Live Chat Software
eConnect™ | POS Connect™ – Loss Prevention
16465
page,page-id-16465,page-template-default,ajax_fade,page_not_loaded,,wpb-js-composer js-comp-ver-4.3.2,vc_responsive
 

POS Connect™ – Loss Prevention

 

Brochure

 

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.

 

INDUSTRY PROBLEM

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%

 

HOW THE PROBLEM IS SOLVED

  • POS Connect installs a single windows based server and integrates with the POS system server to listen to every transactional keystroke made on every POS terminal.
  • Each keystroke is formatted visually to easily understand what the cashier, bartender or retail clerk is doing.
  • eConnect™ deploys an IP based integration to all major surveillance systems or will provide the customer with the right surveillance equipment.
  • The POS Connect™ software will synchronize the POS data with the surveil lance cameras, giving the business operator a tool to proactively monitor for theft.
  • POS Connect’s™ Custom Query Builder and Behavioral Intelligence Modules will allow the operator to see historical events so nothing is missed. This is especially important on busy weekends and holidays where priorities may be focused on other areas.
  • POS Connect’s™ Case Manager allows operators to isolate suspected theft, fraud and collusion, and export the data and video which can be used in court, management meetings or for training purposes.

THE BENEFIT

  • Increases bottom line profits
  • Creates positive behavioral changes
  • Reduces labor and efforts in Loss Prevention