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Manufacturing & IoT
Servitization and Equipment-as-a-Service with Nitrobox
Transform and monetize your business with recurring and pay-per-use business models
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:
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- Time or usage-based billing of products and services (pay-per-use)
- Monetization of IoT and machine data
- Machinery subscriptions (equipment-as-a service)
- After-sales service hours
- Multi-sided platform business
Output-based services​
Calculate and bill your IoT data across various metrics and price models, such as per unit, by volume or with additional services:
- Forklifts per minute
- Printing machines per printed sheet
- Coffee makers per brewed cup
- Service hours
- and many more
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.
- For any number of machines
- For millions of transactions
- In different countries and currencies etc.
The benefits of a servitized business
Finances
- Expand your profit margin: product + (digital) usage-based products and services
- Benefit from recurring and predictable revenue
Customers
- Turn one-time customers into a loyal customer relationship
- Sell easier to customers, as their expenditure turns from Capex to Opex
Sustainability
- Benefit from an increased utilization of your assets
- Be part of a stronger sustainability cycle reducing the CO2 fingerprint
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 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 the many capabilities, that are combined in this smart platform. It is fast, reliable, and secure – and helps you overcome the inflexibility of legacy backend systems.
Increase order-to-cash efficiency up to
Shorten the time-to-revenue to
Increase business agility
Reduce TCO up to
Nitrobox core product capabilities
Unique product
Nitrobox provides a unique cloud platform enabling unrivaled flexibility and scalability in set-up and automation of monetization processes.
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IoT Monetization strategy
Model your monetization strategy with unlimited options: subscriptions, usage-based, one-time or hybrid. Execute changes in real-time and deploy within minutes.
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Revenue recognition
Fully automatic revenue recognition including deductions, tax or refunds. Manage subledgers, debtors, accounts and financial reporting.
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Contract management
Manage contracts from creation to fulfillment. Respond to changes in real-time and manage the whole process in one single platform.
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Convergent billing
Convergent billing in any language, currency and layout. Connect any type of data for usage rating and dynamic pricing.
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Payment automation
Integrate any payment provider or bank account. Automated processing of chargings, refunds and settlements.
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Nitrobox to take with you
Servitization and Equimpent-as-a-Service with Nitrobox
Download the PDF (EN)
Nitrobox fact sheet
Download the PDF (EN)
Video: Pay-per-Use with Nitrobox
The Deutsche Bank "Expedition150" meets Nitrobox