Bata Retail Implements Triversity`s Loss Prevention Solution
FOR IMMEDIATE RELEASE
For More Information:
Greg Bandler
Triversity Inc.
(416) 791-7109 gbandler@triversity.com
Anita Wong
Strategic/Ampersand Inc.
(416) 961-5595 ext. 431
anita@stratamp.com
World renowned footwear manufacturer and retailer selects Triversity`s FraudWatch
TORONTO - June 25, 2001 - Triversity Inc., a leading software provider delivering integrated multi-channel, customer-centric solutions for the retail industry, today announced it has been selected by Bata Retail Canada, a subsidiary of The Bata Shoe Organization, to implement Triversity`s FraudWatch, an active loss prevention reporting and analysis solution.
Triversity`s FraudWatch offers a comprehensive fraud detection solution that protects retailers against revenue loss due to employee theft or non-compliance to corporate policies and procedures. FraudWatch will provide Bata Retail with up-to-the-minute automated alerts, reports and analysis without changing its existing IT infrastructure. FraudWatch will be hosted on an ASP basis, ensuring rapid results, low costs and reduced risk for Bata.
Fraudwatch`s specialized data mining capabilities identifies sources of shrinkage at the Point-of-Sale (POS) by monitoring every keystroke. The browser-based application ensures operations and loss prevention personnel have access to vital information from any location, at any time.
"The ASP option facilitated a rapid implementation and allowed us to generate immediate results," said Kevin Holmes, vice president of operations, Bata Retail Canada. "Triversity`s FraudWatch helps Bata identify non-adherence to corporate policies and pinpoint instances of employee fraud, providing us with the tools to correct problems as they occur."
"Shrinkage is a significant issue in the retail industry and can have a dramatic impact on a retailer`s bottom line," said David Thomas, president and CEO, Triversity Inc. "Our comprehensive FraudWatch solution identifies problem areas immediately, preventing further loss while directly improving profitability."
About Bata Limited
The Bata Shoe Organization was founded in 1894. Today, the Bata headquarters in Toronto oversee operations in 69 countries. Bata is the world`s largest footwear manufacturing and marketing organization, serving over one million customers each business day, and employing more than 52,000 people globally. For more information, please visit http://www.bata.com.
About Triversity Inc.
Triversity is a leading software provider delivering integrated multi-channel, customer-centric solutions for the retail industry. By integrating market-leading Point-of-Sale/Point-of-Interaction (POS/POI) applications with intelligent retail customer relationship management (CRM) solutions, Triversity allows retailers the capability to offer a consistent shopping experience across all channels, all the time, and enables them to easily and effectively manage the customer lifecycle on a one-to-one basis. The company`s TAP model enables retailers to Transact with their customers; Analyze their market baskets and customer data; and, deliver Personalized marketing programs and incentives across all channels of distribution. Triversity also offers active loss prevention reporting and analysis, providing a comprehensive fraud detection solution that protects retailers against revenue loss due to employee theft or non-compliance to corporate policies and procedures.
Triversity`s retail solutions are installed in over 350 retailers in 32 countries. Retail clients include the U.S. Army and Air Force Exchange Service (AAFES), Discovery Channel, Dylex Limited, Hallmark, Pep Boys, Provigo, Rite Aid, The Shoe Company, Staples Canada, The Sports Authority, Wawa, White Rose Nurseries and Williams-Sonoma. Triversity is headquartered in Toronto, with regional offices in Philadelphia, Dallas, Mexico City and Sydney. For more information, please visit http://www.triversity.com.
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