PAY-PER-USE FACILITIES:

WHAT IS PAY-PER-USE?

Pay-Per-Use is a payment model in which the customer pays for using the product rather than having to buy it. In other words, the more a customer uses the product the more they pay, and vice versa.

HOW DOES PAY-PER-USE WORK?

Under the pay-per-use model, the ownership and responsibility of the product/service lie with the company itself, and the customer pays a fee for usage on demand. Many customers prefer this model because they like the idea of paying only for the services they require and use. In many cases, they also end up receiving better service because the manufacturer has a greater interest in providing a product that lasts

We supply and facilitate Pay-Per-Use Scheme to the following Sectors:

THE RENEWABLE ENERGY PLANTS,

ZERO-EMISSION BATTERY-ELECTRIC AND HYDROGEN-ELECTRIC VEHICLES,

MINING AND CONSTRUCTION EQUIPMENT,

PHARMACEUTICAL AND BIOTECH MACHINES,

TRUCKS AND BUSES

Minimum Project Size - US Dollars One Hundred ($100) Millions

PAY-PER-USE MODEL BENEFITS FOR ITS USERS:

As you can tell, the pay-per-use model does help organizations improve their bottom-time. Here are is a list of top benefits it offers:

MINDFUL EXPENDITURE:

Payments are based on the actual usage of the asset. This relieves the users from the burden of paying hefty upfront costs as they can pay only for what or how much they use.

NO UNEXPECTED COSTS:

Services are included for most of the pay-per-use models, and the supplier is responsible for the uptime and availability of the asset(s). The users will not encounter any unexpected costs, such as high charges for repairs and maintenance.

NO RESIDUAL VALUE RISK:

Residual value is the value of an asset after the end of its lifecycle or lease period. Since the user companies do not own the asset, they will be free from the obligation of its depreciation. Therefore, they do not have to worry about the residual value risk.

ZERO CAPITAL:

As the pay-per-use model does not require the users to pay any upfront fees, they don’t need any capital to start using the assets.

RESISTANT TO SEASONAL INFLUENCES:

Many companies make most of their turnover in a limited, specified period and may not need assets before or after that peak business time. For instance, a beach club makes most of its money during the summer (its peak season).

With pay-per-use, the users will face zero or negligible impact of the adverse effects due to seasonal influences or under-utilization of assets.

SCALABILITY:

The above reasons help in scaling the usage of an asset up or down, as per the organization’s requirement. Thus, it offers more flexibility in their buying decisions.

INSIGHTS:

Most pay-per-use models come with tracking of asset usage. Therefore, it gives the companies better insights into the usage and allocation of the assets.

SOFTWARE:

As a Pay - Per - Use provider company, need innovative and flexible software solutions that can keep up with these changing demands with the ability to track the usage of a product.

IoT (Internet of Things) can be an enabler for this and offers new possibilities. For example, a black box in a fully-automated car can notify the provider company about the mileage of the car, once in every week. The Pay-Per-Use Provider company can charge the customer based on this reading over a specified period.

For assistance contact us at: [email protected]