Typically retailers are looking at malicious internal and external loss, which is usually about finding and building up a case against specific people and fraudulent activity. Profitect looks at the big picture to help retailers identify both the malicious and non-malicious, and anything to do with items not being sold at planned margins. Automatic actions guide retailers step by step to quickly increase profits at all levels of the organization. This resulting efficiency of managed tasks and reduced associated labor costs will enable stores to improve customer service, combat showrooming, increase same store sales, and improve other critical Key Performance Indicators (KPI’s). As a result, retailers can move quickly to prevent profit leakage at all levels of the organization, ultimately improving business processes and the top and bottom line.
Looking at the big picture allows patterns to be identified throughout the retail enterprise, from matching patterns to known problem areas, to recognizing and identifying new patterns. Profitect enables retailers to continuously improve operations throughout, identifying the patterns and taking specific action.