One growing trend in the retail industry is to make Loss Prevention teams responsible for more stores per person and to monitor those stores for more types of loss. The retail environment is changing, and you need better tools to fight ORC, stem the rising tide of return fraud, and quickly address the fraud techniques that have evolved in an omnichannel world.
Yesterday’s analytics solutions cannot keep pace with today’s demands. You need solutions that work hands-free or that streamline the investigation process.
The Retail Equation/Sysrepublic solutions address both employee and consumer fraud. These solutions focus your resources on stopping dishonest and abusive transactions while allowing greater flexibility in accepting returns from good customers.
The Retail Equation/Sysrepublic solutions help you identify and address sales reducing activities (SRAs) at the POS, the return counter, the receiving dock, and throughout the store.
Fraudulently returning shoplifted merchandise is one of several ways ORC groups take advantage of retailers. Verify recognizes this behavior (and others) and rejects the return.
Secure Store’s advanced analytics help you quickly discover suspicious employee activity whether they are acting independently, colluding with associates or consumers.
Verify automatically issues warnings or denies returns to consumers who exhibit extreme return behaviors. These retailers save millions per year.
With Verify to prevent fraudulent and abusive returns, you can offer the generous return policies that consumers desire while still reducing shrink and fraud.
With the world’s largest retail transaction database behind it, The Retail Equation/Sysrepublic data can be used for scoring vendors, SKUs, and employees; loss prevention; marketing; and more.
Verify identifies and predicts fraudulent and abusive consumer behavior. It is the most widely used return optimization tool in the industry, and has been proven effective in significantly reducing returns at major retailers. Every mall in America has at least one retailer using Verify.
Tesco implemented Secure and achieved a 15 percent overall fraud reduction and a 725 percent ROI the very first year. Secure produces actionable insights (not just data) and provides a feedback loop on system exception performance. It provides a clear view to both regional and company level results.