Exploring Subscription and Revenue Management for Manufacturing & Distribution: Introducing Equipment-as-a-Service (EaaS)
The ongoing digital transformations have revolutionized the business landscape, giving rise to the as-a-Service model, a pivotal element in modern business strategies. Among the many industries benefiting from this paradigm shift, manufacturing companies are experiencing a game-changing transformation through the Equipment-as-a-Service (EaaS) model, offering vast opportunities for exploration and growth.
The EaaS market, currently valued at around USD $1B, is projected to grow at an impressive compounded annual growth rate of 40~50%.
EaaS empowers organizations to:
- Convert one-time sales into recurring revenue streams
- Offers upselling opportunities
- Fosters continuous customer relationships
- Offers personalized products and services based on customer needs
Infovity brings the following components together in an Equipment-as-a-Service solution. This allows companies to efficiently manage the entire lifecycle of their assets, including lease and rental contracts, in a unified, holistic, and integrated manner.
Infovity Solution Overview
Infovity’s comprehensive solution empowers businesses, regardless of equipment size, to offer a diverse range of Equipment-as-a-Service (EaaS) offerings. Utilizing Oracle’s Cloud ERP applications as a robust framework, Infovity’s solution seamlessly supports the entire EaaS lifecycle, incorporating flexible processes that can be easily tailored to meet specific business requirements.
Infovity has implemented Oracle’s solution to take advantage of the flexibility Revenue Management Clouds offers in configuring complex ASC 606 compliant rules. Infovity has extended the application to include Asset Tranching and Securitization.
With Infovity’s comprehensive EaaS solution, companies can unlock the full potential of this game-changing model, ensuring seamless asset management and positioning themselves at the forefront of the rapidly expanding EaaS market.
