CCTV camera

Protecting Your Business: The Value of a Modern CCTV System

How do people justify the cost of CCTV? In short, they don’t. There are many businesses out there that have very old outdated CCTV systems which just aren’t up to the job. This is justified by “well we have a system in place” or “we don’t want to spend money on it, it works”. Unfortunately, many businesses still see CCTV as an unnecessary cost and do not appreciate the value it can bring. This often leads to outdated CCTV systems that are barely fit for purpose.

Common Issues with Outdated CCTV Systems

When an incident occurs, such as a high-value theft or an accident, the CCTV is often found to be inadequate. Common issues that emerge when CCTV footage is reviewed include blurry or unclear images, cameras not recording, cameras blocked by objects, and cameras being tampered with. Many businesses do not realise the limitations of their CCTV system until it's too late.

Therefore, it's important to regularly check and review your CCTV system. Do not assume that the system is working just because it's there. CCTV is your insurance against accidents and theft, and it should be treated as such.

Shrinkage: The Cost of Not Investing in CCTV

One of the biggest drivers for investing in CCTV is shrinkage. Shrinkage is the loss of inventory or cash due to theft, damage, or other causes. Studies have shown that businesses lose between 2-5% of their turnover due to shrinkage.

For instance, if your business is turning over £5,000 per week, you could be losing up to £250 per week due to shrinkage. Can you justify that kind of loss?

The Cost Justification of CCTV

Some business owners still see CCTV as an unnecessary cost. However, when you consider the cost of installing and maintaining a CCTV system versus the cost of losing inventory, the benefits of CCTV become clearer.

The cost of a CCTV system varies depending on the type and quality of the system. However, it's important to remember that a CCTV system is an investment, not just an expense.

Protecting Your Bottom Line with CCTV

If you install a state-of-the-art CCTV system that costs around £22 per week, you could save up to £183 per week. Moreover, if you take out a lease on the system, you could save money in tax relief. Therefore, investing in CCTV is not just about security; it's also about protecting your bottom line.

The Benefits of Modern CCTV Systems

CCTV is an incredibly valuable tool that should be included in the day-to-day operation of your business. It helps protect you against theft and health and safety issues. With up to 4K quality now available, you can rest assured that the camera never lies.

If you're considering investing in CCTV, talk to us today about what we can do to secure your business for the better! Don't wait until it's too late. Protect your business with a state-of-the-art CCTV system.

Posted on May 12th 2023

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