Milestone XProtect Transact 2.5 Is Released
Loss prevention visibly improved by combining IP video with transaction data
Milestone Systems, a world-leading developer of open platform IP video management software, has now released version 2.5 of XProtect Transact, an integrated solution for managing shrinkage through combined surveillance and transaction data.
Retail, banking, transportation, hospitality and other industries are looking to optimize the handling of shrinkage due to fraud, errors and theft. In the retail sector alone, both shoplifting and employee theft is a well-documented cause of major financial losses.
The 19th Annual Retail Theft Survey recently quoted that in the US, the average shoplifting case involved $128.71 in lost goods. Furthermore, one out of every 27 employees was found to steal products with an average value of $851.00. Over half a million people were apprehended in these cases with a total of $116.00 million in stolen items. Across the Atlantic, the UK has reported that ‘the retail industry as a whole is estimated to be losing around £2 billion per annum through fraud and theft.'
To help reduce this, the combination of digital video tapped into transactions is proving to be a solution that enables detection of suspicious incidents. The results are measurable. The US study, for example, showed that $56.6 million was recovered from employee theft apprehensions. Improved procedures in hiring, training and monitoring - specifically the use of Point-of-Sale exception reporting software coupled with video surveillance - has helped.
Milestone Systems XProtect Transact 2.5 has the following capabilities:
- Track goods all the way through the store - from receiving to sales.
- Determine if items get "lost" in the storage/warehouse, are shoplifted or "mistreated" at the checkout counter (either in the sales process or as return goods).
- Follow activities visually.
- Easily produce evidence.
- Help resolve wrong-doings before they escalate.
The newest version of XProtect Transact offers improved search functions like a search list that makes browsing easier, and a new SQL database enables support for Microsoft Vista™. Transactions can now trigger generic events in XProtect Corporate, XProtect Enterprise, XProtect Professional and XProtect Basis+, harnessing the full power of Milestone IP video surveillance management software.
|Model code||XProtect Transact|
|Software Type||Surveillance Software|
|Additional info||XProtect Transact handles shrinkage and fraud detection through video evidence combined with time-linked cash register or ATM transaction data, and a choice of central or local management. Together, a total solution to handle video surveillance for protection against theft, and integration with transactions for clear evidence of fraud can be achieved. Any designated person can quickly and easily find each transaction's details with the corresponding video images to determine the cause of exceptions. With the graphic user interface for all functions, user can choose which cash register/ATM, or camera views they wish to see, and even set up pre-set screen views for quick references to system. Transactions can be displayed simultaneously with camera recordings and multiple registers/ATMs and cameras can be viewed in one screen.|
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