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Lost keys can cost a business dearly. Some of those costs are obvious, but if you’ve never dealt with the loss of a critical key, you may not appreciate some of the hidden costs. This article highlights ten different costs, some of them not-so-obvious, that stem from the loss of corporate keys.
The High Costs of Lost Keys
The business world may be going digital more and more every day, but physical lock and key security remains a cost-effective, reliable, and adaptable solution in most facilities. Some of these ten costs you may have already considered and written off. No big deal, right? But have you really thought about all ten different costs and their potential impact on your business?
Eliminate Unnecessary Costs Using Better Key Management
These different types of costs can be avoided or reduced using a reliable key management program. Manual key management is not only costly, it is prone to human error. Automated, electronic key management systems are more reliable, cost-effective, and provide consistently error-free key management at all hours of the day.
These key tracking systems are just a tool, though. And tools need to be used effectively. If you’re considering using an electronic key system, you should deploy it as part of an organized key management program that you design for your workplace’s specific needs. Of course, you need to sort out details, but designing a key management program should be a straightforward process.
Here is an easy five-step process that you can adapt to design your key management program:
Electronic Key Management Systems Eliminate Hidden Costs
A key management system does more than just secure keys. It eliminates the unnecessary, hidden costs of key loss and streamlines your day-to-day operations. If one of your business processes uses a key, there is a good chance a key management system can improve that work.
Want to learn more?Check out the Ultimate Guide to Key Control in the Workplace
About the Author
Vice President of Marketing
Jay oversees marketing and strategic partnerships at Real Time Networks and has over three decades of experience in leadership roles in the financial services and technology industries.