Hello,
My name is Scott Fuller and I am an account executive here at Atlas Frontiers. This being my first post I thought I would talk about a new avenue for banks to resell their equipment:
Recently I have been researching new avenues to help businesses deal with their surplus or unused equipment needs. After following a number of leads I found that banks have a multitude of processes for dealing with the equipment they receive after the term of a loan expires or a customer defaults on a loan. Many of the larger banks in the county have a department which deals with the equipment that comes back to them and the processes they use vary greatly. Some banks outsources the selling to companies that are located close to where the equipment is being utilized, while other banks try to consolidate, and resell, all of the equipment from a central location.
While speaking with a number of managers at these large banks I have found that their processes can be streamlined, and the return on the equipment can be increased, if they had the ability to sell their equipment to a worldwide market. Atlas Frontiers has the ability to create a listing, market the equipment in appropriate venues, handle potential buyers questions on the equipment and ship the items worldwide.
I have seen a good response from many of the managers at these national banks. My goal is to be able to help these banks improve their equipment resell process while drastically improving their overall return. I will keep my blog updated concerning my efforts in this area. Please feel free to add any comments, suggestions or questions.
Thank you.
