IT Asset Recovery Services
Every company’s operations are fast-paced and have several moving parts. Multiply offer the asset recovery and retrieval solutions you need to optimize the process of getting devices back from employees whether they are in an office or working from home. Save your team time and make your CFO happy by working with us get back your assets today.
We are here to help
The Benefits are Endless
RECOUP INVESTMENT ON EQUIPMENT
Whether it is through disposition or using the asset for another employee, getting it back is the first step.
DEFINE YOUR RETURN
The best way to ensure you get your devices back to have a process in place. We can help you do that effectively.
EXPAND YOUR IT TEAM'S CAPACITY
Getting assets back from former employees is difficult. Let your IT team focus on the bigger picture, we’ll handle these tasks.
Learn how we can Multiply your team’s success.
IT Asset Recovery Services
Every company’s operations are fast-paced and have several moving parts. That includes employees who leave the company and need to return the equipment they were using or trying to implement the right processes to ensure equipment is retired and upgraded efficiently. That’s where IT asset recovery services come into play.
Asset recovery is the IT asset management and retrieval solution you need to optimize these processes. That’s especially true for large organizations with many locations or the growing amount of businesses that have remote workers where these processes are tougher to manage.
If you’re searching for “asset recovery services near me” or simply wondering how you can streamline your company’s processes, we’ll have all the information detailed in this article. Stick around until the end to learn everything you should know about asset recovery.
How Does Asset Recovery Work?
What Is the Process of Asset Recovery?
Assessment will consist of aspects like:
What Is the IT Asset Recovery Process?
Josh is a remote sales rep who uses a company laptop, computer monitor, keyboard, mouse, and webcam that the company provided for him.
Josh is just wrapping up his two-week notice since he is leaving the company, and he receives an automated message detailing the specific equipment he needs to return and how he will be able to pack and ship it back to the company.
Once Josh follows through on that and the company receives it, the equipment can be marked as received in inventory systems. It is then assessed to determine if the company can still get additional value from it.
They determined that the laptop and webcam could be put in backstock for future use, and the computer monitor, keyboard, and mouse could be provided to a new employee who is just starting in another department. This helps them retain additional value from all these items.
The accounting department currently uses desktop computers in the office. However, the company is transitioning to a hybrid work environment and knows its accounting staff will need a more portable setup. They decide to upgrade to new laptops to make that a possibility.
Once the new laptops are purchased, they are each assigned a barcode number and a specific employee name who will be using it.
The old desktop computers that the accounting team was using still hold value. Therefore, the company works with the asset recovery specialists at Multiply to clear all the data from all these computers and secure resales that get the most value back from them.
How Long Does Asset Recovery Take?
The length of the asset recovery process is tough to estimate since various factors are in play.
The initial recovery from employees to return equipment will usually take 48 hours to 1 week, depending on whether they need to ship the equipment back to the company and how quickly their response time is. It’ll typically be quick and easy when using automated systems that our team at Multiply can help with.
Other aspects like assessing the equipment, recycling, reselling, or repurposing can take somewhere in the range of a couple of weeks to a month. However, a variety of factors and company processes can make this take longer or shorter.
How Do Asset Recovery Companies Work?
As mentioned, asset recovery companies can be your partner in this process. Companies like our team at Multiply can act as an outside resource to help with all your recovery needs. That’ll include aspects like:
- Helping maximize the use of your assets
- Automating employee offboarding
- Recovering equipment from remote employees
- Implementing proper data security measures
All these aspects work together to help you get the most value out of the equipment you own.
How Much Do IT Asset Recovery Services Cost?
The cost of asset recovery services varies depending on the recovery company you work with and your specific needs. Many of these services are somewhere in the range of $2,500 to $10,000 as an upfront fee.
While asset recovery services can seem like a steep cost, think about how much money you invest in IT assets. For instance, if you have 40 remote employees who all possess $1,000 worth of equipment, that’s $40,000 you have invested. You’d want to ensure you maximize the value of all that equipment each step of the way.
What Is an Asset Recovery Service?
Asset recovery services are teams of IT consultants and technicians like our team at Multiply. We act as a partner in the process to take extra work off your plate since these tasks can cause a lot of frustration when you aren’t familiar with them or simply don’t have time to manage everything.
We can fully assess your company’s needs and determine the right options for you. That way, you’ll feel confident knowing you have a custom-made solution designed for all your needs each step of the way.
What Are the Options for Asset Recovery?
Many types of asset recovery and other solutions can be included with this service. The main two are retrieving assets when employees leave the company and when equipment enters disposition. Other services you’ll find within recovery include:
- Data wiping
- Reselling, recycling, or repurposing old assets
- Audits and compliance reports
- Inventory creation and management
- Asset storage solutions
- Implementing automation systems
All these elements and more can play a factor in a successful recovery. For more resources, Multiply can help with all your needs.
How Multiply Can Help!
Multiply is a team of IT consultants and senior service technicians. We can help with IT asset management and recovery solutions to ensure you receive the most value from the expensive equipment you invest in.
With Multiply on your side, you get a partner in the process who will assist you each step of the way. All our services take the hassle and frustration out of these processes so you can focus on other important aspects your company has to manage.
Contact us today to learn more about how Multiply can help!