The rental Management system is a necessary part of those organizations which are dealing with the product rental services. These companies provide products to the customers for a specific period of time and charge them accordingly. In other words, they get their products back after their tenure is over, and charge customers on the basis of tenure. Moreover they need to track their serial nos and recurring invoicing for the rented period so that proper financials can be tracked and achieved.

The Rental Management module of Odoo has so many integrated functionalities like inventory management, recurring bill, warehouse management, etc.

It also facilitates analyzing the equipment or product ROI based on Total Rent Collected for a specific period which is updated based upon the payment received against the invoice raised.

Features of Pragmatic Rental Management are

1. You can create rental orders and confirm the order with serial number.

2. Enables you to deliver the product to your customers with the correct serial no.

3. Manage recurring Billing through subscription management with the help of schedulers which will generate invoices to customers

4. Also, if there is any issue related to the rented product you can replace that with alternate or new product

5. Managing the Product/Asset status according to Rented or Ready for rent or New

Rental Management is the need of requirement for organizations which deals with the products, various types of equipment, assets renting. Moreover they need to track their repair and maintenance along with the serial numbers and financials involved during the lifetime of the renting period.

Odoo OpenERP along with integrated functionalities of warehouse, RMO, recurring billing, payment tracking, follow-ups etc.

It also facilitates analyzing the equipment or product ROI based on Total Rent Collected for a specific period which is updated based upon the payment received against the invoice raised.