Loss Prevention GRC

Limit Shrinkage Through Technology

In tough economic times, the role of Loss Prevention becomes even more critical for retailers as you look for ways to increase profitability by quickly identifying, investigating, recovering, and preventing losses by employees, individuals, and organized retail crime (ORC). At the same time, many loss prevention professionals are finding it increasingly difficult to provide the insight management demands due to the sheer volume of data to be analyzed.

To do all that is expected while simultaneously experiencing reductions in staffing requires taking advantage of technological advances.

Leading retailers such as Blockbuster, Coldwater Creek, Staples and others collect, investigate, resolve and analyze reports of misconduct, including those related to loss prevention. Our solutions help you effectively manage your activities in the following areas:

Incident identification. The first step in gaining an upper hand on inventory shrinkage and theft is to be able to rapidly create case records and collect reports on all incidents related to this problem. By collecting this information in a consistent manner, you‘re able to quickly screen and assess each incident as to the magnitude of the risk it poses your organization.

Investigation Management. EthicsPoint Case Management solutions feature workflow capabilities that enforce consistent investigative procedures and documentation. Investigators can use this system to rapidly create electronic case records and improve the management of information regarding criminal activities, threats, acts of fraud, internal theft, shoplifting, accidents, human resources, and other organizational incidents. This solution integrates with other technology solutions such as civil demand, POS exception reporting and retail theft database integrations to increase the productivity of your team.

Insight and Tranparency. Ethicspoint’s solution enables flexible, real-time data analysis giving you insight into trends, hot-spots, systemic issues and ORC. By collecting and storing all data and documentation related to your investigations in one central repository you are able to cross-analyze data to key performance indicators such as shrink, inventory audit and investigative performance.

We encourage you to explore our site, read our case studies or contact us to learn how we can help you maximize the effectiveness of your loss prevention efforts.