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It is our desire that you fully understand all there is to know about our products and services. Occasionally we answer questions that we feel may benefit others. Below we have listed many of those questions. If you have a question that is not listed that you would like answered, please contact one of our company representatives at 1.888.777.0586.

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How will I benefit from using Aspect’s Loss Prevention software? Can I increase the number of users on my system?
Can I use the Aspect software with my current POS equipment? Will the Aspect LP software work with my current operating system?
Is internal fraud really a problem? What kind of database can I use?
What kind of fraudulent activities is the LP software capable of finding? Is there training available for the LP software?
Can I customize my own reports? Which platforms will work with the Aspect LP software?
How do I view report results?  

How will I benefit from using Aspect’s Loss Prevention software?

The most obvious benefit from using the LP software is a marked increase in the effectiveness of the loss prevention personnel. This, in turn, leads to:

• Greatly increased recovery; shorter time and more dollars.
• Significant reduction in Shrink.
• More effective use of loss prevention resources.
• POS training issues detected early on.
• Successful recoveries will have a significant deterrent effect on further employee theft.

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Can I use the Aspect software with my current POS equipment?

Aspect Loss Prevention provides a reformat application tailored to the retailer’s specific transaction data formats. The major POS formats are supported, including:
Fujitsu, IBM, NCR, Siemens, Data General, Dell, and Nixdorf.

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Is internal fraud really a problem?

• 40% of employees admit to stealing from their employers: FMI & NGA survey.
• .69% of annual sales are lost to cashier theft. (Approx. $7,000 / million): NGA survey.
• Only 3.5 – 3.6% of retail theft losses result in apprehension and recovery: Hayes Survey
• Employee theft is the predominant source of shrinkage, accounting for 42.7% of total losses: NRSS
• Employees who steal, steal 10 times more than the average shoplifter: Hayes Survey. 

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What kind of fraudulent activities is the LP software capable of finding?

• No sales following a cash void.
• Price overrides.
• Under-ring of keyed items.
• Returns without a receipt.
• Employees ringing their own purchases.
• Employees ringing their own returns.
• Voids of own purchases.
• Voids of other employee’s purchases.
• Voids before opening or closing.
• Multiple refunds for the same transaction.
• Refunds rung at registers other than the service desk.
• Excessive line item voids.
• Manual entry of credit card numbers.

*This list is by no means complete. There are presently over 700 defined queries available.

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Can I customize my own reports?

Yes, Adhoc queries can be run against any operational data stored in the system.

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How do I view report results?

Query results can be reviewed on a screen, printed, or exported to various file formats.

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Aspect Loss Prevention, LLC
5735 Old Shakopee Road West #100
Bloomington, MN 55437

1.888.777.0586
www.AspectLP.com

Aspect Loss Prevention is a wholly-owned subsidiary of PosNavitas Retail Services, Inc.