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System can analyse staff theft
Archived article dated Wednesday May 6th 2009
A New Business Analysis Loss Prevention system from Torex Retail Holdings has been launched to help retailers tackle the issue of internal losses.
The software provides retailers with an insight into improperly handled sales, returns and refunds by staff. It is designed to be installed in the central database of a retail chain to allow managers to scrutinise inconsistencies across millions of transactions, identifying dishonest practices by employees.
As it is a web-based product, store information can be accessed and analysed by both local store managers and head office. Its pre-packaged nature means it can be easily installed and rapidly deployed, allowing retailers to start obtaining value from it by identifying and stopping theft as quickly as possible. It integrates with CCTV to heighten monitoring and offer enforced evidence admissible in a court.
Torex chief marketing officer Doug Hargrove says, “Internal losses are crippling many retailers and with the current times proving tough, identifying these losses is especially important to safeguarding profits. We are confident that Torex Business Analysis Loss Prevention will lead to significant cost savings for retailers across a large variety of sectors.”
Tagged as: Torex | loss prevention
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