December 2, 2022

Monthly subscription services are becoming more and more popular. What started out with Netflix providing movies rentals as a service has transformed into many industries pursuing a monthly service-based subscription.

For example, software as a service (SaaS) has become the go-to method of distributing software. Rather than paying a hefty fee upfront, you pay a manageable monthly fee in order to utilize the software. The developers provide support and regular updates, ensuring you are always using the best version.

We are also seeing newer models emerge, such as hardware as a service (HaaS). So it’s not just about leasing the software that runs on your devices, but now you can now be leasing hardware, too. This can drastically lower startup expenses for new companies.

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Wondering why using a hardware device as a service company is worth it? Read on below to find out now. 

HaaS Business Model

So what is the hardware as a service business model? It’s kind of like leasing a car. When you lease a car, you are making monthly payments for the privilege of using the car.

But you don’t own a car. And as such, your responsibility for the car is limited. If something goes wrong, it’s not your responsibility to fix it. The dealer will take care of that for you.

At the end of your lease period, you aren’t stuck with that car. You can sign a new lease for a brand new car, and continue driving around the latest model.

When you run a company, there are physical devices you need to power your daily operations. This includes computers, phones, and servers. In the past, you would’ve had to purchase all of this equipment upfront. You would need to hire people to install and maintain it.

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And if something goes wrong, you have to pay to fix it. But HaaS simplifies all of that. You just choose a provider, they bring the equipment, handle the hardware installation, and maintain it all.

When the equipment is no longer top of the line, they can replace it with new equipment so that your company runs as efficiently as possible. 

Benefits Of Hardware As A Service

There are many benefits to this business model. If you’re a small or medium-sized company, funds may be limited.

Often, this means getting by with the cheapest equipment you can get your hands on. Your employees have to deal with lower quality computers and servers.

But with HaaS, you can put the highest-quality equipment in their hands, boosting their productivity and work satisfaction. Because there is no start-up cost, just a manageable monthly fee, good equipment becomes accessible to almost any business. 

You can also pair your HaaS equipment leasing with managed IT services if you choose the right provider. Look here for more information on getting the most bang for your buck. 

Boost Productivity With HaaS

Hardware as a service makes sense for most businesses that don’t work in the technology sector. For any standard organization, such as an insurance company, a retail store, a call center, or a marketing agency, hardware as a service provides you with the best technology for less.

Your employees can do better work, and faster, increasing your bottom line.

Looking for more information? Head over to our blog to find other helpful business tips.