When leased IT equipment is returned, there are several procedures that must be completed to terminate the lease agreement and retire the equipment from its original use. TechTurn can provide all the reconciliation services that equipment lessors and lessees need to quickly and easily terminate lease agreements and maximize the residual value of the retired equipment.
For lessors, technology assets are cosmetically and functionally graded and tested to ensure the condition and identity of products returned. Our audit reports can identify the products returned by serial number and lease schedule. Plus, they help facilitate the “like-for-like” substitution clauses that are included in many lease agreements.
TechTurn also provides lease reconciliation services to equipment lessees. In addition to testing each system and erasing data from hard drives, TechTurn will verify the condition and configuration of “end-of-lease” systems being returned to the equipment lessor. Often, our fee for this service is far less than your internal costs or the fee charged by the lessor. More importantly, costly “charge-backs” from the lessor for incomplete or missing returns can often be reduced or avoided.