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Product Update – October 2024

Written by Iselin Bostrøm
Reviewed by Fred Kihle
Published: Updated: 5 min read
Sharefox's October 2024 update lets customers cancel bookings themselves from My Orders — instantly freeing inventory while managers handle refunds. The release also expands pricing configuration for B2C/B2B models and adds AI-assisted inventory forecasting and support routing, cutting manual admin work across booking and rental operations.
Product Update - October

Rental businesses live and die by how smoothly a booking moves from “reserved” to “returned.” Every friction point along that journey — a confusing check-in step, a manual cancellation email, a pricing rule that doesn’t fit the deal you’re trying to close — costs time and, eventually, customers. That’s the lens we use every month when we decide what to ship, and it’s the lens behind this October 2024 release.

Below, we walk through what’s new, why it matters for day-to-day rental operations, and how to make the most of it. We’ve also included a quick comparison table, a look at what the data says about self-service in rental businesses, and a FAQ for the questions we hear most often after a release like this.

Why Regular Product Updates Matter

Shipping updates on a predictable cadence isn’t just a SaaS habit — it’s how a rental commerce platform stays matched to how rental businesses actually operate. Customer expectations around booking, payment, and cancellation have shifted quickly over the past few years, largely driven by consumer habits formed in e-commerce and mobility. A platform that doesn’t evolve with those expectations quietly becomes harder to use, even if nothing is technically “broken.”

That’s why Sharefox treats each monthly release as a chance to close a real gap reported by shop managers and renters — not just to add features for their own sake. This month’s update focuses on one of the most requested workflow gaps: giving customers control over their own cancellations, without turning that control into a bookkeeping headache for shop managers.

What’s New in October 2024

As an all-in-one rental commerce platform, Sharefox supports Booking & Inventory Management, self-service check-in/out via Sharebox and Inlet, and subscription, short-term, and long-term rental models side by side. Our MultiCommerce approach means a single shop can rent, sell, and subscribe — sometimes to the same customer, sometimes on the same product — without switching systems.

This release adds three things to that foundation:

  • Self-service cancellations for renters (detailed below)
  • Advanced pricing configuration for more nuanced pricing strategies
  • Deeper analytics and automation, reducing manual admin work across inventory management and order handling

New Feature – Customers Can Now Cancel Their Rentals Themselves

This new feature is designed to streamline the cancellation process, giving your customers greater flexibility while making your rental operations more efficient.

Cancellation requests

How It Works

Customers can trigger a Cancellation Request from the My Orders page by clicking “Cancel booking” in the “Active bookings” section. The shop manager receives a notification, and the customer gets a confirmation email. The product and any reserved accessories are released for other customers to book immediately.

Managers will see these orders with the status “Cancellation Request” in the admin panel. While the product is automatically released for rebooking, managers still need to review the order and handle any refunds according to your business’s refund policy.

Activation

To enable this feature, go to Admin > Settings > Orders & Others and turn it on. You can also set a cutoff time, allowing cancellations only up to a specified number of days before the booking start time.

Learn more about the cancellation feature (opens in a new tab)

Before vs. After: Manual vs. Self-Service Cancellations

Manual Process (Before) Self-Service Cancellation (Now)
Who initiates it Customer contacts support by phone/email Customer clicks “Cancel booking” in My Orders
Response time Depends on staff availability Instant confirmation email
Inventory release Manual, often delayed Immediate, automatic
Manager’s role Handle the entire cancellation Review order, process refund per policy
Risk of double-booking Higher (delayed release) Lower (real-time release)

“The moment we let customers cancel their own bookings, our support inbox got quieter and our calendar got more accurate — those two things used to feel like a trade-off, and now they’re not.” — Sharefox customer, equipment rental business

AI Integrations: Working Smarter, Not Harder

This update also continues our investment in AI-assisted operations. Predictive inventory suggestions help flag when stock levels won’t meet forecasted demand, and smarter support routing gets customer queries to the right person faster. If you want a deeper look at how rental businesses are putting AI to work day-to-day, we cover it in more detail in how to use AI in a rental business.

Industry research backs up why this matters: according to Zendesk’s CX Trends research, a majority of consumers now expect self-service options before they’ll pick up the phone or send an email — which lines up with what we’re seeing in Sharefox shops that have turned on self-service cancellations and check-in.

Advanced Pricing and Multi-Model Flexibility

Rental businesses rarely run one pricing model. A single shop might handle short-term rentals, long-term contracts, and subscriptions — sometimes for the same product. This release expands our pricing engine to handle that complexity without extra spreadsheets on the side. If you’re serving both B2C and B2B customers, the new configuration options make it easier to set different rules for each segment. For a deeper technical walkthrough, see our piece on the flexible pricing engine behind Sharefox.

How We Communicate Product Updates (and Why It Matters)

A feature is only as useful as a customer’s awareness of it. To reach the full range of Sharefox users — from single-location shops to power users running multi-warehouse operations — we lean on a mix of channels:

Product update emails

Direct communication to the broad user base

🔔

In-app notifications & tooltips

Contextual guidance while managers are active in the product

📜

Release notes / changelog

Detailed reference for users who want the full technical picture

🕑

Previous updates

Historical record for anyone who missed an earlier release

If you want the bigger picture beyond this single month, our 2025 product updates roundup tracks the full arc of what we’ve shipped and why.

Driving Adoption After a Release

Announcing a feature is the easy part — getting shop managers to actually turn it on and use it is the harder one. A few things that consistently help:

  1. Lead with the workflow problem it solves, not the feature name. “Fewer manual cancellations” lands better than “new cancellation module.”
  2. Show, don’t just tell. In-app tooltips pointing at the exact setting (Admin > Settings > Orders & Others, in this case) reduce support tickets more than any email does.
  3. Segment your communication. A power user running five locations needs different detail than someone opening their first rental shop.