When rental businesses consider advanced solutions to digitize pen and paper checklist, store photos and videos in one centralized mobile platform, decrease damage disputes, and improve customer relationships, they’re looking for a higher return on investment (ROI) to offset the potential costs of using innovative tools. Monitoring and tracking ROI can help companies with strategic decision-making processes.

Record360 began in 2013 by promoting video captures and checklists for the rental industry before launching a robust application to digitize equipment inspections, contracts, and more. We have helped many businesses unlock their true revenue potential, improve fleet inspections, and reduce operational costs with in-depth analysis of key metrics.

Material Handling Inc. Achieved 30% More Efficiency with Record360

Material Handling Inc. (MHI) has been a leading supplier of material handling and forklift solutions across North Georgia, Middle Tennessee, Southeast Tennessee, and Southern Kentucky. The company has more than six locations and 46 service vans, providing timely repair services.

With thousands of pieces of rental equipment, MHI was using digital cameras to capture visual evidence and USB drives to track the condition of its assets. Due to a lack of data points and inefficient processes, a single inspection took the company over an hour to complete.

MHI decided to work with Record360 to record data and track key metrics across the six locations. The company gained insights into the assets at each of its branches and automatically sent invoices or documentation to clients via email.

Record360 has taken our entire physical inspection process down from about an hour to about 15 to 20 minutes. – TJ Bryant, Rental Coordinator, MHI-Chattanooga Branch

According to TJ Bryant, a rental coordinator at one of MHI’s locations, the intuitive application:

  • Reduced the inspection process from one hour to just 20 minutes
  • Saved $5000 in repair costs at an MHI branch, as the company was able to show proof of damage

Komatsu West Scaled Their Equipment Rental Revenue to $60 Million with Record360

Here is another effective case study showcasing how investing in Record360 solutions can boost ROI.

Komatsu West is an equipment rental company with a fleet of over 700 construction and mining machines. The business expanded to 11 locations and invested in more than 600 attachments to enhance its offerings.

However, as the company continued to grow, Komatsu West faced a serious concern that affected its bottom line. A lack of oversight and traditional visual capturing methods made it challenging to identify issues with the equipment, resulting in a lower sale value.

It was actually very easy to implement. Everybody was excited to have it and I never heard any complaints from employees. – Joel Cook, EVP of Mining, Construction, and Rental Sales

Komatsu West partnered with Record360 to:

  • Automate rental documentation
  • Document damages to outgoing and inbound heavy equipment
  • Expedite the completion of repairs
  • Build additional trust among renters

This partnership helped achieve tens of thousands of dollars in cost savings and scale the business’s rental sales from $5 million to $60 million.

Midway Chevrolet Achieved a 100% Damage Expense Recovery with Record360

Midway Chevrolet is a local dealership with a Rent-A-Car program that allows prospective customers to rent a new vehicle while their car is in for service or maintenance. It’s an excellent solution for those who need a temporary replacement and can’t be without an automobile for a few days.

When handling insurance claims for rental vehicles, Midway Chevrolet faced obstacles along the way. Due to low-quality documentation, the company struggled to recoup expenses or dispute damages.

With Record360, no insurance company says “no” to my claims. – Nina Cosiano, Dealer Rent A Car Manager

By working with Record360, Midway Chevrolet was able to:

  • 5x time savings on insurance claims
  • 16,850+ successful inspections runs through Record360
  • Achieve a 100% damage expense recovery

Key Takeaways: An Overview of Record360 ROI Potential

At Record360, we’ve helped create compelling case studies and avoid exaggerating the specific benefits of our solutions just to grab the reader’s attention. Instead, our innovative app delivers real, measurable results for partners across different industries, enabling them to:

  • Create fully customizable workflows for faster, more efficient inspections.
  • Capture crystal-clear images of asset conditions before and after rental contracts.
  • Automatically send service status notifications, ensuring quick corrective actions and reducing response times.
  • Optimize fleet management with hard data-driven insights and instantly share reports with team members.

Tired of the Same Results? Let Record360 Help Manage Your Fleet!

With Record360, many companies have built trust with their clients and potential customers, improving brand recognition and achieving their business goals.

Use our robust app to take your own business to the next level. Visit our case study page to explore more success stories, and call us at 206-489-3290 to schedule a free demo of our innovative solutions today!