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Loss Prevention

Hand Me that Wrench: Top 5 Tools for Loss Prevention Managers

Posted by Andre Bachelet on Mar 20, 2015 7:00:00 AM

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There’s an old saying, “A workman is only as good as his tools.” In today’s increasingly challenging retail environment—one in which 4 out of 5 employees steal from their employers—loss prevention managers without a deep toolbox will find themselves woefully behind the curve. At Envysion, our offerings include the five most important tools every LP manager needs to ensure that profit trumps theft and fraud.

1. Remote video monitoring

If you can’t see it, chances are you’re not going to catch it. A recent report on retail crime speculated that only 1 in 46 perpetrators of employee theft are caught. By using modern video technology to remotely monitor stores—and let’s face it, theft rarely happens in plain view—LP managers can spot incidents of theft and fraud in real time and take immediate action.

Loss Prevention

2. Game films

Remote, real-time video surveillance is just the beginning. Envysion’s cloud-based streaming and recorded video solutions enable managers to create web-based, highly searchable game films. Managers can search, share and store game films to quickly and accurately pinpoint theft and fraud.

3. Point-of-sale (POS) integration

Perhaps the sharpest tool in the box, video technology integrated with POS systems takes video intelligence from illumination to insight. When synchronized with transactional data, managers can view video in sync with high-risk transactions to quickly spot suspicious behavior.

4. Exception reports

When Envysion intelligent video is integrated with POS system data, loss prevention managers are able to quickly generate customizable exception reports on high-risk activities such as low-dollar transactions, sweethearting, no-sales, voids and cash refunds—and then view and analyze the reports via easy-to-read dashboards.

5. Forensics

“He said, she said” is not an effective way to stop employee theft. With Envysion video intelligence, the proof is in the pudding. With game films synched to transaction reports, long, drawn-out conflict resolution is a thing of the past.

Bernie Quintero, director of operations for KFC store owners D-Carr Investments sees Envysion as a key tool in his kit. “We can see things we were never able to see before,” Quintero says. “The video takes the question out of any claim. Everyone thinks twice about lying. We always go to the video.”

Isn’t it time you brought your toolbox up to date?

Topics: Loss Prevention, Retail

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Envysion is a leading provider of cloud-based video driven business intelligence that helps companies deliver on their brand promise. At Envysion, we marry operational, financial and employee metrics together with video and sophisticated analytics and make it easy-to-use and accessible, offering visibility into every store…every location…every day…from anywhere.

Andre Bachelet

Andre Bachelet

National Account Executive, Envysion

Andre is responsible for helping Envysion’s Quick Service Restaurants and Wireless customers understand the best ways to use video-based business intelligence to combat losses.  In his time at Envysion, he has dedicated himself to consulting and designing systems for QSR and wireless dealers.  Andre’s professional background as a professional athlete, franchise owner and sales director lends a unique perspective on how to lead customers and employees to ensure that companies goals are met, within budget and on time.   Andre captained the USA National Rugby Team and earned his Bachelor of Science Degree from University of California, Berkeley.

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