How cloud-based software can help businesses move away from current models based on growth to closed loop systems
Innoverne, established in 2011, is hoping to help businesses make the transition from current volume-based business growth models to ones that embrace the ‘circular economy’ with its software services.
The company’s new cloud-based software Hirefox is designed to make it easy for a company to implement a closed-loop programme and turn its products into services or charge customers per use. This lets manufacturers, distributors and retailers earn multiple times from a single item, reducing their reliance on the need to always sell more to grow. Clients can use Hirefox to manage the conversion of their products into services, offer Try Before You Buy, and manage rental and return cycles at multiple warehouses and depots.
Innoverne founder and managing director Julian Thomas said: “The current model, based on growth, is flawed. Innoverne can help your organisation adapt its business model quickly and easily.”