Permian Equipment Rentals Streamlines Rental Management with NetScore
Permian Equipment Rentals, established in 2009 and acquired by The Butch’s Companies in August 2011, is a leading rental provider of wide range of industry-specific equipment. They also deploy experienced technicians and mechanics to ensure efficient, safe, and on-budget site completion. Operating 365 days a year, Permian is dedicated to meeting every job site’s equipment, service, and maintenance needs.In this case study, get to know about their successful implementation of NetScore Rental Management Solution for NetSuite, reinforcing their position as a premier partner for all equipment and service requirements.
Company
Location
Midland, United States
Industry
Equipment Rental for Oil and Gas
Modules Deployed
More Efficient Business Management
Croft, Procurement Manager at Permian said “What we needed, was a good quality system with good infrastructure and good data, where you can just click a few buttons and see, ‘This many jobs are in this status; these are collectible; these are past due etc. That’s what NetScore’s Rental Management solution provided.”
He adds “By improving efficiency in these basic but vital business tasks, the solution enabled Permian personnel to do their jobs more efficiently: “We’ve trained them to be even more effective. That is really where the value is.”
Consolidating and Streamlining
Butch’s had a clear objective regarding Permian and their other subsidiaries: “Part of our overarching goal is to get us all on the same platform,” says Croft. “We want to be one large organization that operates similarly and can gain efficiency through the portfolio rather than being so segmented.”
NetScore, he says, improved the whole organization: “It works to the point where now we can have consolidated reporting. We can click one button and see the whole group, see a division, see one yard, see one subsidiary, etc. That’s our organizational transformation: getting everyone onto that one platform.”
Business Scenario
Butch’s is a multi-subsidiary organization that expanded through acquisitions. Each acquired company was using different systems, causing difficulties in managing the overall organization. To become more efficient and unified, they want to operate as one large organization with a single portfolio. To achieve this, they needed to implement a rental management system for Permian Rentals within NetSuite which will bring everyone together under one single platform.
Challenges
The challenges faced by Permian included:-
Operational Segmentation: The separate systems used by different subsidiaries were resulting in disjointed processes and data fragmentation.
Efficiency Gaps: Essential operational tasks were often lost amidst the fragmented systems, leading to delays and errors in equipment rental processes.
Lack of Modernization: Permian recognized the need for a more contemporary solution that could provide better visibility, automation, and integration.
Result
Seamless Integration with NetSuite: By understanding Permian’s requirements and utilizing NetSuite’s capabilities effectively, NetScore’s solution seamlessly integrated with NetSuite.
More Efficient Business Management: By improving efficiency in basic but vital business tasks, such as document handling, approval, billing, and collections, the solution enabled Permian personnel to do their jobs more efficiently.
Consolidation: By integrating Permian’s rental operations into NetSuite, NetScore enabled a significant milestone, driving consolidation that resulted in enhanced operational efficiency.
