Must-Have Features Of Car Rental Management Software

Technology dominates the transport industry, and online car rental management software usage is rising significantly. A car rental business lets customers rent cars to self-drive or explore a city with a driver. Such a business attracts travelers and vacation lovers and provides them comfort to enjoy their holidays. To run a successful car rental business, companies are rapidly opting for car rental softwares. And to stay ahead in the competition, it is required to have a combination of top-tier features. So here in this blog, we will talk about some important & exclusive features to have in your car rental handling software. We have created a list of unique features to have in car rental software, which can attract more customers, boost business sales, and help generate income. So let’s start exploring:

Car Rental Business Stats

Looking forward to investing in car rental software? Take a look at these stats and know what can be the future of the car rental business:

• The projected economic growth in the car rental business is predicted to grow to $99.21 billion before the end of 2023.
• The CAGR is estimated to be 2.99% between 2023-2027.
• The car rental business is predicted to grow to $111.70 billion before the end of 2027.

These stats above prove that the car rental business will have a profitable future in the upcoming years.

Business Benefits Of A Car Rental Management Software

As we have discussed the feature above, now let’s understand how car rental software can upscale your renting business:

Brand Awareness

A car rental management software can help track business operations and make better decisions based on analytics. As users get every detail regarding the services on the app, they can easily compare the prices and know the availability of a car. It helps increase the visibility of your app among people.

Increase Sales

With an immersive UI, business strategy, and top-tier features, it is obvious to increase sales in a car renting business. The features allow an admin to track business performances; it helps them make better decisions that boost business sales at the peak of success.

Sustainability

By using electric vehicles and engaging features on the app, you can retain your customers, which will obligate them to use your service again. Thus, you will make your business more sustainable and effective for users.

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Must-Have Features Of Car Rental Management Software

After deeply analyzing these types of applications, we have created a list of 15 must-have features that can push your business to another level of success. Let’s get started exploring:

Fleet Management

The fleet management feature helps companies track the rented vehicle from a centered location. It allows them to view the fleet's location, remaining fuel, car speed, and so forth.

Reservation Management

This feature helps owners to manage their upcoming bookings from customers. It includes date & time, accept/decline a booking, pick-up location, car type, and number of guests.

Billing & Invoice

It is an essential feature that helps business owners to track their sales, generate an invoice for customers & themselves, an overview of billing, and calculations of taxes. The billing & invoice feature also helps owners to ensure seamless business operations.

Payment Gateways

The payment gateway feature lets customers pay the fee in their desired method. It includes credit/debit card payment, UPI, net banking, Apple Pay, Google Pay, and cash.

Verifier & Scanner

This is a crucial feature of car rental reservation software because it lets a business owner verify the details of a customer who is renting the car. Details like government ID, passport, and driving license can be verified in case of renting them a car to drive independently.

Digital Sign-Up

This feature eliminates the need for paperwork and saves time for users to sign up. A renter can read the terms & conditions and upload the signature of acceptance online. Soon after verifications, the renter receives the confirmation of their booking. The digital sign-up feature ensures legal compliance, helps maintain security, and increases business efficiency.

Communication Channel

To run a successful car rental business, an owner needs to have transparency with their customers; that’s where the communication part of the app comes into action. With the help of this feature, a business owner can connect with their users via chat & call at any time.

Multi-Language Support

This feature provides support to customers in their native language. It improves the accessibility of the app because this feature allows the car rental management software to reach the max number of customers from different locations.

Push Notifications

To ensure seamless business operations and avoid communication gaps, this feature informs users about their upcoming bookings, the arrival of the fleet, and confirmation messages with a vehicle number, receipt number, and location.

Rating & Review

It is where customers can drop their experience of the vehicle and the driver’s behavior during their journey. It helps eliminate factors that affect the business, like reporting rash driving and vehicle crashes.

Geo-Location

A car rental booking application, like the Uber Clone app, comes with a live location system using Google Maps API. It helps drivers and users to calculate ETAs, show live traffic, and reflect road maintenance and shortcut to reach their destination.

Location Based Rental

This feature deals with the geo-location of the user’s device and informs them if there’s any car rental service provider. It lets business owners reach a maximum number of customers and maximize their sales.

Discount & Coupons

Business owners can offer discounts to their loyal customers and promote their business with coupons. It is a good practice to retain your customers for a sustainable business.

Split Bill

Nowadays, people love to travel with their fellows and mates. The feature helps users share their billing receipts with other individuals after collecting the overall revenue on the trip.

SOS Button

It is a security feature for the users. It can be helpful in circumstances like medical emergencies, banditry, and any malfunction in the car. On a successful hit, it alerts the nearby support of the car's location.

Conclusion

The features mentioned above have a higher tendency to make a car leasing business achieve a competitive edge. Car rental management software can help car renting businesses boost sales and generate high revenue. As people find it very convenient to travel, the demands are rising daily. If you are looking forward to investing in software like this, it is indeed the right time to start. Hyperlocal Cloud can help you get the right software to manage your car rental business. So what are you waiting for? Get started with us today.