Wisetek’s Remarketing Service: Financial Return for Your Redundant IT Assets
How can your organization maximize the financial returns on redundant IT assets?
Organizations across the United States and operating internationally stand to benefit from financial returns for their redundant end-of-life (EoL) IT assets. Some of these benefits include better returns on investment (ROI) for IT assets, fulfilling corporate social responsibility (CSR) goals for environmental stewardship, and increasing budgets for departments within the organization.
Given that IT budgets for large corporations can be quite substantial, it stands to reason that any attempt to maximize the ROI on EoL IT assets can yield significant financial returns.
The Cost of Corporate IT Assets
In a study by Harvey Nash/KPMG, IT budgets across organisations increased by an average of 5% during 2020. As a percentage of total revenue spent on IT assets, organizations increased spending from 2.3% to 2.7%. Organizations are spending more of their financial resources on IT now than in the past 15 years.
As depreciable assets, it is also important to consider the average lifespan of IT assets within an organization. Given that there are so many different types of devices in use, such as laptops, cellphones, printers, PCs and tablets, for example, the average lifespan can vary quite widely.
In a survey of over 1,300 IT professionals, the average lifespans of various corporate devices were found to be:
- Laptops: 88% of laptops lasted from 3-6 years;
- Desktops: 67% of desktop computers lasted from 5-10 years;
- Cellphones: 83% of cellphones lasted from 2-4 years.
In brief, cellphones and laptops tend to have shorter lifespans than desktop workstations, fax machines, and printers.
In a previous blog post, we’ve outlined some of the best practices to extend the life of tech equipment which can help reduce the need to cycle through devices as frequently.
IT Asset Remarketing for Financial Returns
One of the best ways to boost financial returns for EoL IT assets is to take advantage of refurbishment and remarketing. Selling used laptops and other devices ‘just like new’ is better for the environment, but it also generates revenue which can maximize the ROI on each device sold.
These services are essential when choosing a reputable ITAD Company to provide IT Asset Disposition services to your organization. Keep in mind that there are many risks of not disposing of IT assets responsibly and safely, so ensuring that any sensitive data is thoroughly destroyed is equally critical. Wisetek provides secure data destruction through services such as Data Destruction and Hard Drive Disposal as well as refurbishment/remarketing services.
Wisetek Market: Great for Financial Returns and the Environment
Wisetek provides maximum ROI for EoL IT assets through refurbishment and remarketing of devices which are sold on our Wisetek Market. Customers can purchase “as new” refurbished laptops, desktop computers, cellphones, and much more.
As pioneers of the Circular Economy model, customers (and organizations) can rest assured that purchasing devices through the Wisetek Market is far more environmentally-friendly than buying brand new. All of our refurbished IT assets are 100% more sustainable than buying new and we also operate a Zero-Landfill Policy which reduces e-waste for any EoL devices that cannot be refurbished and must be recycled instead.
How the Remarketing Process Works for IT Assets
IT Asset Inventory
Wisetek first creates an inventory of all redundant IT assets within the organization. Our AudIT asset management inventory is detailed and includes detailed reporting.
Evaluation of IT Assets
Subsequently, our team of experienced ITAD experts will individually analyze the condition of every redundant IT asset. Those that can be refurbished and remarketed will then be sorted for processing; those that cannot will be disposed of through recycling after having all sensitive data securely destroyed.
Operational Cost Evaluation
The total costs involved in the operation, such as labor, transportation and energy consumption are then added. These costs will be subtracted from the estimated sale value of all remarketed IT assets.
Receive Financial Benefits from Remarketed IT Assets
Refurbished IT assets are then remarketed through our global network of reputable sellers and/or through the Wisetek Market, whereby customers can purchase high-quality second-hand devices. Wisetek can help your organization track IT assets and their recovery value through returns management services such as Returntek.
How to Maximize Financial Returns for Your Organization
The first step to maximizing the financial returns of EoL IT assets within your organization is to retain the services of a global leader in ITAD services such as Wisetek. With responsible and efficient IT asset disposition, your organization will benefit from financial returns for IT assets rather than contributing to a growing e-waste problem.
The revenue generated by refurbished and remarketed IT assets sold through the Wisetek Market can be used in whichever manner your organization sees fit. The first and most obvious application of these financial resources might be to offset the procurement costs for new corporate devices.
Another sensible method of using the financial returns on IT assets is to donate to charitable organizations. Charitable contributions may be tax-deductible in the United States so long as they satisfy the definitions in section 170(c) of the Internal Revenue Code. Moreover, donations may help your organization meet CSR goals.
The financial returns could also be allocated to other departments in need of resources for their budgets.
Learn More About Wisetek and the Wisetek Market
Want to maximize your organization’s ROI for redundant IT assets? Choose a truly global leader in ITAD services and get in touch with Wisetek today.
We operate across the United States and worldwide and provide a full range of secure, efficient IT asset disposition services such as hard drive disposal, data destruction, Data Centre Services (including Data Centre Decommissioning) and refurbishment and remarketing through our Wisetek Market.
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