Everything-as-a-Service
From assets to business outputs
Everything-as-a-Service
From assets to business outputs
Digitalization has a potential to cut off many unnecessities in nearly everything we do. XaaS (Everything-as-a-Service) is one natural and important component in this transformation. One part of XaaS is EaaS; Equipment-as-a-Service, which is adding more complexity to digitalization: physical machinery, which – unlike traditional software solutions – cannot be delivered on cut&paste logic to the customers.
This is a challenge yet to be completely solved and accepted by the markets. Burland Energy and our already completed tasks position us well versus other ideas and projects currently under development.
Why is XaaS important?
There are fundamentally three reasons; firstly literally every single organization is currently planning – or executing - their digital transformation. This transformation is touching all processes, departments and the entire organizations and leaving physical machinery out of this trend should not be an option. Secondly the new IFRS-16 accounting standards (effective as of January 1st, 2019) made all operating leases obsolete, hence increasing customers’ CAPEX challenges. Thirdly the circular economy is becoming a new normal in addressing some of the environmental challenges and tangible products represent obviously a big portion of this.
Some other benefits include budget optimization, back-to-back billing and increased transparency.
Random and individual EaaS products hardly add any value alone, but as a critical part of the overall digital transformation they certainly contribute. Markets will eventually dictate the future shape of XaaS and we need to be ready to adapt. Continuous new product development is mandatory.
In this context we have found our position in working closely with both equipment financing and manufacturing companies. Some of our core services to these clients include (but not limited to)
Equipment finance/ bank/ leasing:
Provide the clients a XaaS platform to their markets by using our tangible expertise and know-how (audited legal and accounting framework, asset specific product development, efficient resources usage, etc.). This work is usually carried as an internal development mandate.
Equipment manufacturer:
Equipment specific program development including initial feasibility assessment, actual program design and implementation. This work can be done on behalf of a manufacturer or initiated by Burland Energy, based on markets' requirements.
Everything-as-a-Service
From assets to business outputs