KPIs: The Key to Rental Business Profitability

by | Jun 15, 2023

Fame Rental’s CEO offers insights in his latest blog post on utilizing KPIs to enhance rental companies’ bottom line. 

Westport, Conn. (June 16, 2023) – In the latest blog post from Fame Rental, Fame Rental President and CEO Joe Lewis emphasizes the importance of using Key Performance Indicators (KPIs) and their ability to drive sustained success through fact-based decision-making, process improvement, and goal-setting. 

Highlighting the significance of KPIs, Lewis states in the blog, “KPIs highlight what matters most, helping you and your team identify areas for improvement such as better rental contract administration, customer engagement, or asset and personnel management. They create a platform for fact-based decision-making and tracking performance against your goals, all of which impact your bottom line.”

Lewis outlines three common scenarios that can negatively impact any rental business and suggests ways KPIs can help rectify the problem areas. These include:

  • Prompt delivery of quotes
  • Timely delivery of equipment
  • Equipment reliability and condition, and meeting client specifications

“Through a full-function, web-enabled rental management software platform like Fame Rental,you are able to manage all your data and information in one place, making it easier to set meaningful and accurate KPIs, “ Lewis notes. “You are then empowered to analyze performance against your KPIs, create purposeful rental contracts, and generate excellent service.”

About Fame Rental

Fame Rental from Fame Intel is an all-in-one, web-enabled rental management software platform designed to give rental companies the tools they need to provide their customers with a level of service they could never imagine before. Through Fame’s software platform, businesses can manage rentals, sales, service, retail, leases, manufacturing, maintenance, inventory, parts, purchasing, accounting, asset financing, and more – all on one, fully integrated system. Above all, it helps them outsmart their competition, transform their decisions, and increase profitability.

Based in Westport, CT, Fame Intel offers web-based technology solutions for the office and mobile tools for the field. The company’s platforms help manage every aspect of rental, equipment, sales, service, or retail businesses. 

For more information visit the Fame Intel website or call (917) 565-9061.

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