October 9, 2018 9:30 AM, EDT

Ritchie Bros. Unveils New SaaS Program

Ritchie Bros. building and trucks Ritchie Bros.

Ritchie Bros., a global asset management and multichannel disposition company, has introduced a new cloud-based Software-as-a-Service program that allows users to access an inventory management system, data analytics and dashboards, branded e-commerce sites and multiple external sales channels from any internet-enabled device.

The product, RB Asset Solutions, joins a suite of tools and services to help customers better manage, analyze and sell their assets.

“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,” said Ravi Saligram, CEO of Ritchie Bros., in a press release issued by the company. “We believe RB Asset Solutions, with its unique way of connecting with customers, will result in stickiness and enduring customer relationships.”

The SaaS platform offers a number of tools and services.

An inventory management system can help fleets centralize inventory, get a real-time overview of all assets, trade assets within a network and create a community for various dealers and branches.

The custom web shop can provide an in-house or external-facing network to sell used equipment through a fully branded, mobile-friendly venue. Users will also have access to price indicators, depreciation curves and market and seller trends to help make data-driven decisions.

“These tools have accelerated and standardized the way we manage our lease returns,” said Tara Stryker, director of remarketing services at Volvo Construction Equipment N.A., per the press release. “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 life cycle.”