Turning a Cost Center into a Revenue Stream
Many organizations struggle with piles of retired IT equipment, costly storage, and vendors who charge fees instead of creating returns. This business asset liquidation case study shows how E-Waste helped a leading financial services company transform its outdated IT asset program into a profitable, compliant, and flexible operation
The Challenge With Their Previous Asset Liquidation Company
Before working with us, the client relied on another asset liquidation company that created more problems than it solved. The vendor demanded full-truckload pickups, forcing the company to stockpile obsolete equipment and lose valuable storage space. It kept 100 % of the proceeds from selling retired IT assets, providing no revenue share back to the client. Even worse, the company paid more than $26,000 in the previous year for auditing and recycling services.
Instead of earning money from its decommissioned equipment, the financial services firm was paying out thousands of dollars each year, all while having to deal with logistical headaches and compliance concerns.
Our IT Asset Liquidation Approach
E-waste LLC redesigned the client’s IT asset liquidation process to deliver transparency, flexibility, and measurable financial benefits. Rather than requiring full-truckload pickups, we scheduled nine separate (no minimum) pickups across the year. This immediately alleviated their storage problem and made it easier to move assets offsite quickly and securely.
We also processed more than 25,000 pounds of retired IT equipment with no out-of-pocket cost to the client. All auditing and recycling fees were deducted from the proceeds of resale, a true pay-as-you-go model. Most importantly, we implemented a revenue-sharing arrangement, so the client directly benefited from the resale of their IT assets.
The Results: $146,000 Cash-Positive Change in 12 Months
In the first year alone, the client received over $120,000 in revenue share from the resale of IT assets after all costs were deducted. On top of that, they saved the $26,000 they had previously paid in fees to their old vendor. Combined, this represented a $146,000 cash-positive swing in just 12 months, a huge turnaround for a program that had been costing them money.
This success story demonstrates exactly how to liquidate business assets effectively while maintaining compliance and security standards.
Why E-Waste Is Different From Other Asset Liquidation Companies
By partnering with E-waste, the client transformed its IT asset program into a true business asset liquidation strategy that generates income instead of expenses. Our flexible pickup model, transparent reporting, secure handling of sensitive data, and R2v3 certified data destruction process make us one of the most trusted asset liquidation companies serving the financial services sector.
Looking for a smarter way to handle retired IT equipment? Contact us today to learn more about our asset liquidation services and discover how we can help your organization recover value, cut costs, and stay compliant.
