Theft on the Rise During Tough Economic Times – Profit From A Safe
Safe Company Offers Tips to Decrease Internal Theft with a Deposit Audit Drawer Cash Management Solution for McDonalds’ Owners
Dallas, Texas – This year could prove to be even more of a challenge for small businesses. According to a recent National Retail Federation study and law enforcement officials, employee theft is on the rise. A recent study indicates that small businesses lost more than $52 billion in revenue due to theft, accounting for 20% of every business dollar according to the American Society of Employers.
No matter if one’s business is in a small or large city, it has been estimated that approximately 95% of all businesses experience employee theft. According to the National Restaurant Association, employee theft amounts to 4 percent of food sales at a cost in excess of $8.5 billion annually.Southwestern Safe Company has been protecting McDonalds’ owners for more than thirty-five years. In 2003, Southwestern Safe Company merged with Rolland Safe & Lock Company, a security solutions business with more than one hundred years experience, to extend its reach on a nationwide basis with more security products and services.
“In these tough economic times, it’s important for business owners to reassess what they are doing to protect their businesses and closely examine what they are doing to protect their bottom line,” noted Rick Rolland of Rolland Safe and Lock and owner of Southwestern Safe Company. “One of the solutions by which to diminish internal theft is by looking at how your business handles its daily cash management.”
“There are several ways by which to diminish the temptation and the opportunity by which internal theft occurs within your business,” added Rolland. ” First, make you employees aware that there are procedures by which you as a manager or store owner have put in place for them to follow to monitor cash flow and minimize loss within the business. Second, instruct employees to never to keep large sums of money in a cash drawer at any given time. Third, utilize a safe with a mechanism that allows you to make periodic drops during the day to minimize the amount of cash in the registers. Large bills should be dropped immediately, and it is good to publicize via a label or notice that large amounts of monies are not kept in the cash drawer.”
“As one of McDonald’s longtime partners in security for more than 35 years, we are introducing the first deposit drawer audit available to McDonald’s owners,” commented Keith Chadwick, Rolland’s internal account manager for McDonalds. “The attended drawer focuses on accountability for all employees and is an exclusive security feature on our line of depository safes. The attended drawer provides an immediate deposit drop audit through our SafeWizard lock. This feature is only available to McDonald stores with approved safes from Rolland and Southwestern Safe Company.”
“The benefits of all security products are only truly realized when the features are used to their fullest capacity,” added Chadwick. “If a McDonald’s owner has concerns about where his/her cash is and when it is being deposited, the attended drawer is one of your best solutions for your daily cash management. The attended drawer feature requires an employee to log in prior to being able to make a deposit, resulting in total deposit drop accountability.”
“Once that login is made, a McDonald’s owner may verify when a deposit was made and for how much. The verification is simply a matter of pulling an audit directly off the SafeWizard electronic keypad, Chadwick concluded. ” It doesn’t get much easier than that.”
More Information: Michael Jones at 214-845-6727 or mjones@rollandsolutions.com