Used heavy equipment seller Ritchie Bros. and AssetWorks, a provider of Enterprise Asset Management software solutions, recently announced the availability of a prepackaged integration between the Ritchie Bros.

EquipmentOne marketplace and AssetWorks Surplus Management Software (SMS).

Designed to allow AssetWorks' customers the ability to seamlessly post assets to EquipmentOne, the integration is claimed to reduce the time and effort required to identify, list and sell surplus equipment.

AssetWorks' SMS users can identify assets for sale and post those assets along with all the required equipment specifications, condition descriptions and photographs directly from SMS to the EquipmentOne marketplace. They receive daily pricing feedback and final sale data when the sale completes. Automating these processes, according to the company, can improve accuracy and significantly reduce the time to conduct sales across a number of different asset categories.

"Managing assets from acquisition through disposal can be difficult and our solutions have always been aimed at streamlining this process. With our integration to EquipmentOne, we're delivering additional value and really closing the loop on asset management for our customers," said Michael Borello, vice president of AssetWorks.

Ritchie Bros. has operations in more than 25 countries, including 44 auction sites worldwide.

AssetWorks said its software solutions help organizations improve access to shared asset data, promoting greater transparency across the organization, improving service delivery, maximizing asset availability and uptime, and reducing total cost of ownership.

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