If your responsibility is physical security for your company, you’ve probably questioned how safe and convenient a basic lock and key system really is. If you’ve explored alternative solutions, budget restrictions most likely played a factor. Here are four ways your lock and key system hurts your business, and why a cloud-based access control solution can actually prove a solid return on investment. Be sure to calculate your own access control ROI with our brand new calculator.

Time

Ask yourself these two questions:

  • How many hours a month do I spend unlocking doors for people who forgot their keys?
  • How many hours a month do I have to be onsite to manually unlock doors for general business operations?

If the answers are more than 1 hour, your company is losing money on payroll expenses. Instead of taking time to open doors manually, you could be working on higher priority projects for the business. Cloud-based access control is a great time saving solution because it allows you to open doors remotely, from anywhere, on any device, at anytime.

Travel

Ask yourself these two questions:

  • How many hours a month do I spend traveling to a location to revoke or reinstate access for particular people?
  • How many hours a month do I spend traveling to open restricted areas for field crews or temporary vendors?

If the answers are more than 1 hour, your company is losing money on incidental expenses. Cloud-based access control allows for adding, removing, and editing users remotely, in addition to scheduling entry for particular people or groups. You can also integrate video surveillance on your phone or desktop to ensure the right people are getting access at the right times. Not only does this solution save time, but also money when it comes to travel.

Maintenance

Ask yourself this question:

  • How many times a year do we re-key the office?

If the answer is more than 1 time, your company is wasting money on repair expenses. Turnover in any business is likely. When an employee leaves with a key, it costs the business money, time, and annoyance to re-key the doors. With access control in the cloud, you can manage employee key card or mobile access all through a single, organized interface. You can also integrate your physical security system with your HR system, to automate the process.

Inventory Loss

Ask yourself this final question:

  • How much is my inventory loss today?

If the answer is significant, you’re not alone. Employee theft accounts for 43% of inventory loss. Keeping track of ownership and whereabouts of keys is difficult and burdensome. With cloud-based access control, you can retrieve event data to review who accessed certain doors at certain times. You can also integrate video surveillance to monitor entry and exit points, and to deter thieves.

The bottom line is cloud-based access control solutions help minimize business expenses. How much money could you be saving? Calculate your access control ROI here