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WeDo Technologies RAID Retail
 

AUTOMATE LOSS PREVENTION PRACTICES TO PRESERVE PROFIT FOR RETAIL COMPANIES

RAID:Retail ensures the consistency of information from multi-vendor and multi-technology core systems and looks for information inconsistency and fraud occurrences that can result in unprofitable products and useless marketing campaigns. Complex tasks such as controlling perishables to reduce waste, assessing fraud in POS and warehouses, and even monitoring returns and claims at the stores require the automation of different variables to guarantee that profit is protected.

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Retail Profit Protection 1Retail Profit Protection 2Retail Profit Protection 3

GET END-TO-END VISIBILITY ACROSS THE MULTIPLE LEVELS OF THE RETAIL SUPPLY CHAIN

RAID:Retail offers built-in control rules leveraged by the comparison of data to deliver a full evaluation of all the parts of the Supply Chain. By identifying the needs and requirements, RAID:Retail delivers automated auditing capabilities to teams that want to clear insight into supply chain performance.

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Retail Supply Chain Control 1Retail Supply Chain Control 2Retail Supply Chain Control 3

CONTINUOUSLY AUDIT PRICING PLANS TO ENSURE SUFFICIENT REVENUE YIELD

Are retailers controlling their bill back management process? Without continuous audit of pricing policy, retailers are not able to produce enough return to justify selling certain products and do business with certain suppliers. RAID:Retail’s near-real-time audits determine if a product’s pricing strategy and plan is on track as well as controls the bill back transactions with the suppliers, highlighting the exact actors/teams to fix the detected issues through its built-in Case Management engine.

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Retail Revenue Protection 1Retail Revenue Protection 2

IMPROVE RETAILER INCOME BY ACHIEVING A GREATER COST REDUCTION

When it comes to cost control based on supplier contract compliance, the rule of thumb is "trust, but verify." Better yet, “trust, but automate the auditing process” as we say during the deployment of RAID:Retail. More than just recover money, RAID Cost Control can improve the communication and understanding of contractual terms and obligations between retailers and their business partners, leading to improved reporting processes and better partner relationships.

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Retail Cost Control 1Retail Cost Control 2

STEP UP THE PACE OF INNOVATION IN FRAUD PREVENTION AND DETECTION ACTIVITIES TO PROTECT MARGINS

Loyalty program transactions are as vulnerable to fraud as regular credit card transactions. RAID:Retail can reduce the time, costs, and complexity associated with fraud detection and investigation by visually find new trends, patterns, and threats that would take hours or days using conventional data mining. Moreover, RAID provides visual insight into employee loyalty card scanning and activation patterns as well as customer card usage patterns to make it easier to distinguish between internal and external fraud.

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Retail Fraud Prevention 1Retail Fraud Prevention 2

WeDo Technologies 7-Eleven 
 

 

KEEPING UP WITH THE PACE OF INNOVATION: KEY TAKEAWAYS FROM RETAIL FRAUD LONDON

By Maria José Gonçalves | Retail Market Manager at WeDo Technologies

The retail industry is moving rapidly and with an ever-increasing number of new electronic products and services being introduced to the market, it is has never been more important for retailers to develop a total retail loss strategy to face the challenge of controlling both internal and external frauds and thefts.

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Blog Retail
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LEARN MORE ABOUT AUDIT AND BUSINESS CONTROL FOR LARGE RETAILERS

Profit Protection

Profit Protection
 

Supply Chain Control

Supply Chain Control
 

Revenue Protection

Revenue Protection
 

Cost
Control

Cost Control

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