalresult to companies renting and managing assets, e.g., crane

Crane (machine)

A crane is a type of machine, generally equipped with a hoist, wire ropes or chains, and sheaves, that can be used both to lift and lower materials and to move them horizontally. It uses one or more simple machines to create mechanical advantage and thus move loads beyond the normal capability of...

s, tools, heavy equipment, aerial

Aerial work platform

An aerial work platform, also known as an aerial device or elevating work platform, is a mechanical device used to provide temporary access for people or equipment to inaccessible areas, usually at height...

, modular space

Construction trailer

Construction trailers are mobile structures used to accommodate temporary offices, dining facilities and storage of building materials during construction projects.-Hook-ups:...

, computer hardware

Computer hardware

Personal computer hardware are component devices which are typically installed into or peripheral to a computer case to create a personal computer upon which system software is installed including a firmware interface such as a BIOS and an operating system which supports application software that...

 and test & measuring equipment

Electronic test equipment

Electronic test equipment is used to create signals and capture responses from electronic Devices Under Test . In this way, the proper operation of the DUT can be proven or faults in the device can be traced and repaired...

 since 1994 . It is privately owned and incorporated in Delaware and the United Kingdom

United Kingdom

The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...

.

Markets

With customers in 26 countries across a number of different services industries including asset management

Enterprise Asset Management

Enterprise asset management means the whole life optimal management of the physical assets of an organization to maximize value. It covers such things as the design, construction, commissioning, operations, maintenance and decommissioning/replacement of plant, equipment and facilities...

, equipment rental, tool rental

Plant Hire

Equipment rental, also called plant hire in some countries, is a service industry providing machinery, equipment and tools of all kinds and sizes for a limited period of time to final users, mainly to construction contractors but also to the industry and to individual consumers.The equipment rental...

, accommodation rental, aerial rental, computer and electronics rental, crane rental, operated equipment (wet rental)

Operated equipment rental

Operated Equipment Rental is the term used for the rental of large or complex machinery where the rental company supplies an operator or driver to operate the machinery. This is also sometimes referred to as Wet Rental , and Operated Plant...

 and internal rental within the construction industry supported from offices in Elland UK, Phoenix AZ and Atlanta GA.

Technology

Result Group provides a Java

Java (programming language)

Java is a programming language originally developed by James Gosling at Sun Microsystems and released in 1995 as a core component of Sun Microsystems' Java platform. The language derives much of its syntax from C and C++ but has a simpler object model and fewer low-level facilities...

 based, Java EE compliant application which brings in technologies such as asset tracking systems

Mobile asset management

Mobile asset management is managing availability and serviceability of assets used to move, store, secure, protect and control inventory within the enterprise and along the supply chain or in conjunction with service providing.Mobile assets are e.g...

, PDA applications, smart card

Smart card

A smart card, chip card, or integrated circuit card , is any pocket-sized card with embedded integrated circuits. A smart card or microprocessor cards contain volatile memory and microprocessor components. The card is made of plastic, generally polyvinyl chloride, but sometimes acrylonitrile...

s, portals

Enterprise portal

An enterprise portal, also known as an enterprise information portal or corporate portal, is a framework for integrating information, people and processes across organizational boundaries. It provides a secure unified access point, often in the form of a web-based user interface, and is designed...

 and touchscreen

Touchscreen

A touchscreen is an electronic visual display that can detect the presence and location of a touch within the display area. The term generally refers to touching the display of the device with a finger or hand. Touchscreens can also sense other passive objects, such as a stylus...

 technology. rentalresult runs on a web service

Web service

A Web service is a method of communication between two electronic devices over the web.The W3C defines a "Web service" as "a software system designed to support interoperable machine-to-machine interaction over a network". It has an interface described in a machine-processable format...

s based SOA

Service-oriented architecture

In software engineering, a Service-Oriented Architecture is a set of principles and methodologies for designing and developing software in the form of interoperable services. These services are well-defined business functionalities that are built as software components that can be reused for...

 platform providing connectivity to other third party applications and allowing for custom development of interactive modules.

Software

The rentalresult software manages aspects of rental including order processing & fulfillment, sales management, asset lifecycle & inventory, servicing, financials and CRM. The software focuses on utilization

Utilization

Utilization is a statistical concept as well as a primary business measure for the rental industry.-Queueing theory:In queueing theory, utilization is the proportion of the system's resources which is used by the traffic which arrives at it. It should be strictly less than one for the system to...

, charging and billing methodologies

Invoice

An invoice or bill is a commercial document issued by a seller to the buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided the buyer. An invoice indicates the buyer must pay the seller, according to the payment terms...

, sub-rental management, accessory & attachment management

Rental accessories and attachments

Most equipment, vehicles, tools, portable accommodation and specialized equipment is rented with either attachments or accessories. When dealing with heavy and specialized equipment, these are normally referred to as attachments, other types of rental tend to refer to them as accessories, though...

, pricing and discounting strategies including on-demand pricing and full asset management.

Specific modules also exist for operated equipment and timesheet management

Operated equipment rental

Operated Equipment Rental is the term used for the rental of large or complex machinery where the rental company supplies an operator or driver to operate the machinery. This is also sometimes referred to as Wet Rental , and Operated Plant...

, 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

Cognos Reportnet

Cognos ReportNet is a web-based software product for creating and managing ad-hoc and custom-made reports. ReportNet is developed by Canada’s Ottawa based business intelligence and performance management solutions company Cognos , an IBM company. The web-based reporting tool was launched in...

 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

Balanced scorecard

The Balanced Scorecard is a strategic performance management tool - a semi-standard structured report, supported by proven design methods and automation tools, that can be used by managers to keep track of the execution of activities by the staff within their control and to monitor the...

 to be created to monitor specific details.

The rentalresult application can also be referred to as a Tier 2 ERP

Enterprise resource planning

Enterprise resource planning systems integrate internal and external management information across an entire organization, embracing finance/accounting, manufacturing, sales and service, customer relationship management, etc. ERP systems automate this activity with an integrated software application...

system with 95% of Result Group’s customers using its fully integrated financial software.