Wisetek’s Remarketing Service: Financial Return for Your Redundant IT Assets
Can organisations realise financial returns from end-of-life IT assets?
Organisations can avail of financial returns from their redundant IT assets, which can then be used for maximising the return on investment (ROI) of new IT assets, improving corporate social responsibility (CSR) endeavours, or boosting departmental budgets within the organisation.
The IT budgets of many modern businesses can be quite large, so any attempts to maximise the ROI of IT assets can leverage substantial financial benefits. This blog post will outline key methods by which organisations can achieve this goal.
The Cost of Corporate Digital Devices to an Organisation
A CIO survey conducted by Harvey Nash/KPMG revealed that in 2020, IT budgets increased by an average of 5 per cent as a result of the global pandemic. When taking into consideration the percentage of revenue spent on IT assets, organisations increased by 2.3% to 2.7%. In brief, most organisations are now spending more of their resources on IT assets than in perhaps the past 15 years.
In terms of the lifespans of corporate digital devices, there are many factors to consider that can affect the lifespan of various devices, such as laptops, desktop workstations, tablets, printers, and so on. A survey conducted with over 1,300 IT professionals found the following lifespans for various corporate IT devices before needing replacement/decommissioning:
- Laptops: 88% lasted between 3-6 years (48% 3-4 years; 40% 5-6 years).
- Desktops: 67% lasted between 5-10 years (46% 5-6 years; 21% 7-10 years).
- Mobile phones: 83% last between 2-4 years (42% 2 years; 41% 3-4 years).
It seems to be the case that mobile phones and laptops, two very commonly-used devices in organisations, have comparatively short lifespans when compared to desktops, printers, and fax machines. There are some best practices to extend the life of tech equipment, which can reduce expenditures on new assets, but considering the cost of acquiring new IT assets and their lifespans, it should be clear that businesses typically churn through massive quantities of redundant assets at considerable cost.
Boost Financial Returns with IT Asset Remarketing
Organisations that need to dispose of large quantities of IT assets can do so in a more cost-efficient and secure manner with services such as refurbishment and remarketing. Keep in mind that there are many risks of not disposing of IT assets properly, which makes IT Asset Disposition critical for data security as well.
Rather than dispose of redundant assets with no financial returns, organisations can maximise their ROI by providing redundant IT assets to an ITAD Company such as Wisetek which can dispose of the assets while also ensuring that all sensitive data is destroyed with secure Data Erasure. IT assets that can be refurbished and remarketed can subsequently be sold for profit, giving the organisation a financial incentive to remarket redundant IT assets.
Refurbished Devices at the Wisetek Store
What can be gained from having redundant IT assets refurbished and remarketed? In brief, organisations stand to benefit from financial benefits, CSR initiatives, and reducing e-waste through sustainable reuse of devices.
Wisetek operates a Circular Economy model which aims to minimise needless e-waste and maximise refurbishment and remarketing of redundant IT assets.
This is achieved through two main endeavours: firstly, our Wisetek Store serves as an e-commerce portal whereby customers can purchase “as new” refurbished devices that are 100% more sustainable than buying new devices, and secondly; Wisetek operates a Zero-Landfill Policy that reduces needless e-waste and instead reuses or recycles redundant IT assets.
How the IT Asset Remarketing Process Works
1. IT Asset Inventory
Wisetek creates a detailed inventory for all of your redundant IT assets to create an asset management inventory. We also provide our AudIT services for organisations in need of a complete physical inventory of all IT assets.
2. Asset Evaluation
Our experienced team will then analyse all of the inventoried IT assets and assess whether or not they can be refurbished and remarketed or if it needs to be recycled. Hard Drive Disposal and other such services from Wisetek ensure that all IT assets will have all sensitive data thoroughly destroyed.
3. Operational Cost Evaluation
Wisetek will then sum up all operational costs that will be involved in the remarketing process, including labour, logistics, and energy resource consumption. The total is then subtracted from the total estimated sale value.
4. Enjoy the Financial Benefits of Remarketed IT Assets
Your organisation’s refurbished IT assets will then be remarketed with our global network of sellers and/or on the Wisetek Store for purchase by private individuals. Services such as ReturnTEK can help your organisation track assets and recovery value. Sale profits will be split between your organisation and Wisetek, so you’re free to reallocate these financial resources however you please.
How Organisations Can Leverage their Financial Returns
If your organisation has retained the services of a reputable ITAD company such as Wisetek for redundant IT asset remarketing, you can expect to see significant financial returns from what would otherwise be worthless e-waste.
How can management allocate these new resources within the organisation? There are many possible uses, with perhaps the most obvious being to offset the cost of purchasing new IT assets.
Charitable donations can also be an excellent, humanitarian way of allocating these resources. This can fulfil the goals of your organisation’s CSR strategy, as well. Depending on the jurisdiction in which your business operates, these may also be tax-deductible.
Lastly, the financial returns can be allocated to various other departmental budgets in need of capital.
Remarket Your Corporate Devices with Wisetek
Is your organisation in need of reliable financial benefits to offset growing IT asset expenditures? Have your redundant IT assets refurbished and remarketed for a profit with Wisetek’s range of ITAD services for global businesses.
We offer a wide range of secure data destruction, logistics, and Data Centre Services such as Data Centre Decommissioning to help organisations remain compliant and secure. Our sustainable circular economy model also helps businesses maximise ROI and to gain financial returns for redundant IT assets.
Visit our Wisetek Store to see our premium remarketed devices available for purchase, including premium Refurbished Laptops, Refurbished Chromebooks, Refurbished MacBooks, Refurbished Tablets, and Refurbished Phones. Reach out to us at Wisetek by email or read more about our services here on our website.
For more information, please contact enquiries@wisetek.net or visit our website.
You might also be interested in the following articles:
Data Centres Risk Financial Loss and Data Breaches by not Disposing of IT Assets Properly
Best Practices for Global Organisations to Extend the Life of Tech Equipment
Whitepaper: Refurbished Digital Devices – The Future of the Circular Economy