Reconcile assets retired with assets acquired.

If an organization purchased 100 computers, but only received 99, the procurement department would be miffed. Purchasing professionals demand accountability.

If the same organization retired 100 computers, but IT asset managers only account for 99, what happens?

A single missing computer can trigger tremendous liability. A old computer is worth thousands of times more than a new computer.

Procurement is the formal process of acquisition. Organizations define formal procedures to minimize fraud.

Retire-IT Reverse Procurement (TM) is just the opposite. Organizations use Retire-IT to minimize fraud and ensure privacy compliance during IT asset disposition.

Data security laws mandate that organizations implement “adequate safeguards” to ensure privacy protection of individuals. Violators face increased pressure from Federal and State authorities. In addition, they incur heavy remediation costs and are being forced to defend against expensive privacy class action lawsuits.

Organizations do a fair job of protecting systems while they are in-use, but they often fail when it comes to protecting data residing on retired equipment.

To ensure every retired asset is accounted for and properly disposed, organizations should consider a formal reverse procurement(TM) process.