BACK TO THE DATA COAL FACE

Founding fathers of retail loss prevention data mining launch a new affordable LossManager

With its significant impact on head office IT and start prices somewhere north of £250,000, all but the larger multiples have refused to give EPOS data mining anything more than a cursory glance because its perceived ROI cannot justify it as anything more than a nice-to-have luxury.

But that is all about to change as the four pioneers that introduced data mining to the UK retailers has teamed up with Oris Group, the UK’s leading loss prevention specialist has teamed up with to provide comprehensive highly functional, hosted loss prevention data mining solution.

Managing Director of the ORIS Group, Laurence King has teamed up with Khuram Kirmani, David Snocken, Haydar Kirmani and Pragnesh Patel who have formed IDM Software Ltd (and were formerly the founders of IntelliQ) to turn the Retail Loss Prevention data mining market on its head.

“This partnership probably represents the greatest depth of domain expertise in this field offered by any organisation. It’s built by retailers, for retailers,” says King.

This partnership will bring data mining within reach and budget for the majority of high street retailers paying for itself within months as well as providing a rich seam of ‘slice and dice data’ in easy to use reporting formats for loss prevention and profit protection teams throughout the UK.

For ORIS, a specialist in Retail Loss Prevention systems and consultancy with clients including New Look, the Carphone Warehouse, Argos, Woolworth, Homebase and Boots Alliance, the partnership allows the development of an easy to use technology that delivers valuable, secure and sector-specific data with an affordable price tag.

“We all know that internal fraud is a growing area of retail crime, but measuring and detecting has been a major stumbling block for most retailers who simply could not afford what they regarded as an expensive luxury. Now this partnership brings the technology to them in non-technical language and within a manageable budget. We are delighted to be working with IDM, we know them well and they have many years experience, having successfully implemented data mining solutions for a number of retailers. That’s why we chose them,” says King.

Kirmani adds: “It’s great to be back working with retailers. Having spent a number of years working with some of this country’s leading retailers we are keen to re-engage with the market because we believe there is a gap for a system that is both, low cost and high in functionality. Fraud Manager ticks all of these boxes because it is rich in functionality yet affordably priced. Through its experience and expertise The ORIS Group has demonstrated to us that it really understands retail loss prevention and we have embraced the opportunity of working closely together. As one team, we know we can bring data mining to many retailers both quickly and effectively."

LossManager is built on the oracle database which delivers industry leading performance, scalability, security and reliability.