EquipmentWatch, a leader in data, insights and workflow tools for the heavy equipment industry, has relaunched its Software-as-a-Service platform at EquipmentWatch.com, including broad equipment coverage across the construction, lift/access, agricultural and commercial truck markets, offering information about the equipment lifecycle.
The new platform builds on the already expansive database of historical equipment information with new insights into relative asset utilization, transparent pricing data, value and rental rate trending along with an overall improved interface. New workflow tools have also been introduced to speed the cost recovery process between contractors and project owners, mitigate risk and improve portfolio management for the finance community, and allow for the import and export of data for use in other software systems.
“Decisions in the equipment industry are being increasingly driven by data and intelligence,” said Garrett Schemmel, vice president and market leader, EquipmentWatch. “The proper use of data can be the deciding factor in winning the job or getting the most value out of an asset through its economic life. We’re excited to see the competitive edge our platform can deliver to our thousands of customers.”
Features and capabilities of the new platform include:
- Determine the relative utilization of an asset against millions of other assets;
- Visualize long-term value and price trends in both the resale (dealer) and auction channels;
- Download data reports for groups of assets for offline analysis or third party software upload;
- Generate custom internal charge rates for bid estimation with up to 24 cost factors such as hours, fuel, wages, taxes, overhead and more;
- Track serial number-specific sales history;
- Review detailed specs for thousands of current and historical models.
EquipmentWatch.com offers a number of platform subscriptions based on each user’s needs: Equipment Manager; Estimator; Renter/Seller; Finance and Insurance. These subscriptions also offer exclusive access to the complete versions of popular reports such as the new EquipmentWatch Market Report and the annual Residual Values Report. Select content is made available for free, including blogs and podcasts with the latest market information and insights. A new resource library with product guides, tutorials and terminology explanations is also available to simplify use.
For more information and to subscribe, visit www.EquipmentWatch.com.
