K3, a UK’s provider of Microsoft Dynamics has developed a solution for retailers to monitor internal shrinkage using CCTV technology linked to the point of sale.
Internal shrinkage is a major problem for the retail sector, the firm reports. Using CCTV technology to monitor cashier activity can significantly reduce these losses, it is claimed. K3’s Point of Sale monitoring system analyses cashier activity to identify patterns of behaviour that could indicate potential staff fraud. When linked to the CCTV, video footage of each transaction, together with details of the transaction, provides irrefutable proof of what has been sold, by who, to whom at what price and when. Reports are then generated, providing retailers with powerful tools to eliminate fraud, collusion, sweethearting, refund abuse and cash theft.
About K3
K3 delivers business software for the retail sector, built around Microsoft technology. Clients of K3 include: Adidas, Alliance Pharmacy, American Golf, Booths Supermarkets, Carpetright, Choices UK Plc, Dobbies Garden Centres, Dreams, Gamestation, Gamestop, Lakeland, Leekes, National Gallery Company, Pearsons, Rugby Football Union, Shoon, Space NK.
