Imagine 21,000 assets to tackle in a manual asset refresh, with only eight IT administrators working on the project. That’s almost 2,700 assets per administrator. It’s stressful just thinking about it.
At Mobile reCell, we conduct entry and exit customer interviews to gain insights on how our software improved their asset recovery experience.
One of those customers is a thriving global airline with assets scattered across the country.
The airline had no visibility into their asset recovery process, which resulted in a device refresh spanning years.
Once Mobile reCell began working with the airline, the customer experienced a shortened timeline of nine months, and their asset recovery rate increased to 96%.
“Mobile reCell’s services made our iPad refresh a resounding success,” one of the airline captains confidently expressed. “From end to end, they worked with us to make the process user-friendly. Their software made monitoring the recovery process easy.”
Like our airline customer, modernizing your company’s asset recovery process with the addition of a software-driven asset recovery partner will transform the way you and your team approach the end of an asset’s lifecycle.
How will you know which solution is the best for your organization?
Compiling a list of your increasing asset recovery needs is the first step to making an informed decision. Here are four essential items to keep in mind when determining an asset recovery partner.
Ensure Data Security Risks are Addressed
According to T-Mobile, 41% of data breaches stem from lost laptops, smartphones, and tablets.
With our current technological advances, most electronics run the risk of being compromised, but portable assets tend to be more vulnerable.
If portable IT assets are left unprotected in a public location, there is a possibility that a cybercriminal could install malware on them.
- Laptops – More than 22% of consumers have detected malicious software on a Wi-Fi network, tablet, smart home, or other connected assets.
Many laptops contain password managers that can be breached, potentially providing access to valuable corporate data.
In addition, end users could have thousands of company files stored directly on the laptop hard drive.
- Smartphones – Smartphones contain thousands of apps, which users can download but could unknowingly be a high-risk app.
Smartphones also include digital wallets, which may have company-issued debit or credit card information on file. If the smartphone is breached, the cyber attacker could gain access and make unauthorized purchases with company accounts.
End users should be cautious about enabling “Join available Wi-Fi networks” on their smartphones, as each available network should be evaluated for its trustworthiness before accessing it with a corporate-issued asset.
- Tablets – Company-issued tablets generally have access to company emails, apps, and websites housing valuable corporate data.
With more than 70% of online fraud targeting mobile platforms like tablets, it’s critical end users understand the risks associated with accessing that data on mobile assets.
An asset recovery software can help your IT team identify which deployed assets should be recovered and when, along with which end-user to contact for the recovery of each asset.
An ideal asset recovery partner will provide you with a Certificate of Data Destruction for every asset recovered and processed by their team. These certificates can be used to prove compliance when your company is audited for data security standards and regulations.
Automate Manual Processes
When a company issues IT assets—laptops, smartphones, and tablets—to its employees, it can be time-consuming and labor-intensive to recover those assets when they are due for an upgrade or when an employee leaves the organization.
Many asset recovery partners expect you and your team—the customer—to recover the assets and then ship them in bulk to the partner for processing. (FYI: That’s not the case here at Mobile reCell.)
Choosing an asset recovery partner with a software-driven approach and automation capabilities can decrease the amount of time your team spends recovering assets and increase your overall asset recovery rate.
A robust asset recovery software provides visibility into the asset recovery process, allowing you to track an asset from the time the shipping company takes possession of the asset to its resale through a secondary marketplace.
Maximize Your Financial Return
An effective IT asset recovery strategy also addresses what to do with retired assets that may no longer be useful for your company but could be useful for someone else.
We assist in reselling assets through our established marketplace of buyers, where we help identify the best fit based on asset type, grade, and volume.
Our established secondary marketplace has more than 3,000 active, ready-to-purchase buyers. We know our buyers and the assets they’re looking to purchase.
This allows us to reach out to the best buyers for your recovered assets and receive the maximum dollar amount for you.
Our fair market value tools also allow you to determine the resale value of depreciating assets based on the assets’ condition, grade, and model. Using these tools, you can estimate the value of your idle assets sitting in a drawer or IT closet.
Knowing your idle assets’ worth can help your organization maximize return and further additional IT projects by converting idle inventory into usable capital.
Amplify Your Environmental Impact
Did you know recycling five-hundred mobile devices is equivalent to eliminating carbon emissions of an entire car for a year?
We repurpose and resell recovered assets to extend lifecycles, as many assets are left functional and valuable after recovery.
Extending asset lifecycles significantly benefits the environment because it prevents electronics from becoming e-waste or ending up in a landfill.
Reusing recovered assets allows individuals in the secondhand market—such as education or under-resourced communities—the opportunity to use newer technologies.
The ideal asset recovery partner should provide customized environmental impact reports to show your environmental impact in easy-to-understand comparisons and measurements.
Choose a Solution that Will Help in the Long Run, Not the Short Run
Recovering or refreshing assets manually can be overwhelming and may lead to burnout amongst your team. Leave the traditional way of doing business in the past, and optimize a bright future for your team.
Automating manual processes will rejuvenate your asset recovery strategy, as it: saves you time, eliminates the risk of errors during large projects, and reduces your organization’s workload in logistics, recovering, and processing.
Choose the only software-driven solution—Mobile reCell—to improve efficiency in your asset recovery projects and, most importantly, overall employee satisfaction.
Want to learn what else you should be considering when it comes to asset recovery partners and solutions?
Download our complete list of items to consider when determining an asset recovery partner.