Preventing Employee Theft with TanTrack

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Ideally, effective employee management means helping your staff at your tanning salon do their best work every day in support of your business goals. The reality is, however, that sometimes employee management means addressing a darker aspect of employment— theft and fraud.

Employee Theft: A Big Problem for Small Businesses

According to the Association of Certified Fraud Examiners, businesses lose an estimated 5 percent of annual revenue to employee fraud and abuse each year. Small businesses such as tanning salons with fewer than 150 employees are, unfortunately, the most likely to experience employee fraud and theft. These businesses are also more likely to experience significant or even catastrophic losses as a result of fraud, since they don’t have internal controls in place to counteract fraud.

How Fraud Happens at Salons

Billing fraud, in particular, represents about 20 percent of the theft at small businesses. In the context of a tanning salon, this might occur when an employee logs a transaction at a heavily discounted rate, charges the customer the usual rate, then pockets the difference. Business losses from theft can also involve employee theft of products.

An interesting twist in the narrative? The vast majority of employees (88 percent) who steal from small businesses try to cover their tracks. How do they do that? Most often, employees who attempt to hide fraud do so by either creating false documents and files or destroying or withholding real ones.

What can tanning salon owners do to reduce instances of fraud at their salons? Implementing a business software platform designed specifically for tanning salons, such as TanTrack, can do the trick.

TanTrack: Security Features Designed for Tanning Salons

TanTrack has developed a way for tanning salons to maintain more accurate records and features a variety of security measures that can give salon owners peace of mind. With TanTrack in place, salon owners can achieve better control and tracking of accounting documents, and effectively supervise and set limits on employee actions.

User Permissions

TanTrack allows you to specify which screens each employee can access. Any transaction executed by an employee is also tagged in the system with that employee’s unique ID code, making it easy to identify who may be engaging in fraud.

Maximum Discount Percentages

This business software platform for tanning salons also allows you to set discounts at a maximum percentage. This gives your team some wiggle room to bargain with customers, while ensuring that no employee can ever sell a service or product for little to nothing.

Online Booking

Customers can also schedule their own appointments online with TanTrack and pay for the service at the same time via a credit card. This reduces the opportunities for fraud at the cash register.

TanTrack also comes with bookkeeping features, extensive reporting, and inventory management, allowing you to better track payments, product count, and more.

Talk with the TanTrack Sales Team today to learn more about our security features or request a full demo of TanTrack to discover how it can transform employee management at your salon!