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News

POS analysis from Sysrepublic to help Marks and Spencers fight fraud

Sysrepublic : 02 September, 2009  (Application Story)
Large UK high street retailer selects Secure from Sysrepublic to reduce shrinkage throughout its outlets from Point-of-Sale fraud
Marks & Spencer (M&S) has signed a deal for Secure from Sysrepublic, providers of software products and consultancy services for the retail and hospitality sectors, to help tackle fraud, theft and shrink across its store portfolio.

The trial will be rolled out to the entire store portfolio later in the year.

Darrell Stein, Director of IT and Logistics at Marks and Spencer said, "We selected the Sysrepublic Secure system to automatically analyse POS data to detect fraud patterns. The Sysrepublic team were very flexible in assisting us with proving the business case for the project, running a two week trial to achieve this in 120 stores."

David West, Managing Director, Sysrepublic said, "M&S selected Sysrepublic to implement our Secure system as we offered the best product and capability. Secure has provided M&S with a solution that can identify the immediate source of loss, built up over time, and build the information they need to initiate investigations. At a time when retailers are looking to reduce costs, Secure provides an ideal opportunity to return profit to the bottom line."

In 2007-2008 crime cost the UK retail industry in excess of £1 billion.
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