Servitization and Equipment-as-a-Service with Nitrobox
Transform your business with recurring and pay-per-use business models
More than just a digital transformation – For companies working in the field of manufacturing and IoT smart digital business models are part of their innovation roadmap. But monetizing new ideas entail a lot of challenges across all departments, especially when inflexible legacy IT is involved. This is where Nitrobox helps.
Use your IoT data and turn it into new revenue streams
In a world of IoT intelligent machines deliver data, that are the building blocks of innovative business models. Expand your existing business areas to these new revenue streams and monetize your individual industry business strategy by:
Servitization and Equipment-as-a-Service is this easy with Nitrobox
Nitrobox converts machine data into billable data. Depending on the required billing cycle (days, months,etc.), invoices, credit notes etc. are created automatically by Nitrobox.
Nitrobox manages and processes all payments and posts the data according to the individually modeled booking rules as an independent subledger. Afterwards the finished financial reporting is transferred to the manufacturer’s ERP / general ledger.
The benefits of a servitized business
Nitrobox: A strong enterprise software partner at your side
Enhance your legacy IT with Nitrobox
When designing new digital business models in the field of servitization and equipment-as-a-service , legacy ERP systems very often prove to be a show stopper. Companies face large-scale IT projects, when instead agility, flexibility and scalability are needed.
This is where Nitrobox comes into play. The Nitrobox solution is an enterprise-grade cloud software (SaaS) for managing sophisticated monetization models such as pay-per-use – in real time and adaptable to any market.
One central platform for agile and automated billing processes
The Nitrobox Agile Monetization Platform can easily be integrated into existing backend systems such as SAP – enabling companies to roll-out their new monetization strategies within weeks.
Adapting unlimited monetization strategies, convergent billing and payment automation are only a few of many capabilities, thatare combined in this smart platform. It is fast, reliable, secure – and helps youovercome the inflexibility of legacy backend systems.
Nitrobox core product capabilities
Nitrobox provides a unique cloud platform enabling unrivaled flexibility and scalability in set-up and automation of monetization processes.
Model your monetization strategy with unlimited options: subscriptions, usage-based, one-time or hybrid. Execute changes in real-time and deploy within minutes.
Fully automatic revenue recognition including deductions, tax or refunds. Manage subledgers, debtors, accounts and financial reporting.
Manage contracts from creation to fulfillment. Respond to changes in real-time and manage the whole process in one single platform.
Convergent billing in any language, currency and layout. Connect any type of data for usage rating and dynamic pricing.
Integrate any payment provider or bank account. Automated processing of chargings, refunds and settlements.