Ritchie Bros. and AssetWorks Collaborate, Simplify Asset Disposition

PITTSBURGH, PA – June 2015

Integration to the EquipmentOne marketplace enables customers to sell surplus assets directly from AssetWorks’ Surplus Management Software

Ritchie Bros. (NYSE and TSX: RBA), the world’s largest seller of used industrial equipment, and AssetWorks, a leading provider of Enterprise Asset Management software solutions, today announced the availability of a prepackaged integration between the Ritchie Bros. EquipmentOne marketplace (www.EquipmentOne.com) and AssetWorks (www.AssetWorks.com) Surplus Management Software (SMS). Designed to allow AssetWorks’ customers the ability to seamlessly post assets to EquipmentOne, the integration can dramatically reduce the time and effort required to identify, list and sell surplus equipment.

“Our integration with AssetWorks’ software is a great example of how much our customers are shaping our business,” said Chris Connell, President of Ritchie Bros. EquipmentOne. “Our customers asked for an easy way to list their surplus assets in our marketplace directly from AssetWorks’ software. We listened and delivered.”

AssetWorks’ SMS users can identify assets for sale and post those assets along with all the required equipment specifications, condition descriptions and photographs directly from SMS to the EquipmentOne marketplace. They receive daily pricing feedback and final sale data when the sale completes. Automating these processes can improve accuracy and significantly reduce the time to conduct sales across a number of different asset categories.

“The ability to seamlessly connect with the EquipmentOne marketplace is a great extension of our software and a huge win for our customers,” said Michael Borello, Vice President of AssetWorks. “Managing assets from acquisition through disposal can be difficult and our solutions have always been aimed at streamlining this process. With our integration to EquipmentOne, we’re delivering additional value and really closing the loop on asset management for our customers.”

2018-07-30T12:54:00-04:00