- Servicing broken down equipment often comes at a significant cost, making it crucially important for rental companies to take advantage of warranties when available
- Due to ineffective warranty management practices, rental companies often don’t realize that their assets are covered by warranty, resulting in countless dollars being wasted
- Wynne’s service management tool provides an easy way for users to digitally archive their equipment warranties, ensuring they don’t go overlooked
Buying and maintaining equipment is no small investment for rental companies of all sizes. So, when machinery breaks down relatively shortly after purchase, you would think that rental companies would take advantage of manufacturer-provided warranties 100% of the time to avoid further expenditure. But, due to suboptimal recordkeeping practices or lack of effective warranty management systems, it’s not uncommon for equipment rental companies to simply go unaware of the warranties available to them.
As a result, rental businesses waste countless dollars each year on servicing equipment still under warranty. Such needless expenditures hinder a company’s ability to recoup its investments in equipment and damper overall profitability.
Fortunately, Wynne Systems offers a solution that makes keeping track of warranties nearly effortless.
Compared to filing paper copies of warranty information (which can be damaged, misplaced, or simply forgotten about), this digital approach to warranty management proves far more effective.
Service Solution is our service scheduling and prioritization tool, designed to support both service managers and the technicians they oversee. While primarily known for its ability to help service teams more effectively delegate work, relay real-time status updates, and log mechanics’ time on the job, Service Solution also possesses a warranty management feature. With just a few clicks, users can attach one or multiple warranties to a piece of equipment for future reference. So, when an asset needs significant servicing, personnel can simply look up the asset in Service Solution to see if it’s covered by a warranty.
Compared to filing paper copies of warranty information (which can be damaged, misplaced, or simply forgotten about), this digital approach to warranty management proves far more effective. And because servicing large pieces of equipment often comes at great cost, Service Solution provides return on investment with each warranty claimed that would have otherwise been overlooked.
To learn more about Service Solution and Wynne Systems’ other rental management solutions, contact us today.