Employee theft can kill a retail business if left undetected for too long. In addition to excellent theft reduction and theft management facilities in our Point of Sale software, Tower Systems also offers a theft analysis service to its retailer customers.
Theft Check, as the free service is called, involved thorough analysis of critical business data, looking for patterns of behaviour, as indicated in the data, which could be evidence of employee theft. Access to theft check is provide as part of the Tower Advantage TM customer support and service program.
All we need is access to a current data backup and we do the rest. We look at the data from the perspective of successfully uncovering theft in more than one hundred retail businesses. From a few hundred dollars to well over one hundred thousand dollars. We are able to identify behaviour which is at best poor retail practice and at worst blatant theft from the business.
Our experience is that retailers are complacent about theft because of a belief in their people, denial that it could happen to them and fear that it is happening to them. We have been guilty of this ourselves in our own retail businesses.
Our years of experience in working with retailers on employee theft, across a variety of retail channels, has allowed us to develop skills which are now helping others cut the cost of employee theft.
FOOTNOTE: This is not the first time we have written about this service and it will not be the last. Each time we do write about it more retailers contact us. Our singular goal is to cut the cost of theft in retail businesses using our Point of Sale software.