Security has become a key focus for most organizations because innovation and advancement in business world is speedy, and so is the need to maintain security while keeping costs low. It may be very appealing to view traditional locks as cheaper alternatives; however, tasks such as locksmith services, lost key replacements and other costs occur frequently over time. Electronic door locks can be said to be a reasoned investment in that they will improve internal security, enhance flexibility and ultimately increase operational efficiency. The objective of this paper is to establish why electronic door locks provide financial advantages to corporations emphasizing their characteristics, production techniques and use.