Retail Decoded by ControlTek

Insights on retail security and inventory management solutions

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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

The summer shopping rush: What it means for retail cash management

The summer season is great for retailers, but that influx of cash needs to be properly accounted for and safely transferred from the store to the bank. There are certain cash handling trends that contribute to inefficiency and errors among stores. These trends, as identified in a March 2014 Federal Reserve Bank of San Francisco report,

Deposit Bag Tampering: Crooks Can’t Beat Smart Bags

It’s a common activity within the retail world: At the end of the business day, the manager tallies up the day’s revenue, gathers the deposit and drops it off at the bank. This normal, and seemingly safe process, is familiar to nearly anyone who’s ever worked in retail. Unfortunately, it can also offer opportunities for robbers and thieves if the funds are not properly protected.

CONTROLTEK Works to Harmonize and Increase Knowledge with ICCOS

CONTROLTEK is a proud sponsor at the 2015 The Americas Cash Cycle Seminar (ICCOS), a premier global seminar for commercial cash management, distribution and circulation. Held in Fort Worth, Texas on December 7-10, ICCOS is a dynamic seminar that is connecting and educating the currency industry. CONTROLTEK’s Director of Product Management, Kris Doane, will present, “What You Measure, You Can Improve,” Tuesday, December 8 at 11:20 a.m. This session will discuss how to utilize data to observe what is actually happening in your business and discover ways to improve critical processes.

Patented Money Bags Heighten Security of Cash Transfers

CONTROLTEK’s currency bags are designed to thwart criminals There was a time in the not too distant past when the methods and products used for transacting, storing and transporting cash were pretty much predictable – and often vulnerable. The problem is: Thieves love predictability and weak links in the chain of security. But the bad