CONTROLTEK Continues to Build a Winning Team

CONTROLTEK announces Colin JT Woods as the new Senior Product Manager.  Colin brings six years of product innovation and technology adoption consulting within retail inventory visibility and RFID solutions to the CONTROLTEK team.  In the past three years, he has streamlined his focus on assisting Tier 1 retailers with the adoption and improvement of RFID inventory solutions.  He has worked with some of the largest retailers in North America to implement integrated pilot projects and to design large scale RFID rollouts. He is adept at assembling and directing technically proficient teams capable of pivoting from product development to deployment, customer service, and support for permanent and short-term projects.

“I am extremely excited about CONTROLTEK’s push into inventory visibility. We have an aggressive vision, a start-up philosophy toward problem solving, combined with the muscle of a proven solution provider,” Colin stated.

CONTROLTEK’s Director of Product Management, Kris Doane said, “We are skilled at capturing and converting business requirements into software and system integration solutions that result in real-world, scalable deployments.  Colin’s skill sets will help secure our success.”

CONTROLTEK proudly presents its newest innovative product offering, ControlSpan. The ControlSpan suite offers end-to-end inventory and process management solutions from source to shopper that allows not only improved visibility but also enhanced profitability and customized integration to help make existing systems more efficient and accurate.

Request a live demo of ControlSpan here.

The 5 Secrets to Protecting Cash Deposits

The 2014 National Retail Federation/University of Florida National Retail Security Survey reported that retailers lost an average of 1.38% of retail sales, amounting to nearly $44 billion, due to shrinkage and theft. The survey further said, “losses from employee theft cost retailers $16 billion a year.” These drains on the bottom line can take a big chunk out of profits.

By their very nature, retail operations present numerous opportunities for employees to steal. Investigators can be faced with a myriad of factors that must be scrutinized and evaluated when looking at cases of suspected theft, including employees with sticky fingers who are trusted to deliver cash deposits to banks. Removing a few tens or twenties can be easy and go unnoticed. But there are others in the loop (armored-car drivers, bank employees, etc.) who also handle large sums of cash. The FBI uncovered $600,000 from a backyard in a California neighborhood. It seems two armored-truck drivers helped themselves to money being transferred from a bank vault. In another case a bank employee helped herself to cash that a local business had dropped off in a night deposit box.

Protecting Cash Made Simple

Some fixes to deter employee or customer theft can be quite extensive and technologically advanced, requiring extensive training, expensive equipment, and tons of resources.

Other ways to combat missing cash are easy to implement, such as having the relevant and necessary supplies for managing cash transactions. One simple deterrent to cash theft is engaging in the proper handling and transferring of cash.

5 Guidelines to Help Protect Collected, Transferred, & Deposited Cash:

  1. Follow best practices for hiring and training employees. Develop an anti-theft plan to include situation assessment and delineation of consequences. Be sure all employees handling money at any stage in the customer-to-bank deposit transaction period understand their responsibilities to the company. Trained security personnel must be constantly on the alert for possible theft and company investigators should be schooled in proper interviewing and reporting techniques for theft cases.
  2. Using a 2-person check, or dual sign-off, for cash transfers will deter individuals from considering stealing some of the money in their care. Also referred to as “separation of function”, this includes requiring one person to count the cash while another person verifies the amount and completes the deposit slip, or having one person seal or lock the money bag while another person verifies the seal or retains possession of the key.
  3. Install video cameras in the areas where cash is stored or transferred. Cameras can provide hard evidence in a theft case but more importantly, they are a deterrent to preventing thefts from occurring.
  4. Check your accounts in a timely manner. Make sure all deposits show up in your bank statement. Monitor all bookkeeping records. Engage in periodic, unannounced, unscheduled auditing of bank accounts.
  5. Utilize proper cash deposit bags. Currency bags should safely store money and protect it from theft as it changes hands. There are locking bags or tamper-evident currency bags, all with mid-level and maximum level security options. This added security level makes thieves think twice before reaching into a sealed money bag.

Proven Cash Protection Solutions

At CONTROLTEK, we understand that theft is not always perpetrated by store employees. There are many cases where the theft occurs after the cash has left the hands of the employee. We help ensure your cash is protected from armored car drivers and bank employees as well!
The CONTROLTEK SafeLok bag incorporates our “press2Lok” seal technology, utilizing a high security void tape with an in-line closure. This void tape is specially formulated to display void evidence when subjected to heat, cold, or chemicals.
Typically used for deposits, this bag comes in a large array of sizes and styles including internal and external pockets for checks and deposit slips. High performance films and side seams meet all Federal Reserve guidelines. The high-definition void graphics on this “easy to seal” bag make it a deterrent against theft as well as a favorite for high volume cash users.
To help prevent cash loss, contact CONTROLTEK today.

About CONTROLTEK
Since 1976, we have been delivering unique products and solutions to the cash-transfer and asset protection industries to address specific business challenges.  Our company has grown steadily based on the quality of our products and the quality of our service. Our commitment to research and development is combined with a willingness to listen to the people who everyday depend on our products. By relentlessly researching and introducing new materials and new features, we are proud to say we have impacted the way assets are secured globally.
With experience gained through research and collaboration within the financial and retail sectors, we actively charted a course over the past several years to bring added value, new thinking and viable approaches, addressing the dilemmas and challenges that frustrate business professionals today.
During this process, we realigned our resources within CONTROLTEK, creating three silos (ISS, ISP and IVS).  This enables us to focus more specifically on the needs of our Clients and their specific challenges they face on a daily basis.  Additionally, CONTROLTEK has aligned itself with Global partners to provide holistic solutions that solve today’s challenges.   Whatever the application, CONTROLTEK resources stand by ready to deliver results that enable commerce and effectively secure assets at financial institutions and leading retailers across the globe.

CONTROLTEK Appoints LP Industry Titan Rhett Asher as Director of Business Development

CRANFORD, NJ, March 9, 2016 – CONTROLTEK USA has hired Rhett Asher as their new Director of Business Development. Asher, former Vice President of Asset Protection, Data Security & Crisis Management for the Food Marketing Institute, brings more than 30 years of retail store operations and trade association experience.

Asher has previously served as Vice President of Loss Prevention for both the National Retail Federation and Retail Industry Leaders Association. Co-founder of the non-profit Loss Prevention Foundation, Asher knows asset protection. “My passion is serving this industry,” Asher said. “I cannot imagine a better fit for my skill set, than CONTROLTEK’s vision to deliver innovative products and solutions to the asset protection industry.”

CONTROLTEK’s CEO, Rod Diplock, stated, “Rhett is the addition our CONTROLTEK team needed to keep pace with our organization’s growth. I am excited for what our future holds.”

CONTROLTEK’s National Sales Director, Sal Armato said, “We have actively charted a course over the past several years to bring added value, new thinking and viable approaches, addressing the dilemmas and challenges that frustrate business professionals today. CONTROLTEK is building the leadership team that can stay this course.”

Enabling Commerce through Innovation

Since 1976, CONTROLTEK has been delivering unique products and solutions to the cash-transfer and asset protection industries to address specific business challenges. CONTROLTEK has created three silos: Inventory Security Solutions (ISS), Intelligent Security Packaging (ISP), and Intelligent Visibility Solutions (IVS). Whatever the application, CONTROLTEK resources stand by ready to deliver results that enable commerce and effectively secure assets at financial institutions and leading retailers across the globe.

Top 3 Retail Asset Protection Solutions

Theft by shoplifters and employees has been on the rise for the past four years, according to the 27th Annual Retail Theft Survey from Jack L. Hayes International.

Last year, more than 1.2 million individuals were nabbed for theft by the 25 retailers participating in the survey, helping stores to recover over $225 million in stolen assets.

Overall, one in every 38 employees were detained for stealing. This is a 7.1 percent increase from the number of employees apprehended by retailers in 2013. Shoplifter apprehensions increased by 7.4% over the prior year, according to the survey.

As the survey shows, theft is a very real threat that today’s retailers must deal with. Thankfully, there are solutions available to help deter thieves and prevent merchandise from walking out the door.

Review the top three security solutions retailers can implement within their stores quickly to help stop shoplifting:

EAS Tags Reinvented

EAS tags have become a favorite security solution for the retail industry, and it’s easy to see why. These intelligent systems ensure that all items are monitored and that shoplifters cannot simply walk out the door with stolen products.

Today’s EAS tags are even more advanced, and can help make sure that shoplifting doesn’t go unnoticed, no matter the circumstances. CONTROLTEK’s new Ink Tags are a unique way to prevent theft. These tags house small ink capsules that break if an attempt is made to remove them. When tampered with, the ink will permanently stain the item and render it useless to the shoplifter.

Affordable RFID Readers

On occasion, thieves will rearrange merchandise to make it easier to steal. This could involve taking a high-price item from a display and camouflaging it with other, lower-cost products. However, with affordable technology like RFID readers on the retailer’s side, the store can always keep track of their merchandise. CONTROLTEK offers state-of-the-art handheld readers, including the which can easily be connected to Bluetooth-enabled mobile devices.

Intelligent Security Packaging

Merchandise isn’t the only retail asset that needs protecting. The store’s daily revenue should also be put under lock and key – not only while at the store, but during transport to the store’s financial institution.

There are more than a few options for retailers when it comes to Intelligent Security Packaging, enabling them to select a combination of solutions that will best suit their needs. These include deposit bags, coin bags, security seals, and cash vault shipping bags. Best of all, CONTROLTEK also offers top-notch consulting services to help store owners identify their unique requirements and find the ISP solution that will provide the highest level of protection.

To find out more, contact CONTROLTEK today.

About CONTROLTEK

Since 1976, we have been delivering unique products and solutions to the cash-transfer and asset protection industries to address specific business challenges. Our company has grown steadily based on the quality of our products and the quality of our service. Our commitment to research and development is combined with a willingness to listen to the people who everyday depend on our products. By relentlessly researching and introducing new materials and new features, we are proud to say we have impacted the way assets are secured globally.

With experience gained through research and collaboration within the financial and retail sectors, we actively charted a course over the past several years to bring added value, new thinking and viable approaches, addressing the dilemmas and challenges that frustrate business professionals today.

During this process, we realigned our resources within CONTROLTEK, creating three silos (ISS, ISP and IVS). This enables us to focus more specifically on the needs of our Clients and their specific challenges they face on a daily basis. Additionally, CONTROLTEK has aligned itself with Global partners to provide holistic solutions that solve today’s challenges.   Whatever the application, CONTROLTEK resources stand by ready to deliver results that enable commerce and effectively secure assets at financial institutions and leading retailers across the globe.

CONTROLTEK Will Present at RBTE

CONTROLTEK will be presenting at the Retail Business Technology Expo (RBTE). RBTE will be held at the Olympia Grand in London, UK, from March 9-10, 2016.

Why RBTE?

RBTE is recognized as the leading European retail solutions event. RBTE showcases end to end solutions for retailers. From the supply chain through to the customer, RBTE exhibits a comprehensive range of solutions with numerous informative and interactive educational programs via conferences, workshops, and networking opportunities. RBTE provides the platform for the most innovative suppliers to showcase their products and solutions.

Plan Your Day at RBTE

CONTROLTEK’s panel presentation, How to Make RFID Work in the Real Retail World, begins at 12:50 pm on March 10, 2016. Mark Tailford, International Sales with Touch Technologies, will be moderating.

Panelists include:

Richard Jenkins, Head of RFID Strategic Development, Marks and Spencer

Kris Doane, Former RFID Programme Manager, American Apparel and Director of Product Management at CONTROLTEK USA

Matt Newby, Head of Technology, TESCO

CONTROLTEK Solves Global Retail Challenges

CONTROLTEK is excited to showcase their innovative solutions to retailers’ problems. At RBTE, CONTROLTEK is proudly presenting ControlSpan, a newly refined inventory visibility system (IVS). The ControlSpan suite offers end-to-end inventory and process management solutions from source to shopper that allows not only improved visibility, but also enhanced profitability and customized integration to help make existing systems more efficient and accurate. Retailers can rediscover how to resolve shrink beyond the capabilities of traditional EAS. ControlSpan is a modular solution built to allow freedom of choice at the beginning of an RFID deployment, to grow with the demands of the organization, and provide options at all levels instead of being locked into a single, siloed offering.

Request a Live Demo

Think beyond traditional EAS and request a ControlSpan Live Demo here.