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“The platform is built specifically with the contractor in mind, keeping in tune with the complex nature of the job site,” states William Schlacks, CEO of EquipmentShare. William, together with his brother Jabbok set the ball in motion for a better solution that would help them with the problem of specialized equipment rentals for contractors. They had noticed that in renting equipment, users are paying a monthly payment for something that they didn’t necessarily gain any equity on, which of course is the attraction of owning equipment, in addition to gaining tax benefits.
The platform is built specifically with the contractor in mind, keeping in tune with the complex nature of the job site, ours is a platform that connects all that
At the same time, the idea was clear right from the start that the solution is not to make difficult tech, but the best tech, which is invisible. The closer it can get to a contractor without them being aware of the underlying technology, the better. It was designed as a tool which is very obvious and easy to use, allowing contractors to see, track and measure data, that can be then passed on to teams that can leverage that data even further, reducing insurance costs, create predictive models that would help them see a little bit further into the future of how their machines may behave or when they might break down.
In one instance, a Track customer was able to save about 58 percent on their insurance through the solution. They were able to leverage the platform and substantially reduce their cost in premiums paid. William thus notes that these are some of the metrics that contractors should be aware of across the entire job site—something that would help them save thousands of dollars in rental and ownership.
As of next year, the company will have an all national presence, their product Track already enjoying global usage. As for where they are headed, the company believes everything is based on necessity, with some interesting developments surrounding IoT, the technology to truly connect everything on the jobsite. “We are here for our customers, to continue to build better solutions and solve their problems to make their lives easier,” concludes Schlacks.
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