Point of Rental is a renowned online rental software with an impressive range of features and really useful functionalities. However, along with these pros, some cons have been reported on the famous software review website, Capterra. As per the site, existing Point of Rental users are agitated by poor customer service, older interface design, and sometimes, even erroneous invoicing.
It is also to be considered that finding a perfect solution for your rental business is difficult. For example, where Point of Rental has the cons above, its alternatives can have different ones. But, if you want the same quality of service as Point of Rental without the stated issues, then we know the right alternative you can consider.
What is Yo! Rent?
YoRent is a next-gen rental software built to help business owners launch powerful rental stores and manage and grow. The software was first launched in the year 2015 and then subsequently improved with time. Today, Yo!Rent’s version 3.0 is available and can be used to launch single vendor and multi-vendor stores in various rental niches, including construction equipment, vehicle, party, and outdoor gear.
Since its launch, Yo!Rent has helped entrepreneurs in over 70+ countries, and 30+ niches successfully materialize their rental business ideas. However, take a closer look at the software. You will realize its true potential in fulfilling various business requirements with the most practical features, which we will discuss below.
Why is YoRent the Most Powerful Point of Rental Alternative?
Point of Rental is feature-packed but still lacks in comparison with Yo!Rent’s features. You are being developed after-minute rental business use-cases, not only Yo!Rent features are more practical and require proper business management and automation. Furthermore, Yo!Rent is a fully customizable solution if you require a feature you don’t find in Yo!Rent, you can ask the team for third-party integration or custom development.
Below is an insightful feature-wise comparison of Yo!Rent:
|Key Features Comparison|
|Yo!Rent||Point of Rental|
|Rental security management||Rental eSign|
|Request for Quote||Inspection management|
|Rent plus Sell||Service order creation|
|Document verification||Alerts and notification|
|Late cancellations and late returns||Shipping management|
|Order management||Order management|
|Rental buffer period||Rental contracts|
|Rental add-ons||Tax management|
|Product Comparison||Inventory management|
|Rental agreement management||Customizable checklists|
|Rental eSign||Reports and analytics|
|Inventory management||Real-time truck tracking|
|Shipping management||RFID integration|
|Bulk order discounts||Monthly recurring billing|
|Map view sorting||Reports and analytics|
|Gift card and discount coupon management||Discount management|
|Reports and analytics||Route modification|
|Product inspection||Alerts and notifications|
|Tiered pricing (daily, weekly, monthly)|
|Unlimited admin and sub-admin accounts|
|Alerts and notifications|
2. Choice of Server
Point of Rental’s official website does not clearly mention whether it is a SaaS solution or self-hosted. However, on third-party sites such as GetApp and Software Advice, Point of Rental has been listed as a cloud-based SaaS software. While SaaS software is pretty useful for some entrepreneurs, it does not give the choice of the server to the business owner. Thus, his online rental business is deployed on the same server as several other businesses.
In comparison, Yo!Rent is a self-hosted solution that a business owner can host on any server. He can select a fast, high-storage server or set up a personal server at home or the workplace. This makes his online rental business more secure and invulnerable to several cyber threats.
3. Diverse Business Models and Workflow
Point of Rental is an advanced software for launching single vendor rental stores but lacks support for multi-vendor functionality. Multi-vendor businesses are usually asset-light businesses in which the business owner only requires to own bare minimum capital, including minimum or no inventory/fleet, for example, Uber. Various vendors or product owners sign up on the multi-vendor platform that handles inventory and many other important operations. Multi-vendor eCommerce businesses are also known as online marketplaces.
Yo!Rent has dedicated support to launch full-fledged marketplaces. Not only does it give vendors their storefronts, but also pricing control and options to manage their online sales seamlessly. On the other hand, the marketplace owner only manages the online portal and primarily earns via rental commission. His secondary sources of income are featured listings, subscription plans, display advertising, rental add-ons, and PPC plans.
Also, along with online rental operations, Yo!Rent supports sales operations as well. This makes Yo!Rent a highly flexible rental software. As a result, not only can entrepreneurs launch rental stores, and aggregate asset-light marketplaces with it, but they also use it to launch general eCommerce stores in various niches and industries.
4. Unlimited Sub-Admin Accounts with 90+ Roles and Permissions
Businesses grow over time. When customers increase, so do orders and requirements for features. Gradually, a startup business grows in size and deals with hundreds, or if lucky, thousands of customers per month. Handling such large-scale operations and dealing with individual customer requirements is difficult for a single admin account.
Thus, for growth-oriented businesses, Yo!Rent is a smarter choice. Not only is it fully customizable and supports unlimited listings, transactions, and users, but it also supports unlimited sub-admin accounts. Being the business owner, you can assign 90+ roles and permissions to sub-admins for proper management. Moreover, you can create individual sub-admin accounts for different teams, such as accounts, customer support, content management, inventory, shipping, and more.
Properly distributed sub-admin roles and permissions allow micromanagement without hindering growth. With Yo!Rent, even enterprise-level businesses can easily manage their online stores.
While both Yo!Rent and Point of Rental are available on a quotation basis, Yo!Rent only has a one-time cost. However, being a SaaS-based solution, Point of Rental should have recurring monthly or annual costs. While the small recurring cost looks not so significant initially, it is not so cost-effective in the long run.
Monthly recurring costs increase the software’s total ownership cost, due to which entrepreneurs often have to migrate to a permanent solution. However, doing so requires heavy reinvestment, so it is better to invest in a one-time cost solution beforehand and save both your time and money.
The Final Take
Both Yo!Rent and Point of Rental software are dedicated to helping rental business owners adapt to modern business models and capitalize on the online market. At the same time, there are surely differences between the two, Yo!Rent and Point of Rental are capable enough to fulfill all basic rental business requirements. When you want special or more advanced features, you can consider one over the other. You can check the above-given feature comparison table again to find which rental business software is more suitable for your requirements.