As the central hub of retail sales, POS systems are fertile grounds for errors and a prime target for theft. As the volume of sales increases, so do the risks. Prevention, early detection, resolution, and correction are, therefore, vital to reducing these risks but this requires new dimensions of knowledge. Petrosoft’s Loss Prevention Analytics solution provides the knowledge needed and verifiable proof. The solution enhances both POS and loss prevention technology.
Loss Prevention Analytics is revolutionizing the way retailers manage their operations by providing a clear view of a retailer’s operations and verifiable proof of errors and theft. With this solution, retailers gain access to accurate and timely information that has been historically difficult or impossible to obtain. It provides this information by first automatically combining different sources of information, such as transactional and video data. It then analyzes the combined information, sets rules, and produces documentation and reports for prevention, early detection, investigation, and prosecution. This solution discourages theft with verifiable proof, identifies employee training issues, and quickly helps to verify transactions, risk events, and employee claims. It provides new dimensions of knowledge, control, and validation.
The solution includes a cloud-based interface enabling retailers, from any location, to quickly drill down into reports and click through to view the associated video footage from any Internet-connected device. Retailers can filter by date, location, employee, item, event, and type of transaction.
Loss Prevention Analytics is an amazingly helpful application to learn much more about your store operations than you probably want, as it will show you all critical transactions where owners usually lose money.” Iryna Maskaliova, SGII