RAID: Business Assurance Software
RAID:RETAIL is a complete Profit Protection solution tailored to cater and support retailers

RAID:RETAIL is a complete Profit Protection solution tailored to cater and support retailers of all sizes, covering different areas. The solution imports and integrates information from different platforms into its central database, applies business validation and comparison rules to detect errors and inconsistencies and produces and manages alarms, dashboards and reports.

RAID:RETAIL - Protecting your Profits
RAID:RETAIL allows the transformation of business operations and suppliers data into valuable reporting information. Retailers can also use the solution to respond to changes in their business and regulatory environment as well as take advantage of new opportunities by caring out an end-to-end analysis of key business drivers. In terms of architecture RAID RETAIL, is a centralized operational control platform that is independent of the IS architecture in place.

RAID 6.3 Business Assurance Solution Modules for the Retail industry

RAID:RETAIL operates as a proactive and continuous control and monitoring tool over information as transaction data, conditions, changes, processing integrity or error management.

Improving on-shelf availability
The identification of potential out-of-stock and low stock situations in near-real time requires the integration of data from disparate systems - RAID:RETAIL guarantees this. By allowing the reconciliation of stock movements, forecasts and sales against historical trends and operational benchmarks, it can identify potential out-of-stock and low stock situations in near-real time. Utilising case management workflow, issues can be assigned to those individuals responsible for rectifying the problem and alerts sent directly to them, for example via email or text message. Problems can be tracked and senior management can monitor progress via automatic escalation. Store staff as well as head office analysts can query status via role specific portals, all controlled by corporate security policies. RAID:RETAIL simplifies the management of on-shelf availability caused by the complexity of disparate IT systems

Profit Protection - defending your margin
Not only can RAID:RETAIL assist stock control, it can also identify potential shrinkage issues such as fraud, as well as monitoring promotional performance, ensuring, for example, that associated financial credits are correctly identified and claimed. The ability of RAID:RETAIL to target most business processes allows retailers to take control of many of the components eroding margin, improve efficiency of operation and directly contribute to their bottom line. Better control within the order-to-cash cycle creates the ability to maximise existing revenues and free up time and resource to create new ones. Profit Protection requires a strategic view of the goals and objectives of the business and detailed knowledge of the inter-related operational processes. Implementation, often achieved in phases, creates early benefits reducing the time to achieve Return on Investment (ROI) and funding further rollout.

The benefits provided by RAID:RETAIL

Near Real Time Operation View
• Near real time data gathering, analysis and KPI monitoring
• Dashboard view of current operations and trends (productivity, resource usage)

Automated Control
• Continuous running of validation, reconciliation and trending processes
• Automatic alarm triggering for faults and errors, case management and corrective action

Completeness and Accuracy
• Verification of the integrity and accuracy of all data (not a sample of transactions)

Integrated End-to-End Solution
• Avoid fragmented solutions between partners and service providers
• Single integrated assurance framework

Business Process Mapping
• Ability to map business processes and existing business rules
• KPI definition calculation

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