Bank Bags – How They Can Reduce Internal Fraud in SMEs

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According to the Chartered Institute of Management Accountants, US businesses accumulatively lose nearly $5 billion a year because of internal thefts and fraud. http://tamperevidentbags.net

Business Economy & Finance

Bank Bags – How
They Can
Reduce Internal
Fraud in SMEs

According to the Chartered Institute of
Management Accountants, US businesses
accumulatively lose nearly $5 billion a year
because of internal thefts and fraud. This figure is
only expected to rise in the coming years as a
rather faltering economic recovery only increases
criminal intent in society. For small and medium
enterprise (SME) owners, internal thefts and fraud
can be quite damaging as it can adversely affect
their cash position – the most important element
that prevents SMEs from falling into bankruptcy.
As such, it is quite important for SME owners to
take some precautions against internal theft and
fraud.

One such precaution is making use of
tamper evident bank deposit or bank bags.
Using tamper evident bags can be quite
helpful in reducing internal fraud or theft
within a medium-sized company. The
benefit is only highlighted if you use these
bags to store cash as bank bags. For
instance, let’s assume that you are a
medium-sized company owner and keep a
certain amount of cash in a safe. If you
keep the cash in the safe,

it is possible that someone could take
relatively small amounts at a time and you
would not realize this. However, if you keep
cash in a tamper evident bag, you would
immediately see that someone has accessed
your safe and tampered with the bag.
Another use of tamper evident bags is as
bank deposit bags. As a company grows, it
will become increasingly difficult for the
owner himself to visit the bank to deposit
money. In many cases, this task is delegated
to an employee.

It would be quite easy for a dishonest employee
to steal the business’ cash while depositing it in
the bank. This can be avoided by using tamper
evident bags as the bag will show signs of
tampering if anyone attempts to open or
damage it.

http://tamperevidentbags.net

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Bank Bags – How They Can Reduce Internal Fraud in SMEs

1. Bank Bags – How They Can Reduce Internal Fraud in SMEs

2. According to the Chartered Institute of Management Accountants, US businesses accumulatively lose nearly $5 billion a year because of internal thefts and fraud. This figure is only expected to rise in the coming years as a rather faltering economic recovery only increases criminal intent in society. For small and medium enterprise (SME) owners, internal thefts and fraud can be quite damaging as it can adversely affect their cash position – the most important element that prevents SMEs from falling into bankruptcy. As such, it is quite important for SME owners to take some precautions against internal theft and fraud.

3. One such precaution is making use of tamper evident bank deposit or bank bags. Using tamper evident bags can be quite helpful in reducing internal fraud or theft within a medium-sized company. The benefit is only highlighted if you use these bags to store cash as bank bags. For instance, let’s assume that you are a medium-sized company owner and keep a certain amount of cash in a safe. If you keep the cash in the safe,

4. it is possible that someone could take relatively small amounts at a time and you would not realize this. However, if you keep cash in a tamper evident bag, you would immediately see that someone has accessed your safe and tampered with the bag. Another use of tamper evident bags is as bank deposit bags. As a company grows, it will become increasingly difficult for the owner himself to visit the bank to deposit money. In many cases, this task is delegated to an employee.

5. It would be quite easy for a dishonest employee to steal the business’ cash while depositing it in the bank. This can be avoided by using tamper evident bags as the bag will show signs of tampering if anyone attempts to open or damage it. http://tamperevidentbags.net

Bank Bags – How They Can Reduce Internal Fraud in SMEs

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