Digitization is no longer a commodity in today’s competitive business landscape. If it is not one of your top priorities, you are putting the health of your organization in danger. But any efforts to become more digitized should not stop with the tools themselves, or even with the strategy on how to properly implement the technology. Whether you are a small startup or a multi-million dollar business, it is crucial that you work with a certified appraisal company to value all of your IT equipment.

Business appraisals provide critical information that is necessary to ensure your company is protected. When you are considering buying out a partner, expanding your global reach, or considering strategies that will grow your revenue, business valuations are key. But it is just as important to value the smaller assets of your company as well. IT equipment appraisals can impact your company’s bottom line in ways you may not even realize.

You might think that some of your equipment is already obsolete given how quickly new technologies are released, but do not make the mistake of undervaluing your older equipment. Some companies are willing to buy a business’ older equipment when they are looking to get rid of older items in preparation for an upgrade. On the other hand, if you are looking to purchase another company’s equipment for your own internal use, getting their equipment appraised will ensure you are not buying equipment that barely has any life left in it.

Additionally, an equipment appraisal could showcase that the equipment you have, even if it feels a bit older, is still functional and can serve your operations well. This all depends on how you store and care for your equipment, of course.

As you begin doing your research for an appraisal company, look into the types of valuations they have done in the past. If they have experience doing equipment appraisals for numerous companies, they are going to know what to look for and be the most accurate when it comes to pricing your items. Working with certified appraisals eliminates the potential of being taken advantage of for someone else’s gain, which is why you should never seek the advice of an equipment vendor who would only have their best interests in mind. 

Getting an equipment appraisal for your company’s computer assets will have an impact on your growth and longevity, as it eliminates risk and also provides you with a framework for profiting off your technology as well.