• Category: Lease Reconciliation
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MemKing IT Asset Recovery

Lease Reconciliation

Lease Reconciliation

When IT equipment is leased, there are several activities and procedures that must be completed to terminate the lease agreement and retire the equipment from its original use.

MemKing IT Asset Recovery provides lease reconciliation services to equipment lessors so they can terminate lease agreements and maximize the residual value of the retired equipment. Audit reports provided by MemKing IT Asset Recovery identify the products returned by serial number and lease schedule.

Products are cosmetically and functionally graded to ensure the condition and identity of products returned. The audit reports also facilitate the "like-for-like" substitution clauses that are included in many lease agreements.

MemKing IT Asset Recovery also provides lease reconciliation services to equipment lessees. In addition to testing each system and erasing data from the computers hard drives, MemKing IT Asset Recovery verifies the condition and configuration of "end-of-lease" systems being returned to the equipment lessor. The fee for this service is typically far less than internal costs that would be incurred by the lessee 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.

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