What Is Asset Recovery?

IT asset management refers to ongoing operations that require paying continuous attention to finances, computing equipment, and other IT-related assets. Managing the supply chain is difficult enough without wasting valuable resources and leaving insecure data at risk of being stolen by malicious actors.

Therefore, every piece of software and hardware that exists in the IT ecosystem must be accounted for to ensure it’s properly managed for maximum growth. When assets are no longer used or reach the end of their lifecycles, it’s time for them to be disposed of, which is an essential process for maintaining sustainable operations.

With that being said, however, not all unwanted assets are worthless. Businesses can make use of the asset recovery process to make sure they get the most out of their old equipment.

An Overview: What Is Asset Recovery?

Asset recovery is the process of evaluating resources and making sure you get the most out of them throughout their life cycles.

Within IT asset management, it is an important function that results in a more sustainable environment for growth. Repurposing, remarketing, recycling, or reselling an asset can bring back some of its value, allowing you to maximize your ROI on all of your purchases.

Legally speaking, asset recovery is necessary for ensuring data is properly managed in order to maintain compliance after computing equipment has been discarded. The ability to track and certify the process of asset recovery provides a secure means of disposal for equipment that was used to store vulnerable information or intellectual properties. Through the use of the asset recovery process, organizations can ensure their data doesn’t fall into the wrong hands.

What Does the Process of Asset Recovery Look Like?

The process of asset recovery involves many steps, and businesses need to make sure they’re using best practices when disposing of their end-of-life (EOL) devices. The asset recovery process removes the guesswork from IT disposal, making it easier to get rid of old equipment without leaving important data vulnerable to theft.

When an asset management company receives a request for asset recovery, they go through the following specific steps:

• Providing a consultation
• Offering a quote
• Drafting an agreement
• Receiving the equipment
• Processing the equipment
• Disposing of or recovering the equipment
• Providing certification

It’s important to find a company that’s properly certified to handle these processes. Whether it’s secure data destruction, recycling, or asset recovery, IT equipment must be properly tracked throughout to maintain legal compliance and ensure the assets aren’t compromised.

Get Comprehensive Asset Recovery with SEAM

If you’re unsure whether your asset recovery process is capable of keeping your most valuable data safe, don’t waste time and energy with sub-par asset management strategies. With Secure Enterprise Asset Management (SEAM), you’ll have a partner that understands the data destruction process from start to finish.

Businesses in South Dakota and North Dakota that are looking for the best and most comprehensive asset recovery process will find that there’s a no better option than using SEAM for reliable, safe, and secure asset recovery.

Our streamlined asset disposition process eliminates waste and gives your company the room it needs to grow. If you want onsite or in-plant shredding and sanitization for your HDDs, SSDs, and paper documents, we service Sioux Falls and the surrounding area.

Find out for yourself how SEAM’s certified data destruction and wiping services can improve your asset recovery process. Call now!