Over the past few decades hardware and software acquisitions have occurred via traditional capital expense cost models. This approach has required organizations to pay large amounts of up-front fees for the use of long-term assets. The return on investment (ROI) has hardly proven to be positive for a majority of these capital expenditures in the SMEs community. However, SMEs continue to buy these critical business resources on "trust" that the value and benefit will be realized sooner than later.
As technology evolves, companies' quest of finding new ways to reduce cost and complexity of maintaining their IT system grows. Many companies have slowly moved their IT system from on premise to the cloud; this has help greatly in keeping up with the fast changing tech world and reducing cost significantly. However, it has been proven a challenge for many SMEs to adopt this model a 100% due to many shortfalls that comes with this model.
Magniss Pay-As-You-Go is a Hybrid SaaS model that has arisen in response to the drawbacks of the pure SaaS model to provide the advantages of the SaaS model, while mitigating the potential drawbacks of on premise solution.