DMG MORI launches subscription business with PAYZR
DMG MORI launches subscription for mechanical engineering: PAYZR – PAY with Zero Risk – is the name of the new, digital business model. Customers can subscribe to machines instead of purchasing them, accelerate innovation cycles and at the same time avoid high investment costs. With PAYZR, DMG MORI becomes the “Netflix for Manufacturing”.
“Sub & all-in instead of investment and purchase is the key to success. No investment risk, no down payment – but full financial flexibility, cost and price transparency and thereby highest planning security. From now on, we are offering PAYZR for both Equipment-as-a-Service and Software-as-a-Service,” says Christian Thönes, Chairman of the Executive Board of DMG MORI AKTIENGESELLSCHAFT.
New, digital business models are the future and expanding the classic machine and service business by networked, scalable platform-based solutions. DMG MORI is therefore increasingly investing in end-to-end processes that can be made available to users quickly, scalable and inexpensively. PAYZR represents – in addition to purchasing, financing or leasing – the digital and flexible alternative as a subscription model.
With PAYZR, customers get exactly what they need. And they only pay for what they use – with Equipment-as-a-Service in the form of a monthly basic fee and usage-based fee per spindle hour. DMG MORI thus facilitates the transition to the new normal and manufacturing of the future. This is particularly attractive for start-ups and smaller companies.
Access to PAYZR is simple and possible via several digital channels, such as the DMG MORI website or the “my DMG MORI” customer portal, where single sign-on takes you directly to the new “DMG MORI Store powered by ADAMOS”. In the digital point-of-sale for all PAYZR offers, there are four products at the start: the 3-axis milling machine M1 as Equipment-as-a- Service as well as the Software-as-a-Service solutions from ISTOS, TULIP and WERKBLiQ. As “Netflix for Manufacturing”, DMG MORI will continuously expand the PAYZR offer in the coming months and years.