RetailKey solutions support whatever an analyst or investigator needs to do.

While most solutions stop at simple reporting, RetailKey analyses data in three distinct ways:

Dynamic Reporting – generating reports on your own key performance indicators and identifying exceptions. Plus creating new reports to support ad hoc queries. This allows you to track and measure shrinkage as it changes and adapts within your business. With RetailKey, it's easy to create scheduled analytics that automatically generate dynamic reports. These can then be automatically emailed or distributed through our web distribution function.

Reports are clear, often graphical presentations of key performance indicators as you define them. And as fraud changes, the reports can change, too. Reports can summarise whatever you’re looking for. For example: Credit card with no record of purchase, High volume of refunds to sales, Top refunding cashiers , Store discount levels, Out of hours Transactions, Keyed credit card, transactions, Refunds near threshold, No sales, Transaction voids, Cash/credit refund ratios, Staff discount activity

IntelliQ Open Mind Analysis™ – designed for when you don’t know what you’re looking for. IntelliQ Open Mind Analysis™ lets the data speak for itself, identifying and visualising any significant relationships, links and clusters within the data. This is ideal at separating the cause from the effect.

Reports-based solutions are fine when you know exactly what you’re looking for. But what happens when you don’t? IntelliQ RetailKey solutions are based on a revolutionary approach to data analysis called Open Mind Analysis™. Open Mind Analysis™ is designed to let the data determine what’s important, identifying unexpected data relationships and flagging them to the user for further analysis.

Open Mind Analysis™ lets investigators see things that simple reporting solutions would never spot. As retailers close down the most obvious abuses, determined fraudsters will always invent new ones. By keeping an “Open Mind”, users of RetailKey Loss Prevention will see the effects of suspect activities before they even understand the causes.

IntelliQ Train of Thought Analysis™ – full support for on-the-fly, iterative investigations that allow users to drill down into the data to explore the suspect activities. Perfect for those hunches where justifying the IT resource would be as difficult as predicting the value of the hunch. No single mode of analysis can master the exploration and investigation of vast volumes of data. Taken together, the three approaches combine to create a uniquely powerful loss prevention platform.

Copyright © IntelliQ 2007