1) Retail analytics platforms can help LP professionals do more with less by providing tools to more quickly detect, investigate, and resolve cases through features like comprehensive POS exception reporting, real-time security event monitoring, and easy multi-camera video investigations.
2) These platforms integrate video management, asset protection, POS exception reporting, security event monitoring, and easy data access and reporting to help LP professionals achieve goals with tighter budgets and resources.
3) When implemented as part of a holistic retail analytics platform used across the organization, the LP module can help maximize ROI for the LP budget by providing analytics and solutions for the entire retail organization.
From Bad to Worse: How to Stay Protected from a Mega Data BreachPaymetric, Inc.
Data breaches are hitting the news now more than ever before and the trend is getting nothing but worse. View our presentation to learn how deep a breach can go, common misconceptions and best practice solutions to keep your SAP-based business protected.
The document discusses secure payment integration solutions for SAP. It provides an overview of Paymetric as an award-winning payment processor and describes the challenges of accepting electronic payments within SAP systems, including limited functionality, PCI compliance, and high costs. The document outlines Paymetric's solutions that securely integrate payments into SAP, including credit card processing, accounts receivable payments, tokenization for sensitive data, and reconciliation reporting.
Vera Bradley Chooses Paymetric to Automate Their Payment Processing NeedsPaymetric, Inc.
Vera Bradley implemented an integrated payment processing solution from Paymetric to enable secure online payments. The solution included XiPay On-Demand for payment acceptance and integration, XiSecure On-Demand for tokenization, and a CNBS Web AR solution. This allowed Vera Bradley to launch a B2B payment portal, automate accounts receivable, reduce PCI compliance scope and costs, and provide customers with secure online payment options.
When does a company need to be PCI compliantDivya Kothari
This document discusses whether ABC, a small but growing company that analyzes billing details to identify fraud, needs to be PCI compliant. It conducts a cost-benefit analysis of PCI compliance. While compliance provides security benefits, it also has significant costs. The document recommends that ABC strengthen its internal security processes regardless of PCI compliance. It suggests conducting a data inventory and analyzing its cardholder data environment before deciding on compliance.
From the eCommerce Summit in Atlanta June 3-4, 2009 where Mountain Media explains the topic of PC Compliance for online merchants. Visit http://www.ecmta.org to find out more.
How To Avoid PCI Pitfalls in Keeping Your SAP® System Compliant and SecurePaymetric, Inc.
Many companies find it challenging to keep sensitive card data out of their SAP® systems.
View this presentation to learn how you can leverage Paymetric's XiIntercept for SAP® to prevent card data from ever entering your SAP environment - minimizing PCI Compliance scope and reducing the risk of a data breach.
For more information, visit www.paymetric.com.
Don't Handle Sensitive Data. Create A Tokenization Layer Around Your Enterprise.Paymetric, Inc.
This document discusses creating a tokenization layer around an enterprise to securely handle sensitive data. It describes how tokenization solutions can help companies qualify for SAQ-A for PCI compliance by outsourcing all cardholder data functions and not storing, processing, or transmitting cardholder data on premises. The document recommends consulting with an acquirer or QSA to confirm that a tokenization solution would achieve SAQ-A requirements.
Transform the value of video with video analytics at ip ug finalNick Wooler
Getting projects approved in a challenging economic environment requires a strong business case driven by the ability to grow the business. An open platform that can meet the critical security requirements of searching terrabytes of video in seconds, build cases quickly and provide business and security alerting are minimum requirements. Transform the value of video in your organization with new video analytics like customer counting, queue line analysis, advance object tracking and customer not present. These new capabilities will help grow the business by providing video intelligence for marketing, merchandising and customer service and provide access to additional budget to get your project approved.
From Bad to Worse: How to Stay Protected from a Mega Data BreachPaymetric, Inc.
Data breaches are hitting the news now more than ever before and the trend is getting nothing but worse. View our presentation to learn how deep a breach can go, common misconceptions and best practice solutions to keep your SAP-based business protected.
The document discusses secure payment integration solutions for SAP. It provides an overview of Paymetric as an award-winning payment processor and describes the challenges of accepting electronic payments within SAP systems, including limited functionality, PCI compliance, and high costs. The document outlines Paymetric's solutions that securely integrate payments into SAP, including credit card processing, accounts receivable payments, tokenization for sensitive data, and reconciliation reporting.
Vera Bradley Chooses Paymetric to Automate Their Payment Processing NeedsPaymetric, Inc.
Vera Bradley implemented an integrated payment processing solution from Paymetric to enable secure online payments. The solution included XiPay On-Demand for payment acceptance and integration, XiSecure On-Demand for tokenization, and a CNBS Web AR solution. This allowed Vera Bradley to launch a B2B payment portal, automate accounts receivable, reduce PCI compliance scope and costs, and provide customers with secure online payment options.
When does a company need to be PCI compliantDivya Kothari
This document discusses whether ABC, a small but growing company that analyzes billing details to identify fraud, needs to be PCI compliant. It conducts a cost-benefit analysis of PCI compliance. While compliance provides security benefits, it also has significant costs. The document recommends that ABC strengthen its internal security processes regardless of PCI compliance. It suggests conducting a data inventory and analyzing its cardholder data environment before deciding on compliance.
From the eCommerce Summit in Atlanta June 3-4, 2009 where Mountain Media explains the topic of PC Compliance for online merchants. Visit http://www.ecmta.org to find out more.
How To Avoid PCI Pitfalls in Keeping Your SAP® System Compliant and SecurePaymetric, Inc.
Many companies find it challenging to keep sensitive card data out of their SAP® systems.
View this presentation to learn how you can leverage Paymetric's XiIntercept for SAP® to prevent card data from ever entering your SAP environment - minimizing PCI Compliance scope and reducing the risk of a data breach.
For more information, visit www.paymetric.com.
Don't Handle Sensitive Data. Create A Tokenization Layer Around Your Enterprise.Paymetric, Inc.
This document discusses creating a tokenization layer around an enterprise to securely handle sensitive data. It describes how tokenization solutions can help companies qualify for SAQ-A for PCI compliance by outsourcing all cardholder data functions and not storing, processing, or transmitting cardholder data on premises. The document recommends consulting with an acquirer or QSA to confirm that a tokenization solution would achieve SAQ-A requirements.
Transform the value of video with video analytics at ip ug finalNick Wooler
Getting projects approved in a challenging economic environment requires a strong business case driven by the ability to grow the business. An open platform that can meet the critical security requirements of searching terrabytes of video in seconds, build cases quickly and provide business and security alerting are minimum requirements. Transform the value of video in your organization with new video analytics like customer counting, queue line analysis, advance object tracking and customer not present. These new capabilities will help grow the business by providing video intelligence for marketing, merchandising and customer service and provide access to additional budget to get your project approved.
Vector Intelligent Solutions provides complete managed business infrastructure, security and intelligence solutions for retailers through a collaboration between loss prevention and IT teams. The document discusses how technology is changing loss prevention roles and requiring more collaboration with IT on network infrastructure and analytics. It argues that taking a holistic approach considering all business needs across departments can provide true business visibility and intelligence through consolidated security and operations data.
This document discusses how to facilitate PCI compliance using Tango/04 security solutions. It describes the PCI DSS requirements and incentives for compliance, including penalties for non-compliance. It then summarizes Tango/04's automated tools for continuous monitoring, real-time alerts, and compliance reporting that can help organizations achieve and maintain PCI compliance. The document provides an overview of Tango/04's multi-platform security capabilities and how they map to PCI requirements. It also includes testimonials from customers who have used Tango/04 solutions to simplify their auditing processes and compliance efforts.
Bpm in financial services michael heffner (foreword)Neeraj Jaisingh
This document is advertising a free download of the book "BPM in Financial Services Second Edition". It provides information about the book such as its topics, authors, and copyright details. It encourages the reader to download the book for free using a provided discount code. It also mentions that case studies featured in the book have received prestigious awards for excellence in business process management and workflow.
Modern technology and IT systems are critical assets for retailers to efficiently manage complex operations like multiple stores, vendors, warehouses, employees, and customers. The document discusses how Indian retailers are increasingly investing in IT systems to improve core retail processes like planning, ordering, sales, financing, and human resources. It also outlines the major IT systems and software required by retailers, including merchandise planning software, vendor management software, logistics/warehousing software, CRM software, and financial software. Retailers need to implement and integrate different software modules to effectively manage their business operations and gain insights from data analytics.
This white paper discusses the advantages of IP video surveillance systems compared to traditional analog systems for retail operations. IP surveillance provides higher resolution video, integrated intelligence at camera levels to detect events like theft, and centralized access and management of video feeds across a network. This improves loss prevention, enables additional business uses of stored video like consumer behavior analysis, and reduces total costs through leveraging existing IT infrastructure and use of open standards. Key benefits highlighted include improved loss prevention through automated detection, greater business value from new research applications, and lower ownership costs through centralized management and remote access.
Facit provides video analytics systems to help retailers optimize operations and sales through solutions like QueueManager, HeatMap, and PeopleCounter. These solutions monitor customer behavior and traffic patterns using existing security cameras to help retailers improve staffing, product placement, and the customer experience. Facit's systems are easy to install, integrate with various camera systems, and provide actionable intelligence and reporting to drive better business decisions.
Since the days of CCTV, the main application of video has been for surveillance used by security personnel, but video can also be used for other applications. Join us to learn how departments responsible for operation efficiency, compliance and safety can utilize a video system to see what is happening at their sites and do their jobs better.
Just like the wide range of businesses they're used in, POS systems come in variety of types and capabilities. The needs of a retail store vs. a restaurant are different enough that there isn't a single solution to fit every application. POS systems are a combination of software and hardware that has come a long way from basic cash registers. Finding the right combination of components is key to properly managing your business, maintaining customer satisfaction, and being successful. The most valuable POS system is one that will allow you to run your business the way you need to.
White Paper - How Video Delivers ROI for Today’s Financial Services Industry ...Panopto
The document discusses how video can deliver return on investment (ROI) for financial services institutions. It describes how organizations can use video platforms to maintain a centralized, secure library of video assets. It also explains how video can help with onboarding new employees, developing future business leaders through training videos, and preserving employee expertise by capturing their knowledge in videos.
The document discusses the importance of point of sale (POS) systems for businesses and describes the development of a POS system for a tea shop called Chado. Key points:
1) Every retail store needs a cash management system like a cash register or POS system to process sales transactions. POS systems can save stores money, quickly process customers, and keep accurate records.
2) The developers will create a POS system for Chado tea shop using the system development life cycle (SDLC), which includes planning, analysis, design, implementation, and maintenance phases.
3) The developers interviewed the owner of Chado to gather requirements and will review collected data to design a system that eases the store's cash management
This white paper discusses the importance of asset intelligence for organizations. It defines asset intelligence as having a complete and accurate understanding of all corporate assets. This level of asset data visibility allows organizations to better optimize resources, improve decision making, and gain competitive advantages. The paper also introduces assetDNA, a solution from Relegen Pty Ltd that uses new technologies like sensors, mobile apps, and unique asset identification to provide real-time asset data insights across organizations.
Out of the shadows with fiscal compliance technology White Paper Retail Innov...Marie Ivarsson
This document discusses the problem of tax evasion through the use of digital technologies like sales suppression software in point-of-sale systems. It notes that the shadow economy costs countries vast amounts in lost tax revenue. Specifically, it focuses on underreporting of sales in the retail and hospitality sectors through techniques like "zappers" which are add-on software, and "phantomware" which is pre-installed hidden software. Both types of sales suppression software can delete or alter sales records to help business owners evade taxes by reducing reported income. The document advocates for the use of fiscal compliance technologies and legislative frameworks to help prevent such tax fraud and generate additional tax revenue.
Proposal for hotel management system and web developmentMohammad Sayem
This document proposes various software solutions from SRRK IT Limited, an international software development company, to J&Z Group. It describes hotel management, point of sale, web development, and e-commerce software that can help reduce costs, streamline operations, and increase efficiency. Examples of features and benefits of the different systems are provided.
Retailing Management unit - 5 - IMBA Osmania universityBalasri Kamarapu
Retail Management Information System and Retail Research:
Retail Technology and Automations;
Retail Technology and CRM;
Human resources and Executive information systems;
Developing a research Methodology;
Retail audit
KeyVision PRO is a legal business platform that provides integrated online solutions to help legal professionals and law firms be more efficient and profitable. It offers tools for timesheet and billing management, case management, client management, task management, and financial and business development to streamline daily legal work. KeyVision also provides tailored performance reports and marketing features to help law firms understand their business and grow their practice. All data is securely hosted and encrypted to the same standards as online banks.
Vertexplus' video analytics solution provides the user a highly reliable, truly versatile, scalable video analytics and management suite, adaptable to diverse scenarios & operational challenges.
The document discusses how risk management information systems (RMIS) can help captive insurance companies overcome data challenges. It explains that captives face increasing regulatory requirements, financial reporting needs, and strategic goals that require efficient handling of large and diverse data. An RMIS can automate operations like underwriting, claims management, finance, and reporting. Selecting an RMIS requires considering the captive's unique needs, operations, and information flows. The system should integrate internal and external systems and be flexible enough to change with business needs.
PYP is a mobile payment platform that allows customers to make insurance premium payments digitally and receive receipts. It retrieves customer policy data, updates supporting software, and detects lapsed policies in real-time. Open Breeze is a web-based account management system for micro-enterprises that tracks insurance products and payments. It aims to provide the tools to enable financial institutions to facilitate "micro banks" in underserved markets by offering banking products through existing networks like funeral parlors. The software solutions aim to improve data quality, transparency, and efficiency in the insurance industry.
POS (Point of Sale) software development refers to the process of creating software applications that facilitate sales transactions and streamline business operations at the point of sale. A point of sale is the location where a customer completes a purchase, such as a retail store, restaurant, or online store.
Vector Intelligent Solutions provides complete managed business infrastructure, security and intelligence solutions for retailers through a collaboration between loss prevention and IT teams. The document discusses how technology is changing loss prevention roles and requiring more collaboration with IT on network infrastructure and analytics. It argues that taking a holistic approach considering all business needs across departments can provide true business visibility and intelligence through consolidated security and operations data.
This document discusses how to facilitate PCI compliance using Tango/04 security solutions. It describes the PCI DSS requirements and incentives for compliance, including penalties for non-compliance. It then summarizes Tango/04's automated tools for continuous monitoring, real-time alerts, and compliance reporting that can help organizations achieve and maintain PCI compliance. The document provides an overview of Tango/04's multi-platform security capabilities and how they map to PCI requirements. It also includes testimonials from customers who have used Tango/04 solutions to simplify their auditing processes and compliance efforts.
Bpm in financial services michael heffner (foreword)Neeraj Jaisingh
This document is advertising a free download of the book "BPM in Financial Services Second Edition". It provides information about the book such as its topics, authors, and copyright details. It encourages the reader to download the book for free using a provided discount code. It also mentions that case studies featured in the book have received prestigious awards for excellence in business process management and workflow.
Modern technology and IT systems are critical assets for retailers to efficiently manage complex operations like multiple stores, vendors, warehouses, employees, and customers. The document discusses how Indian retailers are increasingly investing in IT systems to improve core retail processes like planning, ordering, sales, financing, and human resources. It also outlines the major IT systems and software required by retailers, including merchandise planning software, vendor management software, logistics/warehousing software, CRM software, and financial software. Retailers need to implement and integrate different software modules to effectively manage their business operations and gain insights from data analytics.
This white paper discusses the advantages of IP video surveillance systems compared to traditional analog systems for retail operations. IP surveillance provides higher resolution video, integrated intelligence at camera levels to detect events like theft, and centralized access and management of video feeds across a network. This improves loss prevention, enables additional business uses of stored video like consumer behavior analysis, and reduces total costs through leveraging existing IT infrastructure and use of open standards. Key benefits highlighted include improved loss prevention through automated detection, greater business value from new research applications, and lower ownership costs through centralized management and remote access.
Facit provides video analytics systems to help retailers optimize operations and sales through solutions like QueueManager, HeatMap, and PeopleCounter. These solutions monitor customer behavior and traffic patterns using existing security cameras to help retailers improve staffing, product placement, and the customer experience. Facit's systems are easy to install, integrate with various camera systems, and provide actionable intelligence and reporting to drive better business decisions.
Since the days of CCTV, the main application of video has been for surveillance used by security personnel, but video can also be used for other applications. Join us to learn how departments responsible for operation efficiency, compliance and safety can utilize a video system to see what is happening at their sites and do their jobs better.
Just like the wide range of businesses they're used in, POS systems come in variety of types and capabilities. The needs of a retail store vs. a restaurant are different enough that there isn't a single solution to fit every application. POS systems are a combination of software and hardware that has come a long way from basic cash registers. Finding the right combination of components is key to properly managing your business, maintaining customer satisfaction, and being successful. The most valuable POS system is one that will allow you to run your business the way you need to.
White Paper - How Video Delivers ROI for Today’s Financial Services Industry ...Panopto
The document discusses how video can deliver return on investment (ROI) for financial services institutions. It describes how organizations can use video platforms to maintain a centralized, secure library of video assets. It also explains how video can help with onboarding new employees, developing future business leaders through training videos, and preserving employee expertise by capturing their knowledge in videos.
The document discusses the importance of point of sale (POS) systems for businesses and describes the development of a POS system for a tea shop called Chado. Key points:
1) Every retail store needs a cash management system like a cash register or POS system to process sales transactions. POS systems can save stores money, quickly process customers, and keep accurate records.
2) The developers will create a POS system for Chado tea shop using the system development life cycle (SDLC), which includes planning, analysis, design, implementation, and maintenance phases.
3) The developers interviewed the owner of Chado to gather requirements and will review collected data to design a system that eases the store's cash management
This white paper discusses the importance of asset intelligence for organizations. It defines asset intelligence as having a complete and accurate understanding of all corporate assets. This level of asset data visibility allows organizations to better optimize resources, improve decision making, and gain competitive advantages. The paper also introduces assetDNA, a solution from Relegen Pty Ltd that uses new technologies like sensors, mobile apps, and unique asset identification to provide real-time asset data insights across organizations.
Out of the shadows with fiscal compliance technology White Paper Retail Innov...Marie Ivarsson
This document discusses the problem of tax evasion through the use of digital technologies like sales suppression software in point-of-sale systems. It notes that the shadow economy costs countries vast amounts in lost tax revenue. Specifically, it focuses on underreporting of sales in the retail and hospitality sectors through techniques like "zappers" which are add-on software, and "phantomware" which is pre-installed hidden software. Both types of sales suppression software can delete or alter sales records to help business owners evade taxes by reducing reported income. The document advocates for the use of fiscal compliance technologies and legislative frameworks to help prevent such tax fraud and generate additional tax revenue.
Proposal for hotel management system and web developmentMohammad Sayem
This document proposes various software solutions from SRRK IT Limited, an international software development company, to J&Z Group. It describes hotel management, point of sale, web development, and e-commerce software that can help reduce costs, streamline operations, and increase efficiency. Examples of features and benefits of the different systems are provided.
Retailing Management unit - 5 - IMBA Osmania universityBalasri Kamarapu
Retail Management Information System and Retail Research:
Retail Technology and Automations;
Retail Technology and CRM;
Human resources and Executive information systems;
Developing a research Methodology;
Retail audit
KeyVision PRO is a legal business platform that provides integrated online solutions to help legal professionals and law firms be more efficient and profitable. It offers tools for timesheet and billing management, case management, client management, task management, and financial and business development to streamline daily legal work. KeyVision also provides tailored performance reports and marketing features to help law firms understand their business and grow their practice. All data is securely hosted and encrypted to the same standards as online banks.
Vertexplus' video analytics solution provides the user a highly reliable, truly versatile, scalable video analytics and management suite, adaptable to diverse scenarios & operational challenges.
The document discusses how risk management information systems (RMIS) can help captive insurance companies overcome data challenges. It explains that captives face increasing regulatory requirements, financial reporting needs, and strategic goals that require efficient handling of large and diverse data. An RMIS can automate operations like underwriting, claims management, finance, and reporting. Selecting an RMIS requires considering the captive's unique needs, operations, and information flows. The system should integrate internal and external systems and be flexible enough to change with business needs.
PYP is a mobile payment platform that allows customers to make insurance premium payments digitally and receive receipts. It retrieves customer policy data, updates supporting software, and detects lapsed policies in real-time. Open Breeze is a web-based account management system for micro-enterprises that tracks insurance products and payments. It aims to provide the tools to enable financial institutions to facilitate "micro banks" in underserved markets by offering banking products through existing networks like funeral parlors. The software solutions aim to improve data quality, transparency, and efficiency in the insurance industry.
POS (Point of Sale) software development refers to the process of creating software applications that facilitate sales transactions and streamline business operations at the point of sale. A point of sale is the location where a customer completes a purchase, such as a retail store, restaurant, or online store.
Similar to Definitive Guide for LP Professionals (20)
1. R E T A I L A N A LY T I C S
F O R L O S S P R E V E N T I O N P R O F E S S I O N A L S
T H E D E F I N I T I V E G U I D E
2 0 1 5
2. Retail Analytics
– for the –
Loss Prevention Professional
How would decreasing the time it takes to detect, investigate and resolve Loss
Prevention cases help you and your organization meet goals?
With divergent threats from cyber-security data breaches to organized retail crime,
retail Loss Prevention professionals are tasked with more responsibility than ever
before - according to the Global Retail Theft Barometer, shrinkage costs U.S. retailers
about $42 billion a year.
At the same time, LP professionals find themselves in a rapidly changing competitive
retail environment with increasingly tight budget constraints – more responsibility, more
value added, but less headcount and less financial resources.
More responsibility, less resources – the task for retail LP professionals is to do more
with less.
One enabling tool in the LP professional’s toolkit to do just that is a comprehensive
retail analytics platform.
3. CONTENTS
1. Introduction
2. Video Management
3. Asset Protection
4. POS Exception Reporting
5. In-Store Dwells and Security Events
6. Investigations Made Quick & Easy
7. Your Data, in Formats that Work for You
8. Data Security
9. Maximize ROI – for LP and for the Organization
..................................................................................................... 3
............................................................................... 4
........................................................................................ 5
................................................................. 5
...................................... 6
........................................... 7
............................. 8
................................................................................................. 8
........ 9
4. Introduction
LP professionals traditionally have a straightforward list of primary objectives:
1. Ensure the safety of shoppers and employees
2. Detect fraud and fraudulent events
3. Minimize theft and other shrinkage
Through its early adoption and use of the pan-tilt-zoom camera (PTZ camera), the LP function in many ways
pioneered the development of comprehensive retail analytics platforms.
The data early analog cameras collected and provided was powerful, if not exactly easy to access, collate,
organize and report. Over time though, with the advent of digital cameras and relatively inexpensive com-
puter processing power and data storage, video footage – and with it a wealth of valuable store operations
data – compelled the founders of RetailNext to consider the art of the possible for better understanding
what was happening in the brick-and-mortar store environment.
Better understanding means better insights, and with better insights comes better decision-making.
With that, in-store retail analytics – Google Analytics for retail stores – was born.
And its roots lie in Loss Prevention and the profession’s early adoption of video tools.
3RetailNext
Definitive Guide for Loss Prevention Professionals
5. Video Management
Video cameras afford an “eye in the sky” for
safety and security, compliance, loss preven-
tion and countless other value-added capa-
bilities for retailers. Critical for LP profession-
als though is easy and secure access.
LP needs the ability to access video – live
and recorded - from all stores in the chain,
whether sitting at corporate headquarters, in
a regional office or local store, or on a mobile
device, on the go. As such, video has to be
viewable from any browser or mobile device,
including iOS and Android platforms.
In the investigation of security events, LP professionals need to access stored video files, and it’s essential
to have video output capabilities for permanent archiving of events under investigation and prosecution.
At the same time, due to privacy and other concerns, video data needs secured permission-based access,
with administrators providing specific access rights to individuals by role, by location.
But, not so fast - important considerations include shoppers and store operations. No store is in business to
support LP; rather it’s the other way around. Without an H264 optimized video management system, band-
width issues at the store can hinder other store operations functions and the overall shopper experience.
4RetailNext
Definitive Guide for Loss Prevention Professionals
What would it mean to you and your LP team if it no longer had to
cycle through hours of video to find an incident but could instead
immediately review already pre-defined events?
6. Asset Protection
In the retail store environment, asset protection is prioritized at point-of-sale (POS) and throughout the store
environment.
POS Exception Reporting
On of the biggest risk exposures for retailers is at Point-of-Sale, and one of the most powerful weapons in
the LP arsenal is POS exception search and reporting capabilities.
LP modules allow for the reporting – by store and by cashier - of exception trends including:
• Cash refunds
• Gift card refunds
• Credit card refunds
• Cash post voids
Faced with manpower shortages and other limited resources, added benefits to LP professionals are
immediate access to all stores’ transactions and the one-click exporting capability of exception transac-
tions, complete with receipt and video.
5RetailNext
Definitive Guide for Loss Prevention Professionals
How would being able to filter your POS transactions by payment
type, cashier ID, void and payment amount help your LP team with
resolving its security/theft/shrink issues?
7. In-Store Dwells and Security Events
Asset protection concerns extend well beyond the
POS terminals. Video analytics and other technolo-
gies are used to create “dwell zones” around
high-priced and other high-risk merchandise, or at
less-trafficked locations in the store, offering real-time
alerts to sales associates to assist customers who
have stayed in the dwell zone beyond a pre-deter-
mined threshold of time.
Additionally, other security events, like the opening of
the back door, key pad usage, panic buttons and
more can be monitored and reported, allowing management and LP professionals to quickly access
time-stamped video and other data for investigative purposes.
And, while LP practices are frequently thought of catching things when they go wrong, the same discipline
is used to catch when things are going right, or to identify continued training opportunities. A frequently
cited example from retailers is the ability to quickly and easily determine if sales associates at POS are
checking a shopper’s identification for flagged credit card purchases – if so, recognize and reward, if not,
retrain.
6RetailNext
Definitive Guide for Loss Prevention Professionals
8. What would it mean to your LP team if 16 different real-time videos
were viewable simultaneously on one screen, with zoom capabilities
for each of the 16 views?
Investigations Made Quick & Easy
What used to take minutes now takes seconds, and that’s
music to the ears of LP professionals faced with cuts in head-
counts and other resources.
Through the LP module of a retail analytics platform,
investigations are as easy a 1-2-3:
1. Search transactions across all stores
2. Identify suspicious transactions via receipts and video
from across all stores
3. Export complete transactions, including receipt and
video
The RetailNext platform allows the custom configuration of
video layouts in a video dashboard, integrating up to 16
camera views, from one or more locations.
Dashboard layouts can be saved and loaded, and a one-click
export can synch multiple camera views into a single stitched
video for easy review and sharing of an incident from all
available angles.
7RetailNext
Definitive Guide for Loss Prevention Professionals
9. Your Data, in Formats that Work for You
Managing, analyzing and reporting LP data can be time consuming, particularly if platform-dependent.
Leading edge LP modules like that found in the RetailNext platform have reporting suites that develop
standard reports, but with an ability to edit and modify. The RetailNext platform also integrates mobile
applications for iOS and Android, and allows easy data exports through CSV files or a powerful set of
enterprise REST APIs.
Data Security
No guide to Loss Prevention would be complete
without including the priority of data security.
Data security is a multi-faceted issue, and it’s most
prevalently mentioned related to shopper data at
POS. As such, most retail organizations integrate
data security through the broader reach of Informa-
tion Technology and its network security groups.
Important to the LP professional is a system that
adheres to corporate security polices, practices and
protocols, and integrates seamlessly into all corporate systems and architectures.
Today’s LP solutions are secured for the 21st century cyber-threats and deploy standard practice encryp-
tion.
8RetailNext
Definitive Guide for Loss Prevention Professionals
10. Maximize ROI - for LP and the Organization
In an environment of competing priorities and limited investment resources, it’s the ROI that matters, and
that’s good news for LP professionals.
Whereas once a relatively “siloed” function, LP is now an integrated function across the retail organization,
and an integral component in creating an organization that mirrors today’s omnichannel shopper.
A great benefit to the LP professional and her/his
budget is a state-of-the-art LP module integrated into
a more holistic, centralized retail analytics platform
that provides analytics and solutions for the entire
retail organization. In addition, comprehensive
platforms allow for easy third-party integrations,
enabling the adoption of future hardware technolo-
gies as they come online.
9RetailNext
Definitive Guide for Loss Prevention Professionals
11. One Platform Across the Entire Organization
Whether in Loss Prevention, Marketing, Merchandising, Store Design or other functions, a centralized
platform delivers multiple returns on one capital expenditure, including the following capabilities:
RetailNext’s platform and LP module is capable of leveraging existing LP cameras and all other hardware
sensors, and delivers the maximum ROI:
1. Minimize video reviewing time
2. Detect fraud with pre-defined high-risk transactions
3. Resolve cases faster with one-click access to transactions, receipts and corresponding video
4. Cut theft by 75% or more and reduce shrink 0.2 to 0.3 points
5. Save 40-70% in capital expenditures (CapEx)
10RetailNext
Definitive Guide for Loss Prevention Professionals
“Purchased separately, traffic management and loss prevention
systems would have cost up to 40% more.”
– Stacey Shulman, former CIO at American Apparel
• Loss Prevention
• Video management
• POS exception reporting
• Operations
• People counting and conversion
• Staffing optimization
• Staff exclusion
• Real-time alerts
At RetailNext, we’re passionate about retailing and how to empower retailers to become better retailers, growing comp
store sales and improving bottom-line profits.
Do you have a point of view to share, or questions about retail analytics and how it’s used to better Loss Prevention
practices and other retailing functions?
Please join the #retail conversation on Twitter @RetailNext and at www.facebook.com/retailnext, and visit the
RetailNext site at retailnext.net.
• Queue analytics
• Marketing & Merchandising
• Shopper activity maps
• Mobile in-store analytics
• Display and product placement analytics
• Window effectiveness
• Personalization enablement