The best choice for rental business operators
WRMS
WRMS (Woongjin Rental Management System), created based on core know-how in the rental business, is a rental management solution that provides powerful functions for rental business management centered on the core modules of sales, storage, service, purchasing, logistics, assets, and fees.
Woongjin is rental.
Woongjin pioneered the rental business model in Korea for the first time, and through innovative marketing techniques.
This innovative approach gained dominance, associating 'rental' with Woongjin and serving as a catalyst for the growth of Woongjin.
Over the past 30 years, Woongjin has accumulated rental business know-how and transformed it into an IT system, offering the most suitable business model for companies venturing into the rental business.
Woongjin sets the standard for rentals.
The growth momentum of the rental market is explosively increasing
The rental market is experiencing explosive growth, reaching record highs every year.
Various changes in living environments, such as declining consumer sentiment due to economic recession, increasing single-person households, and serious environmental issues, are completely transforming the way we acquire products.
Rental products, which initially focused on white goods just a few years ago, are gradually diversifying, and the category now encompasses almost anything that can be rented.
Do you run a rental business? Woongjin accompanies customers for their success.
The rental market around the world, is very attractive.
However, there are too many risks to blindly jump into the rental market.
Check out the preliminary checklist a company needs to start a rental business.
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1. Rental products are necessities or require satisfactory service.
In order to arouse consumers' desire to purchase (rental), it must be a necessity or a product that increases life satisfaction.
In addition, we must maintain continuous contact with customers to ensure continuous use of our products through customer satisfaction.
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2. Pricing is reasonable
The rental cost includes service charge.
Therefore, setting high costs solely for profit cannot ultimately satisfy consumers.
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3. Reduce risk with competitive costs
The higher the cost of rental products, the worse a company's cash flow may be.
Production costs for rental products are incurred immediately, but collection costs are dispersed, so constant risk management is required.
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4. Finished with a perfect IT system
The rental business can increase sales in the short term, but complex issues such as delinquency/credit/fees/returns are always exposed to risk.
A specialized rental system that includes sales/financial management is essential.
WRMS (Woongjin Rental Management System) is the optimal solution for rental businesses.
Woongjin's WRMS is a solution tailored for rental companies, developed by IT experts with extensive knowledge of the rental industry.
We have integrated the best rental practices in Korea into our system.
Our primary focus is on rental business operators who are either starting a new venture or facing limitations with existing solutions.
We offer comprehensive support, including promotions, training, and business consulting, to assist them in swiftly developing or resuming their business using IT solutions.
1. Solution features
(1) WRMS can be applied to various industriesWRMS can be applied across various industries, including consumer goods and home appliances, as well as construction machinery equipment, healthcare/medical device rental, and financial company rental business.
(2) Maximizing convenience and scalability
By standardizing the interface, complexity is reduced, efficiency is improved, and flexible connection with various systems becomes possible.
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Integrated integrated management for each task
Standardization Master
Standardize various sales activities Integrated management with master
Focusing on mastering sales standards Integrated integrated management for each task
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Rental Specialization Master
Integrated customer management by rental period
Depending on the rental contract period for each customer Integrated management of customer information
Customer service by applicable rental period Integrated management of information and storage information
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Customization Master
Item Master Integrated Management
Item master information according to business Constructed into various items
Item information depending on the situation Flexible and changeable management
2. WRMS is a customer-centric system
We offer an optimized environment to enhance the competitiveness of existing rental operators and to enter new rental markets.
3. The effects of implementing WRMS
WRMS provides an optimized, integrated work environment that can flexibly respond to a variety of tasks.
By customizing the basic rental policy settings, you can accelerate successful innovation by improving the performance of the rental business, securing operational efficiency, and creating a competitive advantage.
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Process Standardization
Systematic and standard rental process
Streamline work processes from order reception to follow-up management
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Securing rental Competitiveness
Laying the foundation for sustainable growth and gaining an upper hand in the rental market
Existing and new entrants in various industries
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Work Efficiency
Optimizing operating resources and automating manual tasks
Operates through system integration and enables smooth sales management
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Continuous Sales
Increased sales from potential customers and lock-in effect
Detailed customer management and integrated customer retention by rental period
Post rental, integration of IT technology
The evolution of the rental market into a platform for professional services rather than mere borrowing is driven by the convergence of expertise and technology.
Technologies such as mobile, IoT, RPA, big data, and cloud, aligned with the 4th Industrial Revolution, are being integrated into the rental business.
The combination of rental and IT technology emphasizes the significance of predictive data usage through the utilization and analysis of existing data.
