Torex helps protect your business
It’s clear the recession is driving a return to cash-based payments as an easier way for customers to control spending. But with more cash in the POS, the temptation – and opportunity – is even greater for dishonest staff to pocket small sums of money.
Illegal discretionary discounts or passing items over the scanner but not actually scanning them can compound the problem. Applied sporadically to disguise any pattern, these can easily go unnoticed by in-store management and colleagues.
Torex™ Business Analysis Loss Prevention can identify regular drops in sales when a particular member of staff operates a POS. The system scrutinises millions of transactions to automatically identify anomalies, producing reports which alert head office to inconsistencies when they develop. For this reason, they are also useful for identifying and correcting errors by inadequately trained associates, unknowingly misusing a POS.
Within just a few days of monitoring and reporting, suspicious trends can be spotted and the appropriate action carried out. The importance of a rapid response cannot be under estimated. If criminals go undetected, they will quickly grow in confidence and further dent a retailer’s profits. A swift response to any incident is also likely to deter
other employees from considering following suit and engaging in internal theft.
Download our white paper “Curbing Internal Theft”
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