Auditing, Reconciliation, and Pricing

CWI Asset Grading Auditing ProcessAuditing

The Audit process is designed to complete information for each asset that cannot be programmatically determined. Typically this involves identifying defects and assigning a final grade. Defects are divided into two categories: Functional and Cosmetic. A functional defect prevents the unit from being used in the way it was intended to be used, for example the unit won’t power on. A cosmetic defect detracts from the assets value but the asset can be used as intended, for example there is a scratch on the laptop cover. Where applicable a picture is taken, associated with the defect and stored in SMART. After defects are collected by the technician, SMART analyzes them and grades the asset according to rules associated to each defect.

 

CWI Asset Location Reconciliation ProcessReconciliation

Reconciliation is an optional process used to associate assets received with data about the asset in your system. This is typically used by leasing companies or corporations who provide asset level information. CWI can reconcile this information with the assets which have been physically received. Reconciliation is automatically performed by SMART and reported daily. The process can also identify assets returned that were not expected to be returned and assets that were not returned and are considered missing. This process allows our customer to more quickly determine the location of all assets, and resolve missing/excess assets, and adjust the status of the return in your system (for example, turn off billing for a lease schedule).

 

Pricing

The Pricing process is optimized to return the greatest dollar value to you our customer for the assets returned. We support three pricing models, Direct Purchase, Consignment and a mixture of both. We will work with you to find the most appropriate pricing model based on the asset and your requirements. For the Direct Purchase model we use current and historical market data to calculate the assets starting value. From that starting price deductions are made for defects that affect the value of the asset. The Consignment model uses third party marketplaces to list the asset for sale in an auction style listing. This sets up a bidding situation that yields the highest value for the consigned asset. All pricing and defect deduction information is stored in SMART and is available to you.

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