Interviews
News Flash
TJX picks Infoglide Software for retail solution
12 Jan '06
2 min read
Enterprise software and business solutions provider Infoglide Software Corporation announced it has signed a licensing agreement with The TJX Companies Inc for its Retail Risk Management solution.
The TJX Companies is the parent company of T J Maxx, Marshalls, HomeGoods, and other leading brands.
The Retail Risk Management solution is based on Infoglide Software's Bladeworks transactional business intelligence software and will be used across The TJX Companies divisions for retail loss prevention.
'Their solution provides a clear return on investment for TJX by identifying millions of dollars in previously undetected fraud risk,' said Tony Allen, vice president and business unit manager, Infoglide Software.
'It enables The TJX Companies to reduce fraud and contribute to their bottom line.
Not only is this a win-win for both of us, but for consumers as well.
With margin pressures and stiff competition, shrinkage reduction is one of the few places that retailers can gain a competitive edge.'
Infoglide Software's solution for Retail Risk Management decreases retail loss by automatically discovering hidden relationships in returns transactions between individual customers, employees, and vendors and creating a multi-dimensional view of each customer, employee, vendor, and their activity.
The technology is person-focused versus pattern-focused and can sift through large amounts of data in multiple databases uncovering suspicious connections between people and their specific transactional activity in near real-time.
The TJX Companies is the parent company of T J Maxx, Marshalls, HomeGoods, and other leading brands.
The Retail Risk Management solution is based on Infoglide Software's Bladeworks transactional business intelligence software and will be used across The TJX Companies divisions for retail loss prevention.
'Their solution provides a clear return on investment for TJX by identifying millions of dollars in previously undetected fraud risk,' said Tony Allen, vice president and business unit manager, Infoglide Software.
'It enables The TJX Companies to reduce fraud and contribute to their bottom line.
Not only is this a win-win for both of us, but for consumers as well.
With margin pressures and stiff competition, shrinkage reduction is one of the few places that retailers can gain a competitive edge.'
Infoglide Software's solution for Retail Risk Management decreases retail loss by automatically discovering hidden relationships in returns transactions between individual customers, employees, and vendors and creating a multi-dimensional view of each customer, employee, vendor, and their activity.
The technology is person-focused versus pattern-focused and can sift through large amounts of data in multiple databases uncovering suspicious connections between people and their specific transactional activity in near real-time.
Popular News
Leave your Comments
Editor’s Pick
Apparel/Garments
Apr 28, 2024
2 min read
Retail
Apr 28, 2024
2 min read
Apparel/Garments
Apr 28, 2024
2 min read
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
