Maximising Security Investments: End of Financial Year (EOFY) Tips for Businesses

Maximising Security Investments: End of Financial Year (EOFY)

5 June 2024 | John Farrell

Maximise Your Security Investments This EOFY: Essential Tips for Businesses

As the End of Financial Year (EOFY) approaches, it's the perfect time for businesses to evaluate their budgets and plan for the upcoming year. Investing in security upgrades can enhance your business’s safety and operational efficiency. At Metwide Communications, we specialise in providing top-notch security solutions tailored to your needs. Here are strategic tips to help you maximise your security investments this EOFY.

Assess Your Current Security Infrastructure

Start by evaluating your current security systems. Identify vulnerabilities and outdated equipment that could compromise your business’s safety. Review your CCTV systems, access control mechanisms, and alarm systems to ensure they meet the latest industry standards.

Upgrade to Advanced Security Technologies

Modernise your security with advanced technologies:

  • Access Control Systems: Integriti and Inception provide scalable solutions that integrate with other security technologies.
  • CCTV Systems: Brands like Hikvision, Axis, and Avigilon offer high-definition cameras and advanced features like remote monitoring and analytics.

Implement Comprehensive Access Control

Update your access control systems with RFID readers, biometric systems, and keyless entry options to enhance security and streamline access management.

Consider Preventative Maintenance Plans

Regular maintenance ensures your security systems perform optimally. Invest in a preventative maintenance plan to avoid unexpected breakdowns and costly repairs. Schedule regular physical and remote inspections.

Leverage Tax Benefits

Take advantage of tax benefits for security investments. Many businesses can claim deductions on security-related expenditures. Consult with your accountant to understand the specific benefits for your business.

Plan for Future Growth

Ensure your security systems can scale with your business. Scalable solutions allow you to add new components and features as needed without significant additional costs.

Invest in Training and Awareness

Security systems are only as effective as their users. Train your staff to properly use and manage your security systems. Foster a culture of security awareness to prevent human errors and potential breaches.

Partner with a Trusted Security Provider

Choosing the right security provider is crucial. Metwide Communications offers customised security solutions, professional installation, and ongoing support. Visit our Security Services page for more information.

Benefits of Investing in Security Upgrades

  • Deterrent to Crime: Visible security measures like cameras and alarms can prevent crime.
  • Enhanced Employee Safety: Access control systems improve workforce safety and productivity.
  • Protecting Your Assets: Upgrades protect against theft and vandalism, ensuring business continuity.
  • Reduction of Internal Fraud: Cameras and access control help detect and prevent internal theft.
  • Lower Insurance Premiums: Security upgrades can lead to discounts on business insurance premiums.

Security Measures to Consider

  • Security Camera Systems: Deter and record potential incidents. Consider active deterrent cameras, ANPR cameras, and thermal imaging cameras.
  • Alarm Systems: Choose between self-monitored and professionally monitored systems.
  • Access Control Systems: Control who can enter your premises for increased security.


EOFY is the ideal time to reassess and enhance your business’s security infrastructure. By investing in advanced technologies, preventative maintenance plans, and leveraging tax benefits, you can ensure a secure environment for your business operations. Contact Metwide Communications today to learn how we can help you maximise your security investments this EOFY.

By following these tips and partnering with a trusted provider like Metwide Communications, you can effectively protect your business, employees, and assets. Let us help you create a secure future for your business. Visit our Security Services page to discover how we can meet your security needs.


NSW Master Security License: 000107431

QLD Master Security License: 4606777

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