IDC Awards G.R.A.D.E. Certification to GE Capital
FRAMINGHAM, Mass. – March 16, 2009 – IDC is pleased to announce that it has awarded GE Capital the Green Recycling and Asset Disposal for the Enterprise (G.R.A.D.E.) certification. GE Capital exceeded the minimum quantitative and qualitative criteria required for G.R.A.D.E. certification, valid for the year 2009.
As a leading source of IT financing and leasing, GE Capital has been involved in the recovery of off-lease assets for decades, as indicated in the IDC report, G.R.A.D.E. Certification Assessment: GE Capital Corporation (Doc #217261). Seeking to leverage its existing off-lease recovery infrastructure to benefit third parties, the company has expanded its IT Asset Disposition (ITAD) offerings to new customers. GE's strategy is to use ITAD as a further enabler for its leasing, financing, and lifecycle management practices.
In its ITAD offerings, GE Capital uses a two-tier approach. The first deals with managing the customer relationship and advising customers, which is handled directly by GE Capital’s customer engagement teams. The second deals with the actual physical handling of the assets, which is outsourced to third-party agents retained and audited by GE Capital. In both cases, IDC finds that the company has put together solid platforms and stringent auditing capabilities that are on par with industry standards.
GE Capital has met IDC's requirements in the four areas critical to enterprise environmental stewardship and business continuity. They are: Risk Management, with a focus on data security and environmental risk avoidance; Operations Continuity, which includes all of the physical aspects of removing, transporting, and processing assets from the user’s facilities without disrupting the user’s operations; Cost Avoidance, with revenue sharing possibilities through asset remarketing; and finally, Asset Lifecycle Management and Planning.
"GE Capital’s G.R.A.D.E. Certification underscores the company's capabilities, both in-house and outsourced, in the areas of IT asset disposition with an emphasis on data security, business continuity, and environmental stewardship." says David Daoud, research manager, Personal Systems at IDC. Daoud further comments that "Given its processes, checks and balances, name recognition, core leasing and financing activities, and other factors, GE Capital is likely to become a significant player in ITAD.”
The certification process is based on 34 IT Asset Disposal (ITAD)-related functions and tasks and uses a multi-dimensional weighting system that incorporates broad offerings of remote applications, onsite services, logistics, in-plant processing, and post treatment. IDC G.R.A.D.E. certification is currently focused on the U.S. market with a view on compliance, sustainability, environmental stewardship, business continuity, and ROI.
For a briefing on GE Capital certification, the ITAD industry or to discuss methodology and assessment, contact David Daoud at 508-988-7502 or firstname.lastname@example.org.
For other non-research related question, please contact Jonathan Guloyan at 508-935-4296 or at email@example.com.
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