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Track costs and utilization rate of 3rd party rental units

There are many companies that operate on the basis of renting out equipment that they do not own but rather rent-in from vendors. This process is commonly referred to as Subrentals and riger® supports all the Subrental operations at their full extent.

The Subrentals Module in riger® was designed with a very simple goal in mind – allow to

It is a simple, yet flexible module that consists of two main documents: the Subrental Agreement and the Subrental Ticket.

The Subrental Agreement is the agreement between us, and the vendor. Much like the quote, it will contain information about the Vendor, the Equipment (names, quantities, and pricing), etc.

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The Subrental Ticket on the other hand is the document that either brings the pieces of equipment in the agreement to our inventory, and make them available for dispatching (much like the Bill of Lading does), or return them to the vendor, after having those previously brought in. It is also the document that starts and ends the Subrental period.

The direction of this movement is defined by the types of the Subrental Ticket described below:

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The process of Subrental in riger® is very simple. In a nutshell, there are 3 simple steps involved:

Just 3 simple steps that cover all the actions needed for the Subrental operations.

Besides there is a separate section of reports that are dedicated to the Subrental operations, such as the Subrental Analysis, Subrental Margin, Subrental Units Deployment, etc. which will help to understand the strong and weak points of the process and act accordingly.

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