Aspect’s LossPREVENTION™ software engine, the essential base software for each of Aspect’s software solutions, is where Essential LossPREVENTION™ derives its name. This basic version of our industry-leading exception-reporting software provides retailers with enterprise-level tools needed to successfully reduce internal shrink and optimize training deficiencies, all within the context of an economically friendly package. As with all of Aspect’s loss prevention software solutions, Essential LossPREVENTION™ has been designed to provide a substantially quick return-on-investment. Whether your retail organization has 20 stores or 200 stores, Essential LossPREVENTION™ has the ability to dramatically improve your ability to reduce internal shrink.

With the Essential LossPREVENTION™ solution, retailers quickly discover:

1) Cash refund fraud.
2) Excessive void activity.
3) Credit card fraud (internal and external).
4) Manually entered credit card transactions.
5) Unusual activity in departments with high shortages.
6) Discount and markdown abuse.
7) High-risk transactions that occur before store openings and closings.
8) Training issues that produce poor productivity and/or customer service.
9) Excessive associate purchase/return activity.
10) Many others.*

*Note: There are currently over 800 defined queries available.
Based on requests and experiences of Aspect’s customers, each successive release of Aspect’s software solutions includes new queries, features, and functionality. Additionally, more top 100 retailers use Aspect’s software solutions than any other exception-reporting system!

The Essential LossPREVENTION™ solution requires a traditional client/server arrangement to operate. The server software will handle the formatting and storage of the transaction data that is to be investigated. Traditionally, this is located on the server that your transaction logs are located. The data is then formatted and stored in one of several popular database applications. Once the data is prepared for investigation, the client application provides the analysis and reporting mechanisms.

Aspect’s easy-to-use client software is compatible with any Pentium class PC running Windows 2000®, ME®, or XP®. The application incorporates statistical methods and rules of thumb that have been used by specialists for many years. Aspect has taken these proven techniques and added the ability to apply them to large volumes of data in the form of specialized reports. Performing these reports in a consistent and timely manner has enabled the loss prevention department to dramatically recover losses that were previously difficult to detect.

Aspect’s Essential LossPREVENTION™ solution can easily be enhanced with additional product modules or upgraded to Elite LossPREVENTION™ when additional resources permit.

Contact an Aspect sales representative to receive more information or to schedule a live demonstration of Essential LossPREVENTION™.