The POS Connect™ system has been helping Food & Beverage and Retail operators increase their profitability for many years. The system interconnects with all major digital point of sale systems as well as all major digital surveillance systems and cameras. The software is used to quickly detect employee theft by combining the POS transactional information with surveillance video. POS Connect™ uses a state of the art Behavioral Intelligence technology to proactively identify which employees are operating outside the norms.
Any industry with significant cash transactions faces the potential problem of employee theft. According to the Association of Certified Fraud Examiners, instances of employee theft can add up to amounts exceeding $100,000. While it may be impossible to completely eliminate employee scams, most can be stopped quickly before too much money is lost. This is where eConnect™ comes in.
Below are the Average Losses by business type according to data collected from eConnect installations:
Retail (with inventory controls) -.05% – 1.0%
Retail (with no inventory controls)- 1.0% – 5.0%
Convenient Stores- .05% – 3.0%
Toll Booths- .025% – 1.0%
Parking Lots- 2.0% – 10.0%
Fast Food- 1.5% – 3.0%
Fast Casual- 1.5% – 4.0%
Buffets- 3.0% – 5.0%
Sit Down Restaurants- 2.0% – 4.0%
Bars & Nightclubs- 5.0% – 15.0%
Movie Theatre Concessions- 1.0% – 3.0%