Hardware as-a-Service (HaaS) is a model that allows you to purchase hardware and rent it to clients as part of their managed services. With GreatAmerica HaaS, current clients of traditional financing can offer this model with GreatAmerica as their funding source.
Under GreatAmerica HaaS, you sign an agreement and we pay you to procure the technology. Then you include the hardware as part of your managed services offering.
The best components of HaaS and Leasing. We pay you upfront for the equipment and invoice the customer monthly for everything including your managed services.
Convert your existing As-A-Service programs into cash flow. We fund you for the devices, you pay GreatAmerica monthly, and include the devices in your managed services.
Turn unreliable maintenance contracts into recurring monthly revenue. Bundle your recurring charges with the monthly payment for a simple, single invoice for the AV solution you sell.
What is the difference between a Hardware as a Rental and Hardware as a Service with GreatAmerica?
You might be wondering what the chief differences between HaaS and HaaR. This handy matrix breaks down some of the main features between the two offerings we provide.
Features
Build Recurring Revenue with Hardware as a Service
Turn Hardware into Recurring Revenue
Build your recurring revenue by turning hardware into monthly payments.
Standardize More Product Lines
Help clients adopt the technologies lines you want to support.
Encourage Refresh Cycles
Make technology refreshes as predictable as your managed services.
Free Up Cash for Business Growth
Use your cash to grow your business, not tied up in customer’s hardware.
Frequently Asked Questions About Hardware as a Service
Why is there a credit line limit on Hardware as a Service, and not Hardware as a Rental®?
With Hardware as a Service, we are credit underwriting you, the technology provider. Your credit can only extend to a point. With Hardware as a Rental, we are credit underwriting your clients. That models scales much better, since each client will be taking on the risk of financing the technology to run their business.
Why is Hardware as a Service limited to specific product lines?
We are credit underwriting you, the technology provider, to purchase and distribute to your client base. Since your credit can extend only so far, Hardware as a Service is best when deployed with one or two product offerings.
Are there product lines that work best for Hardware as a Service?
The product lines that work best under a Hardware as a Service model are Backup Disaster Recovery (BDR) products, firewalls, laptops and PCs, and endpoints related to a Unified Communication solution.
Does Hardware as a Service have a non-cancellable agreement?
Yes, Hardware as a Service has a non-cancellable agreement. The technology provider signs the agreement, and must make the contracted payments for the term of the agreements without cancelling. It is up to each technology provider to include the cost of the devices under their Service Level Agreement, and determine whether their contract is cancellable.
What do I have to sign for Hardware as a Service?
Depending on the structure, term, and type of equipment being financed, a non-cancellable finance agreement will be signed between GreatAmerica and the Solution Provider.
What does my customer have to sign for Hardware as a Service?
There is no required GreatAmerica documentation for your clients to sign under a Hardware as a Service arrangement. The agreement is between GreatAmerica and you.
What is the difference between HaaR, HaaS, and Leasing?
Ever wonder what the differences and similarities are between Hardware as a Rental®, Hardware as a Service, and leasing? This article breaks down how each is the same and different, with a handy matrix at the bottom.
