SharePlant Rentals: The UK Based Equipment Rental Marketplace Powered by YoRent [Case-Study]

SharePlant Rentals is a UK-based P2P construction equipment rental marketplace. With its vision to reduce the overall carbon footprints in the construction industry, SharePlant Rentals offers an extensive range of equipment, including telehandlers, forklifts, compactors, fueling equipment, barriers, and fencing on a rental basis.  Furthermore, it also helps local contractors connect with reliable equipment dealers to fulfill their procurement needs.

The SharePlant Rentals marketplace has been successful in increasing revenue for equipment owners and reducing risks. However, when SharePlant first contacted YoRent, they needed a solution to streamline their business operations. Let us take a closer look at how YoRent helped SharePlant Rentals build a full-fledged and highly functional equipment rental marketplace to connect equipment owners and contractors.

About SharePlant

Key Requirements

• Accept Booking and Payment 24/7: SharePlant needed a rental marketplace solution that could streamline rental operations, including accepting rental date inputs, 24/7 bookings, security deposits, and more
• Target large Audience: The client also wanted to cater to a large audience and diversify its product catalog to include all types of tools and equipment
• Rental Agreement: To promote the safe usage of equipment, SharePlant needed a rental agreement management module
• Return Management: To encourage timely returns and prevent missed opportunities, Shareplant required late returns management and late cancellations management modules
• User-friendly Interface: Lastly, Shareplant needed a user-friendly interface with hassle-free navigation and clean design elements

How Yo!Rent Helped?

Yo!Rent provided SharePlant with a complete ecosystem to manage rental operations. Yo!Rent came with a fast, reliable, and scalable infrastructure with an extensive set of rent-centric features to help SharePlant deal with daily use cases. With a master catalog option, the solution simplified the onboarding process for individual equipment owners and helped SharePlant reduce their overall Time-to-Market (TTM).

To safeguard all its rental operations, SharePlant utilized Yo!Rent’s purpose-built functionalities and gained resilience to common rental business problems. From a professional user interface to the backend admin dashboard for complete control over operations, Yo!Rent emerged to be the best option for SharePlant.

Key Features Deployed

To streamline its business operations, SharePlant Rentals relies on the following features of Yo!Rent:

• Rental Booking Calendar: An advanced booking calendar that takes rental date inputs from customers and prevents double bookings.
• Rental Security Deposit: To encourage safe usage, SharePlant uses the rental security deposit feature of Yo!Rent. With the security amount, SharePlant can reimburse equipment owners for any damages.
• Agreement Management: Along with the rental security deposit, the agreement management feature of Yo!Rent helps equipment owners encourage safe usage by levying their own terms and conditions.
• Late Returns Management: To encourage timely returns, SharePlant found Yo!Rent’s late returns management module highly useful
• Late Cancellations Management: For recovering any damages from late cancellations, such as lost order processing costs and missed orders, Yo!Rent’s late cancellations management module is highly reliable.
• Vendor Management: With Yo!Rent, SharePlant got advanced vendor management features such as custom registration forms, maximum registration attempts, vendor order history, product catalog, earnings withdrawal settings, and more.
• Commission Management: SharePlant can easily levy a percentage or flat rate commission on a global or individual level throughout the marketplace.

Impact

Building an online presence in such a short time frame improved business visibility for SharePlant. Moreover, YoRent could help SharePlant take the digital route to market without compromising on any features or functionalities necessary for running a successful rental marketplace. With the automation of several key processes, such as rental booking, invoicing, inventory, payments, and more, SharePlant could present a solid rental platform to local equipment dealers.  As the end result, SharePlant has become a one-stop P2P rental marketplace for the UK’s local equipment dealers to establish brand value and pursue growth.