Growing HaaS Business Model
Westlake, OH – March 3, 2020 – With the first quarter well underway, River Capital Finance is pleased to celebrate record financing activity – continuing the momentum established in 2019, a record year for the business.
Located in Cleveland, Ohio, River Capital Finance is an independent equipment financing company specializing in Hardware as a Service (HaaS) – a subscription-based platform combining hardware, software and other support services into one simple, predictable monthly payment.
With an expertise in AIDC, mobile computing and POS equipment, River Capital works with companies across a variety of industries, including retail, warehouse & distribution, transportation manufacturing, healthcare and field service & delivery.
“We financed over 1,200 new accounts last year,” said Paul Levand, River Capital’s Vice President of Technology Financing. “Customers of all sizes and in all industries are recognizing the value that an on-demand program can provide, and we’ve been pleased to support them in realizing these benefits.”
For end users, River Capital HaaS makes it easier and more affordable to keep up-to-date with the latest technology on the market and ensure that it is stable, secure and available when needed. For manufacturer, vendor and reseller partners, HaaS helps establish a long-term competitive advantage with better account control and more predictable hardware refresh cycles.
“We launched the HaaS platform in response to many customer requests. As organizations shift from ownership to as-a-service programs, we were pleased to be able to develop this model and help customers better meet their objectives,” said River Capital President Matt Kennedy. “None of this would have been possible without the hard work and energy of our dedicated employees, and we look forward to continuing this momentum in 2020.”