gets an upgrade

August 8, 2016 -  By

Photo: Penton

Penton’s EquipmentWatch relaunched its Software-as-a-Service platform at

In addition to an improved overall interface, the new platform builds on its database of historical equipment information with new insights into relative asset utilization, transparent pricing data, value and rental rate trending. 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 easily allow for the import and export of data for use in other software systems, the company said.

“Decisions in the equipment industry are being increasingly driven by data and intelligence,” says Garrett Schemmel, vice president & 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.”

Notable features and capabilities of the new platform include:

  • 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; and
  • Review detailed specs for thousands of current and historical models. 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 reports like the new EquipmentWatch Market Report and the annual Residual Values Report. Select content—including blogs and podcasts with the latest market information and insights–is available for free. A new resource library with product guides, tutorials and terminology explanations is also available to further simplify use.

Photo: Penton

This article is tagged with , , and posted in Design/Build+Installation

Comments are currently closed.