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Digital transformation of your equipment rental operations

In contrast with the Oilfield Rental Operations, where, by default, the rental charges are counted based on daily rates, riger® also supports General Rental Operations, which can use various charging schemes for rentals which are based on different rental periods such as daily/weekly/monthly.

The logic behind the General Rentals document workflow in riger® follows the same pattern as it does for the Oilfield operations, meaning the job starts with the RSA (Rental Service Agreements), which includes the items and services with their corresponding quantities and prices. Then tickets are used to deploy or return equipment, provide services, etc., which ultimately leads to the invoicing step. The main difference lies in the documents that General Rentals module includes in the chain as a source of information for pricing and rental periods definition.

Pricing

We have already gone through a very high-level coverage of how powerful and flexible the riger® pricing mechanism is in the Pricing Module section, so here we will talk about the documents and mechanisms that apply just to the General Rentals, such as:

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** Please note that there is also a Price Matrix document which is accessible from the General Rentals menu in riger®, which allows to select a particular Rental Unit or a group of Rental Units and set base rate multipliers for those. This document, however, does not have the flexibility and priority level of the Price Matrix mentioned above.

Rental Periods

There is an option in riger® General Rentals Module which allows to set up Rental Periods. The setup is very straight forward and involves 2 basic steps:

These values of Rental Periods in conjunction with the values inside the Price Matrix will be used while generating invoice to perform exact calculations.

Overall, the General Rentals Operations process setup in riger® is client-specific and might differ from case to case. Thus, if your company is interested in utilizing the capabilities of this module, please contact us to discuss your specific use scenarios.

See how with riger® you can:

Manage Equipment Rental Operations 

  • Generate Oilfield Rental Invoices in 24 hours!
  • Know Where your Rental Fleet and Field Team is
  • Schedule Oilfield Service Instantly
  • Dispatch Rental Fleet Faster

Be Always in Control

  • See Full Picture and Make Data-driven Decisions
  • Streamline Business Processes and Supporting Documentation
  • Solve Business Challenges (Sales, Service, Revenue)
  • Analyse Performance on Ongoing Basis