Follow activities visually.Easily produce evidence.Help resolve wrong-doings before they escalate.The newest version of XProtect Transact offers improved search functions like a search list that makes browsing easier, and a new SQL database enables support for Microsoft Vista™. Determine if items get 'lost' in the storage/warehouse, are shoplifted or 'mistreated' at the checkout counter (either in the sales process or as return goods).
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Improved procedures in hiring, training and monitoring - specifically the use of Point-of-Sale exception reporting software coupled with video surveillance - has helped.Milestone Systems XProtect Transact 2.5 has the following capabilities:Track goods all the way through the store - from receiving to sales. The US study, for example, showed that $56.6 million was recovered from employee theft apprehensions. Across the Atlantic, the UK has reported that ‘the retail industry as a whole is estimated to be losing around £2 billion per annum through fraud and theft.' To help reduce this, the combination of digital video tapped into transactions is proving to be a solution that enables detection of suspicious incidents. Over half a million people were apprehended in these cases with a total of $116.00 million in stolen items. Furthermore, one out of every 27 employees was found to steal products with an average value of $851.00. The 19th Annual Retail Theft Survey recently quoted that in the US, the average shoplifting case involved $128.71 in lost goods.
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In the retail sector alone, both shoplifting and employee theft is a well-documented cause of major financial losses. Loss prevention visibly improved by combining IP video with transaction dataMilestone Systems, a world-leading developer of open platform IP video management software, has now released version 2.5 of XProtect Transact, an integrated solution for managing shrinkage through combined surveillance and transaction data.Retail, banking, transportation, hospitality and other industries are looking to optimize the handling of shrinkage due to fraud, errors and theft. Milestone XProtect Transact 2.5 is released