StoreNext and Trax Partner to Offer Loss Prevention Application to Independent Grocers

Tuesday 4 May 2004 10:14 CET | News

StoreNext Retail Technologies and Trax Retail Solutions have teamed up to offer a new profit optimization and loss prevention application for independent grocers via the StoreNext Connected Services portfolio.

ShrinkTrax for POS is the grocery industrys leading loss prevention solution that helps prevent cashier theft and errors by identifying and modifying behaviors of fraudulent or inefficient cashiers. Available immediately, Connected ShrinkTrax is available for both store- and enterprise-level cashier performance monitoring. The store-level solution includes the industrys only plain-English Cashier Narrative reports, specialized weekly reports for shrink identification, productivity management and customer service analysis, coupon redemption and refund analysis, and detailed automatic analysis and targeting of more than 40 POS transaction categories. The enterprise solution includes all capabilities in the store solution plus multi-store enterprise-level reporting, and an advanced data mining tool called DM2. DM2s data mining solution applies expert data analytics and more than 1,600 expert rules to automatically pinpoint otherwise undetectable losses and sales data abnormalities. The Connected Services application suite, including Connected ShrinkTrax, is available by subscription from StoreNext dealers.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce