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News

Loss prevention software launch in the UK

Intrepid Security : 23 February, 2009  (New Product)
Intrepid Security runs series of seminars aimed at introducing its Profitect software for loss prevention onto the UK market
The Profitect loss prevention software suite was officially launched into the UK by way of a series of seminars and individual meetings on the 3rd and 4th February, 2009.

Delegates to the meetings and seminars at the Churchill Hotel, London and the Renaissance Hotel, Derby and in other places in London, included senior management from some of the UK's top retailers, focussed on loss prevention and margin enhancement. The delegates saw a presentation of the Profitect loss prevention solution which addresses separate elements of the retail value chain, from purchasing, through supply chain and store operation to the point of sale.

Noel Verbruggen, Managing Director of Intrepid Security who hosted the seminars said: "A software solution which has a proven track record of providing fraud protection and reducing shrinkage by typically 15%-20%,that requires minimal IT resources and will not disrupt day-to-day operations, obviously deserves close inspection."

Delegates were given a solution demonstration and compelling benefit analysis, including detailed analysis by David Even-Haim, CEO of Profitect, of how one of Europe's largest retailers had enjoyed a sustained 15% reduction in shrinkage as a result of implementing the Profitect point of sale, store inventory, delivery/ receiving, warehouse/logistics and purchasing software modules.

"Profitect adds a valuable new layer to our existing range of loss prevention solutions and will greatly contribute to a comprehensive approach to loss identification and prevention," added Noel Verbruggen. "It provides loss prevention and financial managers with extremely powerful management and field tools to protect and increase hard-earned profits. This of course is extremely relevant in light of the current economic challenges when quick ROI is so important."

UK retailers will be invited by Intrepid Security to attend further Profitect seminars during 2009.
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