IDM Software has developed LossManager to help with the issue of internal fraud.
According to IDM Software, up to 80% of employees will, at some point, try to steal from their employers. To help wholesalers tackle this issue it has introduced a data mining solution.
Data mining is a technique that allows the analysis of large amounts of data from different sources to extract useful information to establish correlations or patterns.
LossManager aims to take data mining to another level, allowing wholesalers to look beyond just fraud into areas such as process-based weakness. The technology gives visibility of all related information such as EPOS transaction data, EAS, supply-chain and links through to CCTV clips so that loss prevention teams can get to grips with the bigger picture of internal loss and inefficient operations.