A video security system is a must for any organization looking to protect their business and achieve compliance. A good camera system will prevent theft, vandalism, unauthorized access, false claims and more. However, as any investment, determining the return on investment (ROI) before making the purchase decision is crucial.
Most organizations think of video security systems as a necessary cost, and when designed correctly, surveillance systems can turn into a money making machine that supports your operations, reduces costs, and protects your staff and assets.
In this blog post, we will explain how to calculate the ROI for your video surveillance system and why it is essential to do so.
What is ROI and Why is it Important?
How to Calculate the ROI for Your Video Surveillance System
Step 1: Determine the Total Cost of Your System
Step 2: Determine the Annual Savings from the System
The next step is to determine the annual savings your video surveillance system (or CCTV system) will provide, which includes:
- Reduction in theft or vandalism
- Reduction in insurance premiums
- Reduction in the number of security personnel required
- Increased productivity
Step 3: Calculate the ROI
Consider Intangible Benefits
Video surveillance systems positively impact different areas of your company. When you integrate your solutions with access control or leverage your cameras with analytics, your video security system can provide incredible operational benefits like:
- The ability to remotely monitor multiple locations
- Leveraging AI to get operational insights and detect areas of opportunity.
- Use your business CCTV systems to create new content for marketing campaigns.
- Reduce the need for onsite security staff.
- And more!
BTI the Business Video Surveillance Provider Near Me
Calculating the ROI for your video surveillance system is an essential step in justifying the investment, identifying areas for improvement, and maximizing your resources. By following the simple steps outlined in this blog post, you can determine the ROI for your system and make an informed decision on your next security investment.
Remember, video security systems can provide significant savings and increase the safety and efficiency of your business.
At BTI we have more than 35 years in the field of physical security, communications and IT, and we are able to design, install, maintain, monitor, and update all of your physical security needs! Contact us today to get a video security solution that supports your operations, reduces costs, and makes you money!
