Bring your own device (BYOD) policies have permeated nearly every industry due to the convenience and cost-savings it offers to businesses. Still, it’s important to keep in mind that while BYOD policies reduce expenses, they can also have a direct impact on security and productivity. According to Cisco’s 2018 SMB Cybersecurity Report, 74% of small businesses reported the proliferation of BYOD as a top security concern.

Companies are unable to monitor personal employee devices and many of these devices do not operate under the proper security guidelines. This can leave data connections unprotected and susceptible to cyberattacks. If company accounts were to be hacked and sensitive data was made public, business operations and brand reputation would suffer.

Another concern BYOD policies raise is quality control. An employee’s personal smartphone or laptop may be too outdated and prevent them from working efficiently. Older operating systems, slow processors, poor battery life, and not enough storage can all affect productivity.

To ensure business processes continuously run smoothly, it’s important to provide employees with the most up-to-date technology. While budget constraints may prohibit companies from purchasing new devices, Phobio’s device buyback solution SafeTrade makes it possible to buy new devices in an affordable and convenient way.

Companies can trade-in older devices in-store or online and SafeTrade will provide a monetary value based on the condition of the devices. SafeTrade offers the most explicit grading system to accurately determine the value of a pre-owned device based. For example, if the device is fully functional and in good condition, it will be categorized as “working” and a competitive monetary value will be provided. If the device is broken or unresponsive it will be categorized as “damaged” and a lower monetary value will be provided.

As an omnichannel device trade-in solution, companies can start their trade-in online and finish it in-store, or vice versa. This is ideal for managers who need to back up important documents and company files before dropping off their devices in-store or shipping them out to be processed. SafeTrade also gives managers the option to schedule a pick-up for their devices, generates a prepaid shipping label, and provides tracking tools for peace of mind.

To protect confidential information, the Phobio team performs secure data erasure from every device received. If any media or data cannot be erased, we’ll recycle the device instead of reselling it. We also conduct frequent security audits and have dedicated security systems on site that monitor our facilities.

If you’re looking to improve business processes and productivity, the first step is to upgrade to the latest technology. We help drive business results with our flexible and honest device buyback platform, SafeTrade. We also have a dedicated account management and support staff available to troubleshoot problems and answer any questions that you may have. Contact us to learn more!