Wynne Systems achieves ARA Rental Market Metrics certification
By American Rental AssociationNews
Oct. 9, 2012 – The American Rental Association has announced that Wynne Systems of Irvine, Calif., is the first software company serving the equipment rental industry to achieve ARA Rental Market Metrics certification.
Oct. 9, 2012 – The
American Rental Association has announced that Wynne Systems of Irvine,
Calif., is the first software company serving the equipment rental industry to achieve
ARA Rental Market Metrics certification.
ARA Rental Market Metrics provides equipment rental companies with a consistent
way of calculating, benchmarking and reporting critical performance
measures. It defines industry standards
for the definition of a day, original equipment cost and for the
calculation of time or physical utilization of equipment, financial
utilization, fleet age and percentage change in period-over-period rental rates.
“We are pleased
that Wynne Systems achieved this important industry milestone. Certification by ARA Rental Market Metrics marks a new chapter in the equipment
rental industry,” says Christine Wehrman, ARA’s executive vice president and
“The ARA has been
working with software companies to license and certify the use of ARA Rental
Market Metrics to further the growth and professionalism of rental
companies within the industry and help analysts and financial institutions
better understand the equipment rental industry. We congratulate Wynne on being
the first software company to achieve certification,” Wehrman says.
“Wynne Systems has always
strived to support organizations like the ARA and initiatives that benefit the
industry as a whole,” said John Bureau, general manager of Wynne Systems. “We are very proud of being the first
software company to achieve certification and are excited to see how it will
improve business and industry performance.”
industry software providers continue to be licensed for ARA Rental Market
Metrics. “It is a priority of ARA to make this business management intelligence
available to rental businesses of all sizes,” states Wehrman
Rental Market Metrics provides equipment rental
companies a way to measure the performance of their business with a common
benchmark that can be used within the company, by industry professionals,
investors and analysts to compare a company’s performance over time and in
relationship to a competitor.
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