Asset Disposition During Liquidation

Published: February 18, 2021

You may have heard the phrase “asset disposition” regarding technology, but maybe you didn’t know exactly what it meant. Asset disposition is a critical element in liquidation. With so many businesses shuttering due to the COVID-19 pandemic, it’s important to learn how to get the most from your IT inventory.

Read on to hear more about the aspects of electronic asset disposition and the best and safest methods of asset disposition.

Asset Disposition 101

In basic terms, asset disposition describes any physical assets a company has. This can range from products to even assets such as stocks and bonds. When many companies liquidate their assets, that essentially means selling off their assets, therefore, ‘liquidating’ them to transform them from products/services into cash.

What Is IT Asset Disposition?

When you’re liquidating inventory, electronic asset disposition is a step you’ll need to take when you’re liquidating your assets. Also known as IT asset disposition, this means you’re selling or eliminating your technology equipment in the safest, most environmental way. Businesses use IT asset disposition for many reasons, including switching old, worn-out equipment for new tech and closing businesses. 

The main problem businesses face when coming up against asset disposition is ensuring that there are few losses. For this reason, it pays to contact a company experienced in this specific type of asset disposition so your business can recoup losses in numerous ways while still liquidating as needed.

Benefits of IT Asset Disposition

IT asset disposition is a must for businesses because keeping up with tech is a reality in today’s  ever-changing electronic landscape. Aside from reaping the rewards of using brand-new equipment, there are other benefits to asset disposition, especially when you do it correctly. 

These benefits include:

• Keep sensitive information private and minimize risk.
• Disposing of equipment in the most environmental, ecological way and without adding more to a landfill. This happens via recycling, refurbishing, and reusing old equipment once information is wiped from it.
• Successfully recouping losses via multiple avenues, including reselling and recycling so your business doesn’t take a financial hit in any way after liquidation.

About IT Asset Disposition Software 

Some tech companies get asset disposition assistance with the aid of IT asset disposition software. This type of software helps tech businesses assess the assets, consider value, and add in deductions when necessary.

It’s also helpful for keeping track of assets and what’s been liquidated and the process of liquidation.

Contact PlanITROI today to talk about IT asset disposition during liquidation.