NEXTGEN Group has launched a new financing business, Orbus Capital, in a bid to help channel partners offer IT-as-a-service under a subscription model to their customers.
Orbus, which is an independent company under the NEXGEN Group, provides 100 per cent financing on traditional hardware, software, and cloud, software-as-a-service (SaaS) and hosted services.
Ultimately, the Orbus offering establishes a finance model for partners to provide flexible payment solutions for cloud-based, subscription-based products and services.
“The Orbus model is designed to enable partners to transact simply and easily with their customers,” Orbus managing director, Mike Sheeran, said.
“They are looking for simple subscription style payment plans, either monthly or quarterly, which can be scaled as business requirements change across enterprise software, hardware and services.”
Orbus Capital’s payment solutions are available to resellers regardless of whether they are currently working with NEXTGEN as a distributor, meaning that procurement of products under Orbus financing does not necessarily have to be done via NEXTGEN Distribution.
“The establishment of Orbus is a very strategic play for the NEXTGEN Group that evolved from a gap in the market, created by the rapidly changing “as a service” environment,” NEXTGEN Group CEO, John Walters, said.
“Our vendors, partners and customers are looking for alternative ways to finance digital transformation technologies, especially in today’s world of cloud, SaaS, PaaS, and IaaS solutions.
“We have combined the leading models and intellectual property from both the cloud distribution and the financing industries to set up Orbus."