Experience in secondary markets, proven commitment to the environment, and secure data-wiping processes are all crucial traits in an off-lease equipment remarketing partner.
Selecting an off-lease equipment remarketing partner is one of the most important decisions you will make as a company executive. Failure to choose an experienced partner can leave your company at risk for costly penalties and may compromise confidential data. Even worse, your company’s reputation could be tarnished indefinitely if you do not choose a dependable remarketing partner.
The good news is that you can minimize these risks by restricting your search to remarketing partners that exhibit three key qualities. By seeking a well-connected, environmentally-conscious firm with sound data security policies, you can help protect your company’s future. When it comes to remarketing your off-lease assets, don’t settle for a partner without the following three things:
1) Deep connections in important emerging secondary markets
Beware of generalist remarketing companies that dispose of your company’s aging IT equipment without offering any return value to your organization. Selecting a remarketing provider with deep connections and experience in secondary markets will help your organization earn a higher ROI. Has your prospective partner realized the potential of secondary markets in Latin America?
Remarketing providers with deep connections in emerging secondary markets often have a strategic approach to handling your off-lease equipment to help maximize your financial returns. They will conduct an exhaustive audit of your IT equipment, noting serial numbers, year of manufacture, and equipment model. With a wide distribution network and processing centers in several countries, they can quickly move product to markets where demand is high. This will help increase your company’s gross profit margin.
2) A commitment to environmental responsibility
“As environmental concerns are on the rise, e-waste disposal has become one of the most critical considerations for the technology industry.” – Bristol Herald Courier
With the amount of electronic waste projected to hit 49.8 million tons in 2018, it is vital for your company to select a partner that uses safe, environmentally-friendly measures to recycle your e-waste. The remarketing partner you select should meet the following criteria:
- R2 Standard, the electronics recycling industry’s leading certification, which illustrates a dedication to environmental safety measures and quality control.
- ISO 14001, ISO 9001, OHSAS 18001
3) A consistent, highly secure data-wiping process for off-lease equipment
Selecting a remarketing provider with a proven track record of proper data-wiping is critical to preventing data breaches. With data breaches costing companies millions of dollars, you can hardly afford not to choose a remarketing partner that uses approved data-wiping procedures. Before entrusting your IT equipment to a remarketing partner, be sure to confirm exactly how they adhere to data-wiping standards in your industry and geographical location. Most importantly, make sure your partner offers data erasure validation to give you the peace of mind that you deserve.
Finalizing Your Decision
As outlined above, there are three key priorities that your off-lease equipment remarketing partner should have. In addition to these priorities, you should choose a partner with at least a decade of industry expertise and a passion for helping your equipment leasing company grow and prosper. By using care when selecting a remarketing partner, you will help your company enjoy a healthier bottom line and a sound industry reputation.
Mainstream Global, Inc., headquartered in Lawrence, Mass., owns and operates ISO 9001, 14001, OHSAS 18001 and R2 certified processing centers in the United States, Colombia, Peru, Chile, Argentina, and Brazil. With over 19 years of directly servicing and re-selling assets from top-tier manufacturers, Mainstream Global is the recognized expert. Our partners rely on us for compliance, security, professionalism, and brand protection, all while providing the best returns and prioritizing global environmental standards.
Read more:
How concerned should companies be about 5G?
Video: A day in the life of an IT asset
Equipment management: Five trends to watch in 2019
