Q: What is it?
A: Omnis (Latin meaning, "all, everything, the whole") is an innovative and purpose-built solution to optimize the cost, availability, and relevancy of business-critical technology by converting traditional capital expenditures (CAPEX) into an operational expense (OPEX). It allows organizations to keep all of their technology affordable and modern by refreshing these solutions before they become legacy problems.
Q: How does it work?
A: Hardware, software, installation, commissioning and managed services are bundled into a single solution. When an audiovisual system is on, functional and in use, it is metered and billed based on usage. When off, not functional or down due to maintenance, there is no charge. OMNIS provides organizations key data analytics on how their technology is being used and eliminates unnecessary costs during periods of low use. When the technology no longer meets business needs, the solutions are refreshed partially or in whole. This provides companies predictable operating costs to keep all of their on-premise technology working and up to date.
Q: Why do I need it?
A: Audiovisual systems are becoming increasingly resource-heavy, creating more of a burden on staff, infrastructure and budget. Large up-front capital expenditures, ongoing costs of ownership and reliance on vendors to make timely repairs prevent organizations from keeping technology up-to-date and in working order across all rooms at all times. OMNIS solves this problem by removing the upfront acquisition, providing a predictable cost for technology needs, and maintaining systems under stringent SLAs (Service Level Agreements). When systems have issues or simply don’t work, they are repaired expediently at no additional cost to the organization. Every part of a working audiovisual system is included, covered, and maintained.
Q: What makes OMNIS unique?
A: An operating lease has been the de facto method organizations historically used to acquire the technology they need without impacting the balance sheet. New lease standards issued by FASB require leasing activities to be reflected on balance sheets so investors and other users of financial statements can accurately understand the rights and obligations associated with these transactions. These new regulations are likely to change how some companies view the benefits of leasing models, while others will simply continue their leasing activities as usual. We focused on creating a product that benefits both viewpoints and continues to keep the financing activity off balance sheet. There is no term nor total cost to capitalize. We leverage the experience and strength of our well known financial partners which allows us to handle any opportunity regardless of size or scope.
If we look at the primary mechanical disparity between our solution and a traditional lease, one of the major benefits is Recursav's ability to pause billing when technology on-premise isn't working, or is down for maintenance. Under an operating lease contract, companies would still need to pay the agreed upon amount for their technology, whether operational or not. Additionally, operating leases rarely include ongoing services. Ongoing services such as maintenance, break-fix, updates, even replacements are covered in our solution. We provide a comprehensive, worry-free, all-inclusive solution for your technology needs.