5 Ways An ITAD Program Benefits Your Business

Summary: If you’re a small business owner reading this, then you’re starting at the right time. The larger a business gets, the more data it will have to handle. And eventually, it becomes unmanageable. In this blog, we will discuss IT asset management program and the goals of IT asset management in detail.
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Having a pre-set IT asset management plan is a great bonus for your business. Here are some of the benefits of an ITAD program.

• It will help you recover your initial investment
• It will help tighten your data security
• It will contribute to environmental health
• It can help you manage your inventory
• It will help you adhere to compliance standards
• Key goals of an IT Asset Disposition program

We will cover all of these topics in detail in this article. Read on to know more about the benefits of ITAD programs.

1. Recover investments

A very basic server meant for a small business costs tens of thousands. This cost could be manifold, depending on the IT needs of the business. So imagine how much big corporations are spending on their data storage solutions.

It is always a sizable portion of a company’s business expenses. So it’s only logical that you can recover some of the investment you made in the IT asset.

So here, the ITAD Program benefit is that having a plan helps you decide when to sell your IT assets so that you can maximize your profit. Since you’ll be aware of the status of your hardware at all times, it will help you make prompt decisions.

Even if your asset doesn’t have significant value, it’s ok. If you’re choosing to go with an asset disposition service, the value of the asset can cover at least a portion of their charge. This is how ITAD lowers the cost of business.

2. Increase your data security

Data security is one key avenue of IT asset disposal. No devices should be disposed of before it is rid of data. That means all traces of the data should be gone. To achieve this, you need a powerful data-wiping tool. And this is synonymous with BitRaser Drive Eraser.

This Drive Eraser is a hands-off tool that you can trust. It adheres to up to 24 international data eraser standards. So no matter your country of operation, you can adhere to the standards set there using this tool.

BitRaser also automatically generates an auditable certificate of data deletion. This will help assure your customers that their data is being handled in a safe way and therefore increase trust in your organization.

Drive Eraser is available on the Cloud console for easy license distribution and management. You can access reports and certificates from the cloud.

3. Contribute to the environment’s health

IT assets contain traces of toxic chemicals that can seep into water sources and also contaminate the land. The effects of this can be felt for generations. Especially at the rate at which we consume electronics these days.

This is why environmental sustainability is vital.

The following is a pictorial representation of what happens to the e-waste you recycle.

One of the main ITAD Program benefits is to decide how to sustainably dispose of e-waste. The generally accepted practice is to either recycle it with a trustworthy e-waste recycler. Or you can conduct maintenance repair and reuse the equipment.

4. Manage your inventory

The first step in an IT asset management plan is usually taking stock of your inventory. People in the IT department should check the health of all devices that the company holds. Then, they should frame reports on the health status of each device.

This audit report will help you identify which asset needs to be recycled and which requires maintenance.

There are plenty of software that can help you keep a track of your IT assets.

You can also ensure that your IT assets are updated with the best technology. How? When you responsibly manage your IT inventory, you will know about its status. This will help you know when to update your technology and when any changes are necessary.

So this ITAD Program benefit is for those business owners that have a hard time managing their assets.

5. Helps you adhere to compliance standards

There are many compliances you have to keep up with when handling IT assets. Each country has its own rules for disposing of an asset and also disposing of the data in that asset.

As a rule, your IT team should be aware of all the laws to be followed. Because they will be the people spearheading the disposition process. But if you’ve hired an external service to manage this for you, then they will know the exact steps to take. An ITAM service will definitely make the process very smooth for you.

Key goals of an IT Asset Disposition program

Only if you know the goals will you know what policy to make, right? An ITAD program typically has the following goals. And these goals will help you achieve the ITAD Program benefits.

• Logistics: This deals with the process of sorting your IT assets in terms of how long they’ve been in use and the number of years they have left.

If you’ve identified IT assets at the end of its life, then this step would also include transporting them to the asset management facility.

• Re-use/cycle: Depending on the status of the IT asset, you can either reuse (resell) or recycle an IT asset. This program will help you identify which one is more suitable.

Here is a process cycle of both of these options.

• Data Destruction: This is a step you cannot skip in your data management. Safe data destruction is always a key goal in IT asset disposition.

Keep these goals in mind when creating your ITAD policy. And adhere to the policy after you draft it. This will help ensure that your IT assets are safe and you will be able to reap the true ITAD Program benefits.