As a CFO, there is nothing more exciting than finding new ways to make your business more efficient and profitable. As 2024 begins with continued uncertainty around inflation and the economic outlook, many CFOs are searching for ways to unlock additional value in their companies. One innovative approach is easier than you think, can be quite lucrative, and importantly, taps into value already residing within your company’s history. 

This new asset management category – called Remnant Asset monetization – can add value to your company, potentially well into the millions of dollars or more. In fact, this groundbreaking new category is a $100+ Billion previously untapped market.  

Could your company have significant remnant assets? 

First, let’s start with defining Remnant Assets. These are intangible assets and payment rights that are unrelated to a company’s core business operations. Remnant Assets typically do not appear anywhere on your current balance sheet; rather, these assets are often held in the names of acquired entities, predecessors, former names and old subsidiaries that are unrelated to current operations. They can remain unknown and untapped for years even after the most thorough diligence. A few of the most common examples include old municipal deposits, utility cooperative capital accounts, outdated insurance cash collateral, and there are literally hundreds of other Remnant Asset types. For this reason, any company that has been in business for multiple years or has been acquisitive could have significant Remnant Assets. 

Sell your remnant assets and invest the proceeds back into your company  

Companies can utilize the sale proceeds of their Remnant Assets to implement new initiatives, invest in employee training, invest in capital projects, hire new workers – however your organization deems the best use of this new windfall. These proceeds will no doubt bring more value to the financial health of your business rather than remaining untapped.  

Are you ready to monetize your remnant assets? 

Oak Point is the leading institutional buyer of Remnant Assets, providing companies with a simple, turnkey approach to monetize such assets. Having been the leader in this space for two decades, their highly experienced team of legal and business specialists use a unique blend of data mining, proprietary technology, and legal research to maximize the value proposition to your company. Oak Point has completed thousands of Remnant Asset acquisitions over the years, becoming the leading buyer and authority for this fast-growing, new category of asset management.  
 
As the economic environment continues to be unpredictable, more companies are seeking out innovative approaches to unlock value that is within reasonable reach. A sale of Remnant Assets has quickly become the most efficient and profitable way to create value from assets that already reside within your company.