Rethink Your Returns Strategy
It's time to shift from reactive to proactive. One of the most popular technologies in combating returns fraud are real-time returns authorization tools. But they miss the mark when it comes to being proactive in the fight against return abuse. Agilence Analytics offers after-the-fact analysis, comprehensive data integration, user-friendly analytics, enhanced alerting capabilities, and more.
What can Agilence Analytics do for you?
Easily identify returns abuse trends and common fraud schemes like:
Identify transactions where items are returned without a receipt on the day of purchase.
Identify returns handled by the cashier who made the sale on the same day.
Track returns made outside of the stated return policy.
Monitor instances where store credit (especially from non-receipted returns) is used in conjunction with their employee discount.
Identify transactions where the cashier processing the return shares the same last name or address as the customer on the card used for the transaction.
Product Highlights
Dashboards & Reports
See business performance at a glance with interactive visualization, KPIs, and exception-based reports.
Detailed Analysis
Use queries, filters, drilling, and visuals that are simple to use while still answering complex questions.
Alerting
Monitor key business operations and automatically send prescriptive alerts with detailed action plans to quickly resolve issues.
Forecasts & Predictions
Use machine learning to forecast and predict future high-risk returns, voided transactions, fraud, and more.
Data 'N Analytics (DNA) Scores
Track store and employee risk and performance with tailored, statistics-based scoring.
Custom Grouping
Combine unrelated data elements to uncover patterns and relationships that were previously difficult to see.
Data Integration
Integrate over 200 data sources - POS, eCommerce, loyalty, HR, store, product, inventory, financial, alarm, IoT, and others.
Video Feeds
Include video from 20+ vendors to synch your video footage with POS data for easy comparison and review.
SaaS Hosted
Access your data from anywhere - on your mobile phone, tablet, or computer - and be confident your information is safe.
Neiman Marcus identified $960K worth of shrink in one year by targeting fraudulent refunds
Intuitive and Powerful Case Management
Agilence Case Management offers an advanced AI-driven feature called Case Linking. This powerful tool utilizes machine learning to:
Uncover Similarities Across Stores
Discover similar characteristics of incidents occurring across all your stores, such as the time of day when theft is more likely to occur.
Reveal Hidden Connections
Identify related and connected incidents that were previously unknown, such as similar vehicle or suspect descriptions.
Automate Fraudster Identification
Streamline the identification of organized retail crime (ORC) rings and other networked fraudsters, allowing you to take targeted action to mitigate the threat.
From Reactive to Proactive: Rethinking Your Returns Strategy
Hosted by The Loss Prevention Foundation and featuring Kari Dorsher and Cheryl Murphy from Agilence
Dive deep into the murky waters of returns fraud, a burgeoning challenge that saps retailers' profits and distorts inventory management. As the retail landscape evolves, so does the cunning of fraudulent returns, making it a pressing concern for store owners across all sectors.
Return Fraud Guide
In this comprehensive guide. we explore essential topics such as the definitions and ...
Get started with Agilence
While returns authorization tools are crucial for real-time operational decisions in retail, integrating an advanced analytics solution like Agilence can provide the deeper insights and broader analysis necessary for strategic decision-making and reducing shrinkage effectively.