Two trusted partners merged into one
Two separate companies were founded near the turn of the century—The Retail Equation in 1999 in the United States and Sysrepublic in 2002 in the United Kingdom. Each emerged as an analytics leader that filled different but complementary needs within the global retail market.
In 2015, Appriss, Inc., acquired The Retail Equation to provide the foundation of a new business unit serving the retail industry. In 2016 Appriss acquired Sysrepublic and merged them with The Retail Equation. The consolidated company is now branded as The Retail Equation/Sysrepublic.
The company’s Software-as-a-Service solutions are used on four continents and support tens of thousands of stores in 15 retail verticals. Its retail clients typically post annual revenues ranging from 400 million to tens of billions in US dollars, and they use the company’s disruptive technologies to achieve significant advances in profitability.
TRE/Sysrepublic optimizes retailers’ revenue and margin by shaping behavior in every consumer transaction. The company’s solutions use predictive analytics to turn each individual shopper’s purchase or return into a more profitable experience.
This yields immediate financial payback, increasing store comps by as much as 2 percent, with significant return on investment. The company’s solutions create sizable new sales at the return counter, while also building customer loyalty, and prevent fraudulent and abusive returns, reducing return rates, and improving shrink.
TRE/Sysrepublic draws from the expertise of PhD statisticians and a wealth of retail transactional history to develop its optimization solutions.
A pioneer in the use of statistical models to reduce return fraud and shrink, the company uses sophisticated predictive analytics to identify incentives most likely to keep consumers shopping after making a purchase or legitimate return.
Viewing information in real-time, and predicting behavior at an individual level, permits all retail transactions to be optimized to meet revenue, margin, or product sell-though objectives.
Retailers worldwide use TRE/Sysrepublic solutions to significantly mitigate losses related to fraud, theft, and operational/systemic breakdowns.
The solutions provide immediate insight into the retail organization’s most critical data, allowing them to make informed decisions to reduce shrink, improve profitability and achieve rapid returns on investment.
TRE/Sysrepublic solutions provide a comprehensive analytical view of user actions and process inefficiencies across a variety of retail risk areas including: point-of-sale, returns, supply, inventory, finance, pharmacy, and human resources.
Accurate analysis depends on high quality data. To overcome the limitations most retailers experience in gathering and systemically sharing data, the company developed a proprietary data integration platform that can pull data from any source within the retail organization and make it available for analysis.
TRE/Sysrepublic solutions can augment these in-house resources with external sources such as purchased third party data, geographic information, social media feeds, and the Appriss database of public safety information.