RetailNext Introduces Next Generation Loss Prevention Solution for Brick-and-Mortar Stores

By CIOReview | Tuesday, August 11, 2015
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LONG BEACH, CA: RetailNext, provider of retail analytics for brick-and-mortar stores launches next generation Loss Prevention (LP) solution for retailers. This reduces loss of inventory and maximizes profitability for retail stores with advanced video surveillance and integrated monitoring and analytics.

The LP solution provides RetailNext analytics platform that enables retail business to detect fraud with risk assessment transaction system and find fast case solution with one click access to transaction, receipts and corresponding video.

"The RetailNext in-store analytics platform not only provides LP professionals with state-of-the-art video management, POS exception reporting , asset protection and other LP functions, but does so as part of a comprehensive platform that allows the entire retail enterprise to eliminate single-point solutions and expand ROI with one centralized investment," states Alexei Agratchev, RetailNext's Chief Executive Officer and Co-Founder. 

The new LP solution allocates retailers with advanced video management that can access live and recorded video from any location or devices and export archive video footage under investigation. It also recognizes the ongoing trend and access store transaction with corresponding video and POS receipt.

The solution is also integrated with the ability to create in-store dwell zone that alerts sales associate in real time to assist customers dwelling in threshold times guiding them through high priced and high-risked merchandise or at less traffic locations in store.

Additionally, retailers can monitor security events and gather reports at time-stamped video and other data like door openings, key pad usages and panic button. And also with full-featured web client, one does not require any installation on pc or mobile application.

"Shrinkage is a big concern for retailers, in the United States. RetailNext is committed to providing the tools that empower retailers to be more effective, and our LP solution has the ability to make an immediate cost-savings impact upon deployment," adds Agratchev.