Profitect is the only tool that allows us to get real-time data analytics
Profitect Provides Prescriptive Analytics
Profitect is the leading provider of prescriptive analytics. We offer a suite of solutions to help retailers easily understand and act on their data. These actions replace traditional reporting to ensure improved sales and profitability. Instead of sending someone a report to analyze, just tell them the opportunity and prescribe the actions they should take. It’s that simple.
Welcome to the future of retail.
From day one [Profitect’s] goal was for us to be successful in the tool.
We pulled back the data, compared shipments to sales, did all the things all of you guys do, and at the end of the day this pattern netted the fact that there was $25,000 of shrink that happened in a 5 or 6 day period on a new product line. There was a cluster of stores saying the packaging wasn’t holding up. Our merchant picked up the phone and told the vendor that they owed us $25,00 because the packaging didn’t meet our specifications. That is all because in about 5 seconds a pattern happened and we had $25,000 in our pocket.
Using Profitect we have been able to identify some associate integrity issues, but more importantly, we found some operations gaps in our processes. The Profitect system has allowed us to push those to the proper operators, and we’ve been able to track them to make sure they were properly resolved.
We’re not here to sell [Profitect], but they know our business as well as we know our business.
Our top stores got $2,500 worth of shipments, and no sales, so the sales variance was $2,500. When we pulled 6 UPC’s and compared them against sales we found that this vendor is into us for $120,000, and that pattern happened like that [snap fingers].
[The Profitect system] had been on for 2 weeks now, and we found 111 instances of completely out of stock in stores. After reallocate those stores…we saw a sales bump of over $46,000 for just the products we were able to get reallocated.
We implemented Profitect at all 450 locations for about 18 months worth of data, and we were live in system within 3 days.
The beauty of Profitect is that you can set it up to what works for your culture.
The Profitect Advantage
Automated analytics are tied directly to corrective actions. Look up from the reports and ensure everyone sees data the same way.
Discover, store, and share new patterns with your colleagues and staff. Let them see the insights you’ve found.
Empower Everyone with Accountability
Improve accountability, Profitect sends timely prescribed actions to the right person and tracks opportunities from creation to resolution
One Source of Truth
No two people interpret a report in the same way. Ensure that everyone gets the same insights from the same information.
No More Exceptions
Be more efficient with prescriptive analytics. Stop wasting time tracking false positives and inaccurate information.
Integrated Task Management
No more waiting to see a problem has been addressed. Monitor and ensure actions are taken and tasks completed in a timely manner.
The World’s Top Brands Are Using Profitect
See What Profitect Can Do For You
Start a free Trial, let us help you set up a demo environment, or build an app for your business in a matter of days.
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