FINANCE: DATA TAPE MANAGEMENT
Inventrol is a technology company that provides a new, revolutionary patented system to keep track of highly sensitive data tapes for the financial industry.
The TracRac™ system handles all aspects of the inventory and security control cycle. It shows in real time, where data tapes are throughout the end-of-day process cycle.
"Inventrol's TracRac Data Tape Management solution is a great compliment; it gives us a real-time monitoring solution that goes well with our risk management strategy. Considering the potential ramifications of having an information incident we needed a better way to track our data tapes. As a bank we are required to comply with the Gramm-Leach-Bliley Act. The TracRac solution helps us to confirm that we are not missing any tapes that contain non public information. Since installing TracRac at our main data center and storage facility in November 2010, we have been extremely pleased with the real-time accuracy and control of our tapes."
Paul St. Martin, Vice President Information Technology, Lake Sunapee Bank
TracRac is high precision weighing software technology that utilizes bar code scanners and IP Camera technology.
Custom-made software is used to record and report the data online. The system will recognize when unauthorized events take place and within minutes email notifications are sent to management.
This will enable Bank Management and employee greater visibility when handling and transferring data tapes from one location to the next.