NICE Systems, an Israeli-based provider of multimedia recording solutions, applications and related professional services for business interaction management, has entered into an agreement to integrate its NiceVision digital video and audio recording solution with CA Technology's StoreVision point of sale (POS) monitoring system.
CA Technology is an international provider of high technology solutions for operations, retail loss prevention and risk management. The combined solution offers a tool to effectively combat one of the retail industry's most difficult and costly problems.
Peter Lewis, chief operating officer, CA Technology, said, "In many retail environments controlling 'shrinkage', or inventory loss, spells the difference between operational loss and profitability. Contrary to popular perceptions, shoplifting is not the main cause of shrinkage.”
“Collectively employee theft and errors account for about 60 percent of inventory loss, and having security personnel stare at monitors, either real-time or post-event, does not effectively address this shrinkage problem.”
“The powerful NiceVision-StoreVision solution, on the other hand, provides end users with the tools and overall functionality they need to effectively combat both theft and employee mistakes. Recently, the StoreVision system achieved a 100 percent ROI (return on investment) for a major, high-end department store chain in only six months."
StoreVision is the most advanced retail store surveillance and POS monitoring system on the market today and is a breakthrough product in high technology security solutions, according to a company press release.
Headquartered in Ra'anana, Israel, NICE Systems products and solutions are used in contact centers, trading floors, air traffic control (ATC) sites, CCTV (closed circuit television) security installations and government markets. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
