Jul 26, 2018

6 Reasons Why Your Business Needs a Video Security System

6 Reasons Why Your Business Needs a Video Security System

Every year, U.S. retailers lose $50 billion due to theft and employee wrongdoing. According to the National Retail Federation (NRF®), more than nine out of ten retailers have experienced organized retail crimes (ORC) in the past year, with a hefty price tag of about $726,351 per each $1 billion in sales. In many cases, a video security system could have helped companies avoid these devastating losses.

Whether your business includes retail stores, corporate offices, medical facilities or any other physical space, threats to your people and property are both financially and emotionally debilitating. With a business video security system, you can ensure safety for your staff, equipment and other valuable assets for a relatively low investment. And as the technology for business video security systems increases in sophistication and decreases in price, it’s easier than ever to get connected.

Here are six important reasons why your business needs a video security system:

1. Keep Employees and Customers Safe

The mere presence of surveillance systems can significantly deter wrongdoing. In fact, the UNC Charlotte Criminal Justice and Criminology department recently discovered that 60% of convicted burglars would check for security systems before committing a burglary and 40% would actually look for another target if they saw such a system. Cameras work.

In addition to discouraging criminals, cameras used to provide access control ensure that only approved people enter your facility. Cameras have excellent night vision, so nighttime workers can feel secure, too. And with remote monitoring, it’s easy to see your space (and multiple spaces) from a mobile device from any location.

If someone does attempt a break-in, you can proactively address the situation in real time. If an accident occurs, you can provide help right away. In many industries, state and federal laws mandate monitoring to keep employees safe.

2. Defuse Internal Issues

Security systems help resolve internal issues, too. Whether a customer claims he was treated unfairly, an employee is embezzling money, or a fight breaks out in the break room, these “eyes in the sky” can provide a record of the incident for future resolution. OSHA reported that there were 4,679 fatal workplace injuries in the U.S. in 2014. With a video security system providing vigilance, many of these tragedies could have been prevented.

3. Capture Critical Evidence

Since IP camera resolution qualities have increased in recent years, digital recordings are effective evidence if you need to prove an incident. You can also create a valuable archive of digital information on a server, hard drive or NVR for the future, should you need to analyze any past events. Since they’re digital, they’re very easy to search.

4. Enhance Your Customers’ Experience

The latest video equipment can do more than just record; it can actually analyze customer behavior. This valuable customer loyalty tool helps you track customer movements throughout your store or facility and identify products that they ignore or embrace. With this information, you can develop smart product placement and optimize the customer experience.

5. Increase Productivity

There are several ways that these systems boost productivity. Business video security systems connect various departments to foster collaboration. For instance, someone in your back office might note that the customer line up front is getting long, so they can send another cashier to the front. Additionally, a video security system helps employees feel protected so they’re free to be their most productive. And since employees know that their activities can be monitored, they’re motivated to work even harder.

6. Generate Substantial Savings

There are very real cost savings that come with installing a video security system. The city of Chicago reduced crime through the use of cameras and also saved over $4 for every $1 spent. By deterring and decreasing incidences of theft, you’re saving the costs of litigation, product replacement, corresponding medical costs and even the psychological and emotional costs that a break-in or internal theft generates. You’re also saving significant costs associated with hiring one or more guards to protect your people and property.

Are you considering adding a business video security system to your security plan? We can help. With over twenty years experience in this field, we have the expertise to design a system that works best for your needs. his field, we have the expertise to design a system that works best for your needs. We can evaluate your existing system and leverage it to meet the end solution seamlessly. Contact us to see how a video surveillance system can boost your security and your bottom line.