Keeping track of your business’s assets is critical as it allows you to manage and track them to increase efficiency and productivity. There are many benefits to managing your assets, including increased productivity and efficiency. In this article, we’ll cover what asset recovery is and why it’s crucial for your business.
What Is Asset Recovery
IT asset recovery is an implementation strategy that manages the financial and physical management of IT resources and how they contribute to a company. Some techniques for recovering IT assets include finding ways to prolong the usable life of IT equipment, storage, and technologies. It also allows your company to gain extra office floor space and recoup value from selling older equipment.
Why Is Asset Recovery Important?
Automates Manual Processes
Tracking your assets manually is a labor-intensive and time-consuming process that pulls your team members away from more important tasks. Automating the processes allows your team to access the data quicker and make better business decisions. For example, if you manually track down end users who have to return their old corporate-owned phones, it would take a long time. If you automate the process, you instantly have the results, and you can set it up to send an email.
Ensures Data Security
An unrecovered IT asset poses a risk to your organization as it gives outside people access to your company files, data, and other sensitive information. Those people can then use that information against your company or your clients, potentially ruining your reputation in the process.
Helps Future Budgets
When you’re updating or replacing aging equipment and technology, one of your main concerns is the budget of the company or the department. Since you need the right equipment for your business to remain competitive, IT asset recovery helps to reduce some of the budget constraints you may face.
Keeps Track Of Assets
IT asset recovery allows you to keep track of all the assets you own, how they’re used, and where they’re located. If you discover that one or more of your assets aren’t located in the correct area or aren’t being used, IT asset management allows you to take steps to ensure they’re used properly.
Manages Compliance Costs
When you wish to dispose of your old equipment, your company needs to do it responsibly to ensure that nobody outside your company can access your data. Companies usually dispose of IT assets if they can’t relocate, recycle, refurbish, or sell the assets. To ensure that nobody can access the data on disposed equipment, the assets undergo a process that makes the data unrecoverable before disposing of the asset in accordance with state, industry, federal, or local regulations.
With IT asset recovery, you need an expert to ensure that your organization complies with all relevant rules and regulations. EDM provides cost-effective, efficient solutions, and we handle everything from end-of-life assets to high-end valuables.
