InfoTouch Corporation Selects Encapsulon's Loss Prevention Technology To Help Retailers Identify Loss, Increase Profitability
Encapsulon, a software and solution provider that helps retail organizations streamline operations, reduce loss, and increase profitability, today announced its loss prevention (LP) software platform has been selected by InfoTouch Corporation, the leader in touch-screen retail point of sale (POS) software, for integration into a new solution that combines LP, video surveillance and POS technologies.
The new solution includes Encapsulon's LP software and video equipment offering, StoreSight, and InfoTouch Corporation's touch screen POS technology, Store Manager, giving independent retailers a robust POS system with the added power and security of a proven LP platform. Encapsulon's StoreSight is the exclusive LP solution offered with InfoTouch Store Manager versions 9.21 and greater. InfoTouch Corporation's reseller channel will sell the new solution to retailers.
"The impact of LP technology can be tremendous, as Encapsulon saw with home décor retailer Garden Ridge®, which realized a savings of $8.5 million within 60 days of implementing our solution," said Encapsulon Director of Loss Prevention and Operations Strategy, Joe Davis, CPP. "Since many small- and medium-sized retailers don't have budgets for security systems, providing LP tools as an integral part to a POS system allows smaller stores to safeguard their businesses with the same protection as larger stores. As retailers on all levels are implementing upgrades and new POS systems, now is the time to consider the integration of LP technology."
According to the 2005 Retail Technology Study by RIS and Gartner, POS upgrades are expected across all revenue segments in retailing and are likely to remain high for at least the next two years. Additionally, shrink represents an enormous, very costly problem for retailers of all sizes. The frequently-quoted $46 billion per year in retail shrink across the United States from Ernst & Young's 2003 Study of Retail Loss Prevention clearly demonstrates the staggering financial impact of unaccounted loss on the retail industry.
"Loss prevention technology has been identified as the transformational solution retailers need to strengthen the effectiveness and usefulness of POS data," said InfoTouch Chairman and CEO Keith Neerman. "Unlike traditional exception reporting, data mining or other LP tools, Encapsulon's technology consolidates information from multiple systems, such as the POS and integrated video, to compile a complete profile of a loss-causing event. Encapsulon's technology is the ideal LP component of this new solution that will help our customers cost-effectively identify loss due to errors or employee theft, and stop it."
For information on opportunities for POS providers to increase the strategic value of their data through LP integration, download Encapsulon's white paper on the topic at www.encapsulon.com/pos.
About Encapsulon
Encapsulon is a software and solution provider that helps organizations gain a competitive advantage by streamlining operations, reducing loss, and increasing profitability. Its flagship product, the Retail Software Suite, is an award-winning patented Web-based platform that allows retailers to manage critical events and increase visibility, control and effectiveness of loss prevention and operations programs. The company also offers StoreSight, a turnkey loss prevention and operations solution designed specifically for small, independent retailers with one to twenty stores. For more information call 877-206-1292, e-mail info@encapsulon.com or visit the company's Web site at www.encapsulon.com.