Scription provides a subscription-based maintenance platform for commercial and industrial equipment, bundling parts, labor, and service level agreements into a single plan. This model reduces equipment downtime by three times and stabilizes maintenance costs, addressing the unpredictability and high expenses associated with traditional hourly maintenance services.
Funding
$4.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Commercial and industrial equipment maintenance traditionally relies on hourly rates for parts and labor, leading to unpredictable costs, delayed response times, and neglected preventative maintenance. This model disincentivizes efficient repairs and rapid service, resulting in costly downtime and variable expenses for equipment owners.
Solution
Scription offers subscription-based maintenance plans for commercial and industrial equipment, bundling parts, labor, and service level agreements into a single, predictable plan. This approach aligns incentives to prioritize equipment uptime, reducing downtime by up to three times and stabilizing maintenance costs. The platform provides an end-to-end solution for pricing, selling, and managing personalized maintenance contracts, integrating with existing systems to streamline service delivery and claims processing. By shifting from an hourly rate to a subscription model, Scription ensures that all stakeholders benefit from consistent equipment performance and reduced operational disruptions.
Target Audience
Scription targets commercial and industrial equipment owners, particularly in sectors like commercial foodservice (quick service restaurants, convenience stores, casual restaurants), seeking to reduce downtime and stabilize maintenance costs. The platform also serves service partners looking to expand their serviceable asset base and generate recurring revenue.
Features
- Personalized subscription plan pricing calculated using millions of data points
- Service and work order management system for generating, logging, and analyzing work orders
- Dispatch and scheduling tools with notifications, visualizations, and collaborative features
- Mobile technician app for work order completion and data entry
- Inventory and logistics optimization for warehouses, service vans, and forward stocking locations
- Digital claims process linked to specific work orders
- Integrations with existing software systems via shared licenses