Nicholasville, KY – June 9, 2009 – Sargent and Greenleaf (S&G), a Stanley Security Solutions company, introduces a revolutionary new intelligent safe locking system -- called Trak*iT -- designed to help retailers and other cash intensive businesses reduce and prevent cash losses.
Sargent and Greenleaf’s Trak*iT solution combines expertise in safe locks with proven RFID technology and internet-based, real-time information to provide a powerful deterrent to internal theft. Using RFID, the Trak*iT system can track deposits from the POS register to deposit into the safe, to withdrawal and ultimately to the bank. All information about the deposit is captured by the Trak*iT system and pushed to the internet based Trak*iT Data Manager Service. Trak*iT Data Manager delivers 24/7 access to all deposit and withdrawal information and can generate predetermined exception alerts to help assure cash policies are followed.
“Cash losses in the form of missing deposits are a significant and costly problem for retailers,” states Bill Dempsey, President/COO, Sargent and Greenleaf. “Reported cash loss figures range from 0.5% to 2% of annual sales, and for large chains that operate hundreds or thousands of locations, these types of losses are a significant problem. When a deposit goes missing, either through internal theft or simply misplaced, it is usually not discovered until days later when the deposit is to be processed by the bank.”
With Trak*iT, retailers have the opportunity to realize an outstanding return on investment states Phil Pitt, Director of Marketing, Sargent and Greenleaf. “If a retailer experiences typical industry cash losses, Trak*iT can provide a potential payback of approximately one year.”
Three Trak*iT Models Available: BASIC, CUBE and BV
The Trak*iT family includes three models: Trak*iT BASIC, Trak*iT CUBE, and Trak*iT BV. Each Trak*iT model contains a PC with intuitive color touch screen and is scalable to meet the needs of the customer.
Trak*iT BASIC is the entry level intelligent safe locking system through which customers can manage multiple safe locks while gaining visibility into user activity and safe status.