In today’s fast-paced industries, managing equipment and material rentals efficiently is more crucial than ever. Recep Bakirci, CEO of FIT Global, shares some insights about how the company started, information about its key solutions and value, as well as some interesting insights about the industry and key challenges faced by customers.
1. Who is FIT Global?
FIT Global is an SAP-certified partner that specializes in equipment lifecycle and material rental management, from the cradle to the grave. Just over a decade ago, we began developing comprehensive solutions on top of SAP, initially starting with rental and dealer management. Over time, we expanded to include solutions for equipment sales, procurement, parts, service and leasing. Today, our solutions cater to various industries such as industrial machinery, construction, building materials and medical equipment, to name a few. We have a global footprint with a strong presence across regions including Europe, US, the Middle East and Asia-Pacific-Japan.
2. How did FIT Global start, and what key moments shaped the business to where it is today?
Founded in 1999, FIT Global began its journey as a consulting firm. Over the years, the company evolved, shifting its focus in 2005 to developing SAP-based solutions to bring added value to clients. By 2010, FIT Global gained significant traction with its e-invoicing solutions, which sparked further growth in the technology space. Recognizing a growing need for comprehensive equipment lifecycle management, FIT Global pivoted in 2015 to specialize in solutions that cover the entire lifecycle of equipment. In 2019, the company made a strategic decision to sell its e-invoicing division to focus solely on its industry-leading solutions for equipment management, where its expertise truly lies today.
3. What solutions does FIT Global offer?
FIT Global’s portfolio consists of various solutions, each tailored to address the specific needs within equipment and material rental management. These include FIT-Rent, designed to streamline rental operations, FIT-Lease, for optimizing leasing processes, FIT-Service, to enhance service workflows, FIT-Parts, for efficient parts handling, and FIT-Prime, for overseeing sales and procurement of the equipment/asset. Additionally, FIT-DMS caters to dealer management requirements, while FIT-CDBS is a tailored solution designed specifically for CAT dealers to optimize their operations.
Our rental management solution, FIT-Rent, plays a key role in addressing the complexities of rental activities. It handles critical OTC (order-to-cash) processes such as quoting, delivery & return, check-out & check-in, customer billing, and fleet management. Features such as asset tracking, maintenance scheduling and reporting are fully integrated with finance & controlling. FIT-Rent stands out because it provides a comprehensive system that covers the full rental lifecycle, and is not just a point solution. This is vital, particularly for industries such as construction and heavy machinery, where effectively managing rental operations is key to success.
4. Why choose FIT Global?
What sets FIT Global apart from other solution providers is its unique combination of industry expertise, flexibility and a customer-centric approach. As an SAP partner, FIT Global offers end-to-end solutions that integrate every aspect of equipment and material management into one cohesive platform. Unlike companies that offer point solutions, FIT Global’s solutions are designed to manage the entire lifecycle of equipment, from procurement to maintenance and disposal.
Moreover, FIT Global’s deep understanding of various industries and their specific needs allows the company to offer both out-of-the-box solutions and customized offerings to suit the unique challenges of each business. Whether you’re dealing with fleet management, equipment leasing, or parts handling, FIT Global’s systems are designed to scale as your business grows, ensuring that your operations remain smooth, efficient, and cost-effective.
5. What are some of the biggest challenges companies face regarding equipment and material rental management?
The world of equipment and material rental is complex, and businesses today are faced with a range of challenges. As operations become more interconnected, businesses need systems that not only handle multiple processes but also integrate seamlessly across departments. Many companies opt for homegrown or point solutions, which could seem like cost-effective solutions initially but often come with significant long-term drawbacks. Both in-house and point solutions may struggle to integrate industry best practices, not being able to adapt as the company grows. Maintaining internal systems can also become resource-heavy, leaving companies with solutions that are expensive to update and difficult to manage in the long term. In cases where companies have an existing older ERP system that needs to be upgraded, they also often face difficulties transitioning to more modern, scalable solutions. These outdated systems can lack the flexibility to meet current business demands, requiring significant time and resources for adaptation or even complete replacement.
6. In Summary – The FIT Global Advantage
Managing equipment lifecycle and material rental operations is a complex process that requires specialized expertise and a dedicated focus. FIT Global offers unique, end-to-end lifecycle management solutions tailored to meet industry-specific needs. With years of experience and deep industry knowledge, we help companies streamline operations, reduce costs and risks, as well as improve efficiency. Our solutions are designed to deliver long-term value, ensuring businesses avoid the challenges of homegrown or point solutions, and so benefit from best practices and continuous development.
Ready to transform your equipment and material rental management? Contact FIT Global today to learn how we can help streamline your operations and drive your business forward.
