The new cloud-based SaaS solution will help customers better
manage, analyze, and sell their assets
VANCOUVER, Oct. 2, 2018 /CNW/ - Ritchie Bros.' latest solution for the market,
RB Asset Solutions (rbassetsolutions.com), is a complete end-to-end
asset management and disposition system. The new cloud-based SaaS
solution brings together a suite of tools and services to help
customers better manage, analyze, and sell their assets. From any
internet-enabled device, customers will be able to access a
complete inventory management system, data analytics and
dashboards, branded e-commerce sites, and multiple external sales
channels.
"We are delighted to announce the launch of RB Asset Solutions,
our end-to-end asset management and disposition solution, intended
to cement strategic partnerships with OEMs and their dealers, and
large enterprise-wide national and global accounts," said
Ravi Saligram, Chief Executive
Officer, Ritchie Bros. "RB Asset
Solutions provides an innovative SaaS-based offering to our
customers, leveraging the power of our technologies, global reach,
and network effects driven by our platform. It will allow our
customers ultimate flexibility and ease of use in disposing their
equipment on their own, selling directly to affiliated customers or
cascading through any of our multichannel solutions, while
optimizing price realization. We believe RB Asset Solutions, with
its unique way of connecting with customers, will result in
stickiness and enduring customer relationships."
Ritchie Bros. brands Mascus and
IronPlanet both have a wealth of experience offering SaaS
solutions—with close to 100 inventory management systems and 800+
branded e-commerce sites already developed for customers. RB Asset
Solutions combines the best tools and services from each of their
offerings into one system, along with new and improved features,
including an updated inventory management system, new data
offerings and easy access to multiple Ritchie Bros. sales channels: live, onsite
unreserved auctions (Ritchie Bros.
Auctioneers), weekly featured online events (IronPlanet), and a
daily marketplace (Marketplace-E). Several customers are already
using many of the tools featured in RB Asset Solutions, including
Shell, CatUsed.com, Toyota, and Volvo Construction Equipment.
"These tools have accelerated and standardized the way we manage
our lease returns," said Tara
Stryker, Director, Remarketing Services, Volvo Construction
Equipment N.A. "From an easy-to-use self-inspection tool, detailed
inventory management system, and a user-friendly and multilingual
e-commerce site, RB Asset Solutions provides us the tools and
services we need to optimize our remarketing capabilities in order
to increase our machines' values at every stage of the
lifecycle."
"We believe RB Asset Solutions presents one of the most powerful
remarketing and disposition tools in the industry," said
Matt Ackley, SVP, Product Management
& Digital Marketing, Ritchie
Bros. "The tools and services included will help customers
fully understand and optimize the value of their equipment. In
addition to the world-class inventory management system, customers
can access data analytics to help them choose the perfect time to
sell their assets—selling through their branded e-commerce site or
one of Ritchie Bros. proven sales
channels."
Learn more about RB Asset Solutions tools and services:
- Inventory Management System –This cloud-based inventory
management system will help businesses get their fleet organized
like never before. Centralize and manage inventory in one place;
get a real-time overview of all assets, including equipment status
and availability; trade assets within your network; create a
community for your various dealers or branches.
- Custom-designed, branded webshop – Automatically
offer a selection of used equipment to buyers through a customized,
fully-branded and mobile-friendly webshop. This e-commerce site can
be limited to an in-house network (for dealerships), or can be
published externally for anyone to see.
- Data analytics and market trends – Access to price
indicators, depreciation curves, as well as market and seller
trends to help customers make better, data-driven decisions.
- Inspections – Users can inspect equipment and upload
photos and information to the inventory management system through a
mobile app or hire Ritchie Bros.'
Asset Appraisals team to do a complete inspection of their
assets.
- Multiple sales channels – With the click of a button,
customers will be able to cascade assets to one or more disposition
channels, including:
-
- Their custom-designed, branded webshop
- Mascus' global online equipment listing service
- Marketplace-E's global online equipment marketplace
- IronPlanet's weekly online auctions
- Ritchie Bros. Auctioneers' live
onsite auctions with online bidding
For more information on RB Asset Solutions visit,
rbassetsolutions.com.
About Ritchie
Bros.:
Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is a global
asset management and disposition company, offering customers
end-to-end solutions for buying and selling used heavy equipment,
trucks and other assets. Operating in a multitude of sectors,
including construction, transportation, agriculture, energy, oil
and gas, mining, and forestry, the company's selling channels
include: Ritchie
Bros. Auctioneers, the world's largest industrial
auctioneer offers live auction events with online bidding;
IronPlanet, an online marketplace with featured weekly
auctions and providing its exclusive IronClad
Assurance® equipment condition certification; Marketplace-E,
an online marketplace offering multiple price and timing options;
Mascus, a leading European online equipment listing
service; and Ritchie Bros. Private
Treaty, offering privately negotiated sales. The company also
offers sector-specific solutions including
GovPlanet, TruckPlanet, Kruse Energy Auctioneers, and
Cat® auctions, plus equipment financing and leasing
through Ritchie Bros.
Financial Services. For more information about the
unprecedented choice provided by Ritchie
Bros., visit RitchieBros.com.
Forward-looking Statements
This news release
contains forward-looking statements and forward-looking information
within the meaning of applicable U.S. and Canadian securities
legislation (collectively, "forward-looking statements"),
including, in particular, statements regarding the anticipated
performance and benefits of RB Asset Solutions. Forward-looking
statements are statements that are not historical facts and are
generally, although not always, identified by words such as
"expect", "plan", "anticipate", "project", "target", "potential",
"schedule", "forecast", "budget", "estimate", "intend" or "believe"
and similar expressions or their negative connotations, or
statements that events or conditions "will", "would", "may",
"could", "should" or "might" occur. All such forward-looking
statements are based on the opinions and estimates of management as
of the date such statements are made. Forward-looking statements
necessarily involve assumptions, risks and uncertainties, certain
of which are beyond the Company's control, including the risks and
uncertainties set forth in the Company's Annual Report on Form 10-K
for the year ended December 31, 2017
and which is available on the SEC, SEDAR, and Company websites. The
foregoing list is not exhaustive of the factors that may affect the
Company's forward-looking statements. There can be no assurance
that forward-looking statements will prove to be accurate, and
actual results may differ materially from those expressed in, or
implied by, these forward-looking statements. Forward looking
statements are made as of the date of this news release and the
Company does not undertake any obligation to update the information
contained herein unless required by applicable securities
legislation. For the reasons set forth above, you should not place
undue reliance on forward looking statements.
Photos and video for embedding in media stories are
available at rbauction.com/media.
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SOURCE Ritchie Bros.
Auctioneers