Author: Steven Malmgren, Digital Sales Strategy and Execution, HPE Financial Services
Traditional ITAD services are obsolete and no longer effective in managing your end-to-end IT. There are better options. Sustainability solutions are the key to unleashing value from aging equipment to help you accelerate your digital strategy and stay out of the dark ages.
Is it cool to say that traditional ITAD is archaic? When it comes to ensuring the success of your tech property, ask tough questions and make tough calls. Knowing when to say goodbye to outdated processes and infrastructure is difficult, but necessary to drive innovation and build a competitive advantage.
When creating an IT-of-life strategy, many organizations consider looking for an IT Asset Disposition (ITAD) provider. Depending on the size of your IT property, this may be an “ok” option. But if your goal is to ensure business continuity in the new global landscape, is “ok” enough? When evaluating opportunities and partners, ask a few questions:
- What happens to your equipment when it pulls away on a truck?
- Have you complied with data compliance laws? Can your partner help you ensure that your company’s and customer’s data does not end up in nature?
- The proverbs, one person’s junk is another’s treasure, also apply to IT assets! Is there a residual value in the asset that can help you finance its replacement?
- How can you be sure that your IT assets are disposed of responsibly?
As a global leader in IT finance and with deep technical insight, HPE Financial Services (HPEFS) has created a strategy to answer these very questions.
Leads the way
I was fortunate enough to begin my journey at HPEFS in Andover, Massachusetts, in one of the HPE Technology Renewal Centers (TRCs) that handles both end-of-lease and customer-owned assets. The facility is massive (actually the largest in the world) and it is immediately clear that the team has perfected their craft. Everything has a place and a process – asset intake for review, security control, data cleaning, storage and packaging. You can see the commitment to sustainability across all the technology that HPEFS has in TRC. Technology ranges from the workplace (laptops, desktops, monitors and more_ – to the data center servers (servers, storage, networks). And not just HPE and HP tech – all tech. Because HPEFS not only funds third-party equipment, they also offer asset management programs for third-party assets in 37 countries that HPEFS serves globally.
As you can imagine, managing IT assets with secure data globally is an extremely complicated task – fortunately, HPEFS is an expert in international data security and environmental legislation. If you want the opportunity to visit these facilities yourself, I highly recommend the virtual tours here.
With all these options for managing inbound IT equipment for rent, HPEFS created its Asset Upcycling Services solution for customers who want to put their owned IT assets through the same sustainable and secure process. In FY20, HPEFS processed over 3 million multi-vendor assets totaling over $ 230 million. As a result. Yes, you read that right! If there is a residual market value for your IT equipment, HPE Financial Services will return this value to help you finance your next IT project.
Asset Upcycling and the Circular Economy
While these are all incredible opportunities, one of my favorite things about HPEFS and their Asset Upcycling Services is the commitment to sustainability compared to a typical ITAD. With Asset Upcycling, HPE commits to a circular approach, where all equipment returns to the technology innovation centers and has found a new life for more than 89% of the equipment received.
The HPE Financial Services Asset Upcycling program is more than just ITAD. It can help you develop a hardware lifecycle strategy that will not only manage your end-of-life IT, but also fund innovation while contributing to a more circular economy.
Look beyond traditional ITAD
There is more use stored in your assets than you might think. Before calling an ITAD provider, think about your entire asset management strategy and ask the important questions that can help speed up your digital and sustainability strategies.
To learn more about HPEFS Asset Upcycling, visit the HPE Financial Services IT Assets Lifecycle Solutions website for more details.