Customer stories: Raiffeisen Bank

Managing IT assets is a crucial aspect of modern business operations, particularly when upgrading or disposing of outdated equipment. In October 2022, ITSELL, a leading provider of IT asset management solutions, successfully executed an IT liquidation project for Raiffeisen Bank. This case study outlines the key aspects of the project, highlighting the benefits for both ITSELL and Raiffeisen Bank, as well as the importance of sustainable IT asset management.

Title: ITSELL's Successful IT Liquidation for Raiffeisen Bank in October 2022: A Case Study in Sustainable IT Asset Management.

The IT Liquidation Project: A Collaborative Approach

When Raiffeisen Bank decided to upgrade its IT infrastructure, the financial institution was faced with the challenge of responsibly disposing of their outdated equipment. To address this challenge, the bank partnered with ITSELL, an expert in sustainable IT asset management and liquidation. The project involved a series of steps that ensured the successful and responsible liquidation of Raiffeisen Bank's IT assets:

There are two places where teams can define variables:

• Assessment and Inventory: ITSELL conducted a thorough evaluation of Raiffeisen Bank's equipment, assessing its age, condition, and potential value in the liquidation process.
• Data Security Measures: Before any equipment could be repurposed or resold, ITSELL ensured the secure erasure of sensitive data from the devices using industry-standard data sanitization methods, protecting Raiffeisen Bank's information from potential security breaches.
• Asset Repurposing and Reselling: ITSELL identified equipment that could be refurbished or repurposed, maximizing the value recovered from Raiffeisen Bank's outdated IT assets. Devices that were still in good working condition were resold, extending their useful life and reducing e-waste.
• Certified Recycling: For equipment that was no longer viable for refurbishment or resale, ITSELL ensured environmentally responsible disposal through certified recycling processes. This included various brands and models, such as Cisco networking equipment and HPE servers.

Equipment Details

The IT liquidation project for Raiffeisen Bank involved a diverse range of equipment from leading brands, including Cisco and HPE. Some of the notable models included:

• Cisco Equipment: Cisco Catalyst 3650 and 3850 Series Switches, Cisco ASR 1000 Series Routers, Cisco Aironet 2800 and 3800 Series Access Points.
• HPE Equipment: HPE ProLiant DL360 and DL380 Gen9 Servers, HPE StoreOnce Backup Systems, HPE Aruba 2930F and 5400R Switch Series.

Benefits for Raiffeisen Bank

By partnering with ITSELL for the IT liquidation project, Raiffeisen Bank experienced several advantages that positively impacted their financial standing, data security, and environmental footprint:

• Cost Recovery: Raiffeisen Bank was able to recover a portion of its original investment in the IT equipment through the liquidation process. This cost recovery allowed the bank to offset expenses related to upgrading their IT infrastructure and invest in newer, more efficient technology.
• Simplified IT Asset Disposition: With ITSELL's expertise in managing and processing used IT assets, Raiffeisen Bank was able to streamline the disposal of outdated equipment, saving time and resources while focusing on their core banking operations.
• Enhanced Data Security: ITSELL's secure data erasure practices ensured the protection of sensitive information from potential breaches or unauthorized access minimizing the risk associated with disposing of used IT equipment and maintaining Raiffeisen Bank's reputation for safeguarding customer data.
• Environmental Sustainability: By collaborating with ITSELL, Raiffeisen Bank contributed to the reduction of e-waste and the promotion of the circular economy. ITSELL's commitment to refurbishing, repurposing, and recycling IT assets ensured that the bank's equipment was handled in an environmentally responsible manner, aligning with their corporate social responsibility goals.
• Compliance and Reputation: Partnering with ITSELL, a company known for its sustainable IT asset management practices, demonstrated Raiffeisen Bank's dedication to environmental responsibility. This collaboration helped the bank maintain compliance with relevant e-waste regulations and bolstered their reputation as a sustainable and responsible financial institution.

„Conclusion“

The successful IT liquidation project executed by ITSELL for Raiffeisen Bank in October 2022 serves as a prime example of the benefits of sustainable IT asset management. By entrusting the disposal of their Cisco and HPE equipment to ITSELL, Raiffeisen Bank was able to recover costs, simplify asset disposition, ensure data security, and contribute to a more sustainable future. This case study highlights the importance of responsible IT management for businesses looking to optimize their IT infrastructure while minimizing environmental impact and maximizing value.