Retail Shrink Reduction Benefits
Agilence enables retailers to reduce shrink caused by cashier fraud, operational inefficiencies, and policy violations that negatively impact the profitability of the organization.
Agilence delivers a $6:1 ROI in under 12 months through the following areas:
- Labor Efficiency
- Maximize the use of existing loss prevention staff through the use of Agilence Analysts
- Minimize cashier/associate turnover by enabling retailers to react to policy violations instead of large fraud cases
- Reduce training costs by utilizing Agilence for Best Practices
- Dramatically reduce case identification and investigation time
- Centralize operations to maximize efficiencies of case identification and investigation
- Shrink Reduction
- Detect fraud early and ensure higher prevention and deterrence
- Identify Sweethearting
- Stop discounting
- Eliminate refund fraud
- Minimize coupon and promotion fraud
- Process Improvement
- Evaluate and minimize open rings
- Identify point-of-sale processing errors
- Ensure electronic article surveillance (EAS) program compliance
- Improve cash handling processes
- Compliance
- Ensure compliance of employees with alcohol, tobacco, and firearms laws
- Identify and investigate WIC violations
- Aid in Patriot Act (Western Union, Money Order) compliance
Contact Agilence today to learn more or call 856-366-1200