Record360, founded by former rental industry executives, announced availability of its patent-pending property inspection and asset condition reporting dashboard and mobile app. Record360 said the app simplifies and automates how companies manage asset condition reporting, and gives its customers the “confidence, comfort, and peace of mind that they are fully protected against liability and/or additional fees for damage they did not cause when renting equipment, vehicles, property and other gear.”
Record360, with customers including Able Freight, Quixote, Zipcar, Penske Jaguar Land Rover, and Road Machinery, said it yields financial savings for companies in a variety of industries, such as equipment rentals, property management, dealerships, auto/body shops, transportation, etc., that need to track assets, property, project and production milestones, and inventory.
Whether renting, sharing or documenting, Record360 provides time-stamped, geo-tagged records of property at the time of exchange. Individuals or entire teams can capture and view asset condition records from their tablet or smartphone.
“We have been using Record360 to document customer vehicles and virtually eliminated the problem of customers claiming damage while their vehicles are in for repair, and are seeing real savings in damage claims. Record360 has become an integral part of our process and is appreciated by both our staff and our customers,” said Todd Primo, service manager, Penske Jaguar Land Rover.
An enterprise dashboard offers customizable workflow across a broad range of use cases—with adaptable architecture and all data stored in the cloud for easy access and sharing, the company said. Record360 is available for iOS v7.0+, and on Samsung Tab 4, Samsung Tab Pro, Google Nexus Tablet, and most Android 4.4+ devices, with Samsung Galaxy S support coming soon.
Another customer, Road Machinery offers rental of heavy equipment including bulldozers, excavators, and loaders, with 14 locations throughout Arizona, California, and New Mexico. An ongoing and painful issue for the company is missed or disputed damage during the rental process.
“With Record360 we get proven documentation of equipment condition, time-stamped and verified with the customer. This saves us significant time and money and avoids needless disputes. Attachment accountability in construction equipment rental can also be challenging. Record360 simplified and streamlined this process for our team,” said Jamie Carson, rental business manager.
“Billions are lost each year in damages missed during the exchange of property, vehicles and equipment, while countless damage disputes impact relationships, customer satisfaction, and cause negative press,” said Shane Skinner, Record360 CEO. “Asset condition and claims management processes dependent on paper or low-fidelity digital reporting are clearly outdated and Record360 fills the gap with a modern solution.”
Record360 is also available as a free iOS and Android application for consumers who also want protection against liability when renting or sharing autos, vacation homes, apartments, etc.