Agilence Launches Subscription-Based Shrink Management Solution

Agilence, Inc., which provides intelligent video analysis solutions, has released Agilence 3.2 Standard Edition to serve as a highly scalable operational intelligence solution for small to midsized retailers.

The new software was specifically developed for retailers with fewer POS terminals and fewer transactions per day than typical large chains. It’s designed to help retailers to identify fraudulent activities such as sweethearting, discounting, coupon and promotion fraud, as well as credit card and check fraud. It also helps detect operational inefficiencies that lead to shrink, by evaluating such items as open rings and processing errors while improving the cash-handling process.

“Shrink numbers across the retail market are on the rise at alarming rates,” said Derek Rodner, VP of product strategy for Camden, N.J.-based Agilence. “With Standard Edition, we have created an inexpensive solution that helps smaller retailers pinpoint cashier shrink and uncover the hidden shrink caused by operational errors that severely impact the profitability of an organization.”

The new offering leverages fully integrated and patented item-level synchronization software, which pulls data directly from the point-of-sale (POS) system and marries the data with video. Item-level synchronization means that the individual item scans within a transaction are directly tied to associated video images. Additionally, it includes a query tool called Audit Station, which enables loss prevention analysts to quickly isolate and identify suspect transactions. It also includes a Control Room VMS (video management system) that works with both analog and IP cameras to take advantage of existing infrastructure and assist with the transition to new technology. An embedded NVR (network video recorder) with 30 days of storage is optional.

Agilence 3.2 Standard Edition joins Agilence 3.2 Enterprise Edition -- a system designed for retailers with higher volume and a need for more video storage -- and both are available as a traditional license and maintenance model or through AgilenceOn -- the monthly subscription model that includes Agilence Analysts.
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