Exception based reporting loss prevention software

Agilences data analytics platform i s a flexible and powerful cloud based solution built to provide organizations with a complete view of their business, empowering them to make informed decisions faster, to increase efficiency, and to improve profit. In the case of pos exception systems, software applications take data from pos systems. Fill out the form below to request more information about trends exception based reporting system from stanley security latest in pointofsale hardware software loss prevention solutions. Direct all orc training and development programs in. Agilence is the industry leader in data analytics and reporting solutions for retail and restaurant organizations.

Verisk analytics to acquire aspect loss prevention to enhance. Oracles microsretail xbr loss prevention, an exception based reporting and loss prevention solution that lets retailers quickly and easily identify, track and respond to store events to gain insight into what was happening inside each of his stores. Retail loss prevention is a set of practices employed by retail companies to preserve profit. Product solink video surveillance with security system. Uses loss prevention case management software to link various incidents and develop orc cases that cross various channels omnichannel in assigned market.

Solinks video surveillance software connects your security camera footage with your pos data and creates a dashboard of analytics and searchable moments. Upon implementation and full monitoring of pos data from this head of loss preventions 1,500 stores, the company had 8,000 employees processing over 2. If training and awareness programs need support, we can design and recommend solutions that add value. Based on the companies that have established analytical tools, 49% of retailers are successfully applying the results they learn to control their loss. Mar 27, 2019 this fusion of expertise and science is the base of our ai and ml approach with functionality that includes exception based reporting dashboards. Works with director of loss prevention to develop loss prevention and investigations programs that support the needs of the field. Exceptions reports allow managers to drill down to the actual barcode.

Oracle retail xbri loss prevention cloud service data sheet. The most common purpose of this type of reporting has been to help loss prevention professionals at retail organizations to easily identify. Thinklp loss prevention analytics is incredibly affordable. The retail software can be quickly customized to each unique retailers business model, pointofsale system and reporting needs from multiple data sources. With exception based reporting, management can identify internal and external shrinkage, and take corrective action to protect your profits.

Designed for flexibility to scale regionally and nationally, trends leverages exceptionbased insights combined with surveillance footage to uncover inefficient processes. For approximately the last decade, exception based reporting has made an immense impact in restaurant profit strategies and loss prevention. Agilence is flexible and powerful enough to integrate with any new or existing pos system. We have a team of statisticians with ms and phd degrees, a statistical criminologist, and a certified fraud examiner on staff. Most existing loss prevention software applications use exception based reporting that tends to generate high false positives. Aptos loss prevention analyzes a central database of storelevel transactions to automatically detect patterns of fraudulent activity. With system and userdefined exception reporting, retailers can easily see when. The regional loss prevention manager also is responsible for all controllable lines to include shrink, cash handling, bad checks and credit card chargebacks. Appriss retail acquires verisks retail loss prevention. Leveraging existing investments in loss prevention technology is an effective way to improve your customers experience. Aspects software is used throughout the united states as well as in europe and asia.

Aspect loss prevention has saved retailers significant amounts of money attributed to the reduction of internal theft through its stateoftheart exception based reporting and analytic tools and techniques. One of my favorite retail loss stories is from one of the first end users i worked with to implement an exception reporting business intelligence software product. Work with field team on exception based reporting and support field with investigative closure such as phone interviews and collections followup. From loss prevention to pointofsale and electronic article surveillance, dont try ripping us off. The beauty of having your own program is you can adjust it to include whatever.

We develop intelligent data analytics and reporting technology that enables organizations to easily connect the dots within their stores or restaurants by automatically collecting and summarizing data to identify anomalies and trends that can improve. It goes into action quickly, using exception based reporting methods to easily identify, track, and respond to store. An exception based reporting system like oracle retail xbr i loss prevention analyzes pos data continuously to look for exceptions or anomalies, finding outliers in regard to refunds, discounts, line or post voids, or other activities that might indicate problem behavior on the part of employees or customers. Most commonly, though, when we refer to pos exception report systems, we are talking about software. To identify theftrelated trends and combat loss, you might have invested in a variety of singlepurpose tools. Benefit from the advantages of a unified analytic platform. As a leader in the management and analysis of exception based reporting ebr systems, lp innovations can provide your company with proven solutions to reduce inventory losses which will quickly show a return on your investment. Recorders, cameras, software, and other cctv equipment. Weve created a revolution in the loss prevention software market and we hope youll join us thinklp is by far the most comprehensive and flexible loss prevention platform at an. Trends exceptionbased reporting system from stanley security. Pos exceptionbased reports, it can shed light on loss prevention. Vrsk, a leading source of information about risk, announced today it has signed an agreement to acquire minneapolisbased aspect loss prevention, a leading provider of loss prevention software and analytic solutions to the retail.

Agilence platform overview data analytics software for. We are experts at supporting the client in any or all areas of its loss prevention program. Agilence develops retail 2020, a cloud based software asaservice solution that provides visibility into daily store operations to reduce fraud and increase efficiency. Appriss retail solutions deliver immediate and measurable results. Were constantly listening and delivering awesome new features with a rapid rate of innovation. When you extend surveillance monitoring to marketing and merchandising and integrate retail intelligence into existing video surveillance platforms, you can meet your customers specific and targeted needs. Building business value in loss prevention 20150901. Protect the interests of your business with loss prevention application software for the webpos.

For retailers dealing with these challenges, there is often no automated way to understand which store or terminal the fraud is rampant. A preventable loss is any business cost caused by deliberate or inadvertent human actions, colloquially known as shrinkage. Agilence and exacq announce integration of retail 2020. Making business decisions based on data is often easier said than done. Combine video surveillance with pos transaction data for exception based reporting and enhanced loss prevention capabilities. They can be web, network, server, or singleclient based. Olympia chooses crs industryleading, crosschannel order. About aspect loss prevention, llc aspect loss prevention has saved retailers significant amounts of money attributed to the reduction of internal theft through its stateoftheart exception based reporting and analytic tools and techniques. Use exception based reporting to detect and prevent theft. Zellmans team is comprised of industry experts in exception based reporting tool implementations and analytics. Aptos loss prevention analyzes a central database of storelevel transactions to. Exception based reporting archives econnect global. Combining verisk retail with appriss and lp software, appriss retail is now. Four new applications for loss prevention data and.

Exception based reporting loss prevention software and loss. Oracle retail xbri loss prevention cloud service data. Upon implementation and full monitoring of pos data from this head of loss prevention s 1,500 stores, the company had 8,000 employees processing over 2. The technologycentric approach also fails to take into account the unique delivery model and risk profile of each business. Sep 01, 2015 quintero, a forwardthinking operator of 10 kfc locations in florida, knew that he could use video and audio integrated with kfcs reporting system oracles microsretail xbr loss prevention, an exceptionbased reporting and loss prevention solution that lets retailers quickly and easily identify, track and respond to store events to. Pos exception reporting with integrated video blog. Aspect loss prevention offers retailers a plethora of lp services as well as its stateoftheart exception based reporting software, elite loss prevention. The us national restaurant association estimated that employee theft costs its members 4% of overall food sales on an annual basis.

Exception based reporting reduce shrinkage with detailed exception reports by employee, with product name and time the employee deleted, voided, returned or discounted a product. Demonstrate proficiency with exception reporting including ad hoc reporting. Agilence develops retail 2020, a cloudbased softwareasaservice solution that provides visibility into daily store operations to reduce fraud and increase efficiency. All our features are helpful, but theres a few key tools that we know youll love for retail loss prevention and fraud investigation in particular. Automated deals and discounts to avoid sweethearting exceptionbased reporting voids, nosales, deletions, discounts per employee employees clearances to allow or block certain. Its business intelligence and exception based reporting to help you see more of your business. According to cheryl blake, vice president of loss prevention services for aspect.

No more combing through a weeks worth of data points, trying to find evidence of loss. Contact aspect for your exception based reporting software solutions as well as lp training, consulting and analysis. Trends is a cloud based business intelligence bi tool that ties exception based reporting ebr, video data, and third party applications into an easy to use dashboard and provides a clean, simple visual snapshot of your business. Trends can help corporate executives and regional loss prevention teams have accounting and video evidence at their fingertips to increase apprehensions and reduce broken processes. Tyco retail solutions releases the new 2018 sensormatic. Jun 10, 2017 an exception based reporting system like oracle retail xbr i loss prevention analyzes pos data continuously to look for exceptions or anomalies, finding outliers in regard to refunds, discounts, line or post voids, or other activities that might indicate problem behavior on the part of employees or customers. Now, you can increase your profitability and automate risk assessment with powerful analytics tools. The implementation of ebr in the restaurant world has proven to have a direct effect on profitability and overall operational efficiency, saving some hundreds of thousands of dollars, annually. Loss prevention according to a national retail security survey, 75% of retail employees are likely to steal if proper procedures and tools are not in place.

Gulfcoast software solutions flexible, innovative, leading edge loss prevention software suite features multiple device data mining, and a broad range of real time, event driven, local and enterprise tools that simplify lp operations, and pinpoint targeted activity for action. Profitect prescriptive analytics company for retail. Specialties retail loss prevention, retail video analyst services, retail operations, restaurant loss prevention, exception based reporting, data analytics, restaurant operations, pharmacy. Data loss prevention capabilities were recently added to microsoft teams chat and channel messages for users licensed for office 365 advanced compliance, which is available as a standalone option and is included in office 365 e5 and microsoft 365 e5 compliance. Trends exceptionbased reporting system from stanley.

After electronic article surveillance eas, alarm monitoring is the next most popular loss prevention investment, followed by access control systems, exception based reporting and closedcircuit. Your pointofsale pos system is a rich source of information on your store operations. Integrated retail software launch stanley security. The benefits and roi of online pos exception reporting loss.

Key features include a web based user interface for ease of use, exception report management that can be run ondemand or on a schedule, quick focus analysis tools to immediately query detailed transaction history, case management tools, and custom report writing for adhoc report. Instead of sending someone a report to analyze, just tell them what they should know and prescribe the actions they should take. Lp innovations exceptionbased reporting lp innovations. Restaurants using exception based reporting have found it can help, among other things, to aid loss prevention and to reduce inventory shrinkage. Introducing dynamics 365 account protection and loss. It also provides highly effective case management and reporting tools, allowing retailers to manage all aspects of loss prevention within a. Verisk analytics to acquire aspect loss prevention to. Agilence is the leading provider of reporting and data analytics to the retail, convenience, grocery, pharmacy, and restaurant industries.

Its business intelligence and exceptionbased reporting to help you see more of your business. Today, exception based reporting is a staple loss prevention tool for retailers to detect and prevent employee fraud and customer incidents, and to protect assets overall. Many decisionmakers are far from data experts, making it hard to make sense of the metrics in front of them. Detect and investigate pointofsale irregularities in retail data on an exception basis with sap loss prevention by fujitsu. Utilize exception based reporting software to analyze data, run reports and use data mining capabilities to trend behavior and isolate highrisk point of sale transactions. This exception based reporting tool analyzes a central database of storelevel transactions provided by epicor retail audit and operations management to automatically detect patterns of fraudulent activity. Agilence is the leader in data analytics and reporting in the retail, restaurant, grocery, convenience, and pharmacy industries.

Search for license plates in your video management software. Four new applications for loss prevention data and exception. We use data analytics not available through any other source including your inhouse analysts. After eas, retailers are investing in alarm monitoring as the next most popular loss prevention method, followed by access control systems, exception based reporting and video surveillance to help.

Why exception based reporting is vital for restaurant operators. Enhance pos exceptionbased reporting with integrated video. An exceptionbased reporting system like oracle retail xbri loss prevention analyzes pos data continuously to look for exceptions or anomalies. Saleguard is more than just loss prevention software, with benefits encompassing several platforms. Use insights from exception based reporting to manage cases and reduce fraud across multiple locations.

Its made a huge impact in the north american loss prevention lp. By leveraging intuitive icons and color groupings, trends empowers the user to interpret vast amounts of disparate data more effectively and efficiently than ever. Exception based reporting loss prevention software and. Details on march networks integrated solutions including rfid, license plate recognition, and atm and pointofsale systems integrations. Conduct and direct investigations through traditional and nontraditional methods cyber, data analytics, social media, open source research. Sensormatic solutions seamlessly combines the power of a.

Stanley security has evolved shrink control in retail via an innovative combination of exception based reporting and video surveillance. Here we will specifically discuss pos exception reporting. Epicor retail loss prevention streamlines and accelerates the entire process. If this includes exception based reporting, pica can provide reliable software options, support the implementation phase and conduct data mining. This position is responsible for determining the effectiveness of loss prevention policies and procedures through compliance auditing and use of exception reporting. Retailnext takes full advantage by extracting data from all popular pos systems to generate a variety of analytics, including fullfeatured exception reporting. Enhanced loss prevention a standard pos exception based reporting system will identify the employee involved in each void, refund or discount, as most employees have to login to use the system. Every retailer i have ever worked had their own exception based reports. Agilence develops retail 2020, an intelligent storelevel reporting solution that provides visibility into daily store operations to reduce fraud and increase efficiency. Jun 10, 2019 here are a few ways that integrating video with pos exception based reports can benefit your business. The report found that currently 56% of retailers have a centralized data analysis group focused on loss prevention exception reporting. Digiop is a pioneering software development company specializing in video and data loss prevention solutions for retailers. Provides executive updates and reporting on assigned areas.

Verisk analytics to acquire aspect loss prevention to enhance retail loss prevention. True value can come from implementing an exception based reporting system that makes it easy to sort and filter data to quickly identify outliers from normal behavior. Analytics and exceptionbased reporting tools are integral to building. Moreover, there is also a lack of no exception based reporting in place for loss prevention investigators that can enable them to zoom in and readily understand these patterns and take corrective actions. Identify and stop shrink, noncompliance, coupon abuse, and more in nearreal time with profitects prescriptive actions. Kpibased reporting features improve the productivity of loss prevention. But with agilences data analytics and reporting solutions, decisionmakers at every level of the organization will be able to easily bridge the gap between complex data, insight, and action. Retail loss prevention instore retail analytics dtiq. Profit preservation is any business activity specifically designed to reduce preventable losses. Reduce total retail loss, increase revenue, and improve performance. This can make employee theft prevention especially cash register loss prevention and restaurant loss prevention a toughtotackle problem for businesses of all sizes. A preventable loss is any business cost caused by deliberate or inadvertent.

Oracle retail xbri loss prevention cloud service on the go, so data can remain at their fingertips. Restaurants, retailers, and financial institutions use solink to increase profits, reduce theft, and save time. Traditional loss prevention approach has not been effective most existing loss prevention software applications use exception based reporting that. Data drives todays retail loss prevention environment.

Dtiq specializes in retail loss prevention, helping businesses outsource exception based reporting, program design, physical security, resource allocation planning, and more. The methods surface the work for loss prevention field users by bringing data anomalies to light, allowing them to focus on what they were hired to do. Data helps restaurants battle profit loss hospitality technology. Our powerful business intelligence software helps your loss prevention team enhance their efforts to deliver high quality customer service. Data helps restaurants battle profit loss hospitality. Microsretails xbr loss prevention and store analytics solution is the worlds most widely used loss prevention and store dat a analysis tool. The premier retail analytics provider in the market.