WeDo Technologies announced the launch of RAID Retail, a solution that delivers continuous, automated operational risk control software. The software accelerates retailers’ ability to implement cost control and fraud detection by monitoring store and inventory operations, costs and supplier transactions along with customer experience.
RAID Retail was conceived for Enterprise Business Assurance automation, with continuous monitoring to detect exceptions before they cause significant impact to the P&L.
Some key features include:
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- Store Profit Protection allows managers to monitor their discount and loyalty programs, control effectiveness with returns and refunds activities and profile sales trends and cashier performance;
- Inventory Control helps anticipate and mitigate out-of-stocks as soon as orders are placed or short deliveries occur, while monitoring overstocks, particularly in seasonal and fresh products; and
- Store Labor Assurance assesses productivity and service in-store by accurately measuring schedules, sales performance, attendance and payroll.
The new solution “will help retailers address the urgent issues of margin control and fraud management,”commented Rui Paiva, CEO, WeDo Technologies. “Designed to enable dynamic big data analysis, auditing and control processes, RAID Retail is based on an explicit understanding of users, tasks and environments.”
