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Asset Rental Management for NetSuite

ProScope's functionality for asset rentals enables you to manage your rentals to customers, including real-time availability and utilization reporting, all within NetSuite.  With easy-to-manage concessions, accurate invoicing, and compliance management, including export control, you can be sure your business is getting the most out of its assets.

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Maximise Rental Revenue

Asset Rentals

Manage rentals of individual assets, systems (multiple assets bundled together) and inventory items in NetSuite.  ProScope also supports the shipment of “spares” with rentals, which may or may not be consumed during the rental – and can be charged for separately.

Asset Utilization

ProScope has powerful functionality, allowing you to monitor and project your asset availability and utilization to generate the most revenue possible from your asset base.

Flexibility in Rental Arrangements

Cross Rentals

ProScope allows you manage the rental of an asset from a third party, which you then rent on to your customer. With this functionality, ProScope enables you to effectively co-ordinate management of both rentals, helping to ensure that you are only being charged for what you can subsequently charge to your end customer.

Rental Share Agreements

If you rent out assets that you do not own but are instead renting out on behalf of another organization and sharing the revenue, you can manage this process smoothly within NetSuite with ProScope. ProScope can automatically report on revenue generated by these assets, making the rental share calculations accurate and straightforward.

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Manage Rental Concessions 

Flexible and Seamless 

ProScope’s concession management functionality enables you to manage your contractual commitments relating to concessions from an easy-to-use interface in NetSuite.  These concessions can be set up either before or after the asset is put on rental. They are effectively discounts and can take multiple forms: 
  • Discount on rate per unit of time rented
  • Reduced rates for specific periods of the rental (for example, when the asset is being shipped or not in use). 

Rental Invoicing Engine

Effortless Accuracy 

ProScope's powerful rental invoicing engine manages the creation of invoices for all assets on rental, in accordance with the contract and any concessions offered. This allows for prompt and accurate invoicing, allowing you to recover your rental income effectively and manage rental invoicing within NetSuite.

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Compliant Rentals 

Reduce Risks 

If you have assets that are strictly controlled by export or other regulations, ProScope helps ensure compliance with various checks and questionnaires before any asset is rented, with this managed seamlessly within NetSuite. This includes: 

  • ECCN/US Licensing Export Control
  • Denied party checks
  • Red flag questionnaires

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Proven customer success

100+

Users Globally

30+

Successful Implementations

Rental Shipping Management

Seamless Logistics

ProScope provides functionality that supports your shipping of rental assets – both to the customer and when the asset is returned. ProScope will also support shipping rental assets to and from different sites or subsidiaries, within NetSuite, with all the requisite documentation, including picking lists, manifests and commercial invoices.

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Rigorous Reporting

Visibility for Informed Decision-Making

ProScope's rental module provides comprehensive reporting and complete visibility within NetSuite at an individual and asset group level. Key reports include: 

  • asset availability
  • historical usage and profitability
  • forecast usage and profitability

This enables you to make informed decisions about your assets such as, whether to purchase more of well performing assets, sell or scrap underperforming assets, or address maintenance and reliability issues impacting utilization. 

See how ProScope can enhance your project financials

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Frequently asked questions

Is ProScope Standalone or do you have to implement with NetSuite?

ProScope has been developed 100% within the NetSuite platform.  Our Customers undertake a NetSuite implementation at the same time or are already existing NetSuite Customers. 

Why did you choose NetSuite?

NetSuite is the market leading cloud based ERP solution.  We initially started out implementing NetSuite for clients ourselves.  NetSuite is very powerful and flexible platform but needed additional functionality to help support complex Project Centric Businesses.  That’s where ProScope was born. 

What do I need to have in place for ProScope to work with my NetSuite Solution?

You need the NetSuite Platform, SuiteProjects & Advanced Inventory Modules. 

I am not based in the UK, can I still buy ProScope?

Yes, we have customers all over the world already using ProScope.  We have resource and Partners based in the US at the moment and this footprint is continuing to grow. 

We have customers utilising ProScope in the UK, France, Nordics, South Africa, Australia & many parts of the US.

I am not a construction business but I still need to manage Stock against projects as well as some of the other features you have. Is ProScope for me?

Absolutely – ‘complex’ projects that may require the management of project stock, project rentals, assets or equipment will benefit from the inclusion of ProScope. 

Can you integrate to NetSuite?

We are better than integrated. We are 100% built in the NetSuite platform.  All data is held seamlessly in the NetSuite database meaning you can access all information through the NetSuite Dashboards, Workflows, Alerts and so on. 

There is no need to consider ‘integration’ everything is within the NetSuite application. 

Are you verified Built for NetSuite?

Yes we can be found listed as fully a verified SuiteApp with the Built for NetSuite status on SuiteApp.com.  This allows us to work more closely with the NetSuite community to deliver a unified business management solution with extensive project management functionality.