Appriss Retail, a leading provider of data and analytics solutions designed to reduce retail losses, decrease returns, and provide a more seamless consumer experience, announced it was selected as “Fraud Prevention Solution Provider of the Year” in the annual RetailTech Breakthrough Awards. The program is conducted by RetailTech Breakthrough, a leading independent market intelligence organization that evaluates and recognizes standout retail technology companies, products, and services around the globe.
Appriss Retail is an industry-leading intelligence and analytics platform driven by AI. The technology provider offers two primary solutions: Secure and Engage.
Secure provides retailers with actionable insights which helps retailers to proactively address fraud and shrink. It offers a comprehensive view of in-store and online operations, enabling retailers to take an omnichannel approach to preventing loss. The module helps retailers identify inbound and outbound sources of shrink and loss including warehouse shipments, customer returns, waste, and theft.
The recently released Secure Workbench feature offers an intuitive dashboard that helps a variety of business users across departments pinpoint situations, people, places, products, and processes that need attention. By utilizing more than just the reporting functions, businesses can proactively identify and prevent fraud.
Engage is a behavior-based recommendations solution that analyzes consumer patterns to provide a consistent, personalized experience during the returns and claims and appeasement processes while safeguarding profits. Engage identifies fraudulent activity by evaluating linked transactions and providing approval, warning, or denial recommendations. Engage can review point-of-sale, web commerce, and customer support center adjustments to determine if a behavior is normal for the retailer’s business or not.
“Our technology is designed to help retailers maximize their profits while managing their risk through real-time decision making and active risk assessments. We work closely with our customers to navigate the landscape of fraud and risk, and develop capabilities to unlock greater agility and profitability,” said Michael Osborne, CEO, Appriss Retail. “This award from RetailTech Breakthrough is a testament to our customer satisfaction and value. We’ll continue our ongoing, innovative approach to solving market challenges, reflected in solutions that address fraud and risk head on.”
The mission of the annual RetailTech Breakthrough Awards program is to conduct the industry’s most comprehensive analysis and evaluation of the top companies, services, and solutions in the retail technology industry today. This year’s program attracted thousands of nominations from over 12 different countries throughout the world.
“Appriss Retail solutions make it easy to stay abreast of market conditions and predict and mitigate in-store and online retail challenges like fraud. The retail industry changes rapidly, along with shopper behavior and market trends, making it difficult for retailers to anticipate challenges without solutions designed for their needs,” said Bryan Vaughn, managing director, RetailTech Breakthrough. “Appriss Retail’s Secure and Engage solutions not only address critical issues like shrink reduction, fraud, and abuse but also empower retailers to make data-driven decisions to maximize profitability. We’re thrilled to award them ‘Fraud Prevention Solution Provider of the Year!’”
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