Reduce costs by eliminating the need for manual procedures and checking.

In a previous article on the intermodal blog, RAM discussed how automatic billing can save days of manual procedures and checking.  Rental4000 for intermodal leasing uses stored contract terms to bill customers accurately and calculates every charge applicable such as early return options, damage protection, post build down rates, time and volume stepped charges, handling fees and penalties.  Built in warnings also operate within the system when minimum contract terms are not met. 

This accuracy in the billing process not only has a huge impact on the profitability of each unit but it cuts administration costs.  The reduction of manual procedures can help companies to reduce their costs.  For example, an estimate to manually monitor and enforce just two types of contract restriction would be 30 minutes for every unit returned.  If 100 units are returned in a month, there would be 50 hours of cost savings totalling an average of $6,000 per year.

Another example of cost reduction is found within the task of processing purchase invoices.  Without an automated system, the verification of such invoices can take around 5 days each month.  This could not only cause a delay in collecting revenue but could cost companies an average of $5,000 per year.  With Rental4000 able to offer further cost reductions in many other areas, companies can concentrate on raising profits rather than wading through administration.