The critical challenge for many organizations is how to dispose of redundant, repossessed, and forfeited assets securing the best prices in an audit complaint process.

1. Asset Inventory: Dispersed assets in multiple locations with inadequate inventory.
2. Poor Returns: Asset sold for low value and payments not received.
3. Low Visibility: Low publicity / access of auction assets to potential buyers.
4. Transparency: Inside trading, Limited information, Unfair advantage to a selected group of buyers.
5. Governance: Non-compliance with the Code of Business Conduct and Regulations.

1. Auction Contract Award: Client / Seller provides Reserve Prices with Asset Listing.
2. Digital Asset Management: Physical Inspection / Audit, Asset Imagery, and Asset Documentation.
3. Public Notification: Asset images and details uploaded on website, Publishing Print and Social Media ads.
4. Online Auction Go-Live: Interested bidders register for free, Online auction goes live for agreed duration.
5. Buyers Online Payment: Successful bidders make payment within the set deadline (48 hours) using Remita.
6. Sales Remittance: Sales Proceeds are remitted to the seller / client’s account via Remita.
7. Buyers Collection: RiHaGo oversees the handover of assets with relevant documents to buyers using its Online Digital Asset Management Tool.
8. Online Report: Post-mortem online auction reports automatically generated for the client / seller.