Loss Prevention : Simplified
The Business Situation
Criminal activity cost UK retailers £2.2bn in 2005*. And a staggering 53 percent of unseen losses are the result of employee theft. The retail market is increasingly competitive, which results in a continued demand to bring down the costs of shrink. Retailers are striving to reduce the financial impacts of fraud and the cost of detection. Limited time, resources and lack of automated processes, coupled with the volume of data involved, results in many retailers having to write-off significant losses. This results in higher prices for consumers and reduces shareholder value.
*According to the British Retail Consortium
Tackling the Problem
Sysrepublic knows the problem of Retail Loss very well. We have been working with our customers for many years to create a sustainable solution to the problem. Through this long term commitment we have gained a detailed understanding of what is needed by the Retailer to effectively combat Fraud.
The solution needs to be :-
- Integrated with the Retailers Business Systems and Processes
- Flexible and Easy to Change
- Understandable by the Loss Prevention worker
These are the founding principles we have adhered to when creating Secure 2007™ a Loss Prevention Solution designed for Retail businesses of all Sizes.