Employee theft can cost a retail business tens of thousands of dollars a year yet it is a business challenge which is all too often ignored.
Retailers tend to prefer to think that it does not happen to them.
Employee theft is real.
Tower Systems has experienced it itself in its own retail stores. These experiences and experiences helping our retail customers have enabled us to develop better software and infrastructure for supporting our customers in tracking and eliminating the cost of employee theft.
Retailers using our Point of Sale software have at their disposal tools which absolutely reduce the opportunity for employee theft.
From the sales counter to the back office, our Point of Sale software provides for secure, tracked and consistent processes for protecting the assets, including, cash, of the business.
The key for retailers and retail managers is to engage with the theft reduction tools available in the software.
We encourage our customers to take a zero tolerance approach. Employees stealing from you need to manipulate data in some way. For example, if their sales per hour worked are far lower than others then they could simple not be using the computer system. However, you would have detected off behaviour from your inventory system when reordering stock.
Good management processes followed with commitment and care will uncover theft quickly. Businesses without these are at greater risk. Is your retail business at risk?
Use our Point of Sale software, embrace and engage with every opportunity it presents for tracking and reducing employee theft in your retail business.
Through our Tower Advantage TM program we offer a range of services to our customers for identifying and cutting the cost of theft in a retail business. This includes our free Theft Check service to determine if our software has evidence of your business experiencing theft.