Integrated Solutions for Retailers: (Nicholasville, KY) Sargent and Greenleaf (S&G), a business of The Stanley Works, 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.”

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Categories: News, Retail Tags:RFID, Sargent and Greenleaf