IRVINE, Calif. – The Retail Equation and Sysrepublic, industry leaders in retail analytics solutions and the newly merged retail business unit of Appriss, today announced they will jointly exhibit at NRF Protect in booth #1301 to illustrate how the two companies are working to offer enhanced predictive analytics for retailers. NRF Protect is being held on June 15-16, 2016 in Philadelphia at the Pennsylvania Convention Center. Together, The Retail Equation and Sysrepublic have protected $1.3 trillion in annual revenue and processed 40 billion retail transactions throughout 75,000 retail locations in 25 countries around the world.
“The combined strength of these two companies allows us to bring even more powerful predictive analytics to retailers around the globe,” said Mark Hammond, CEO of The Retail Equation. “Our teams are already busy collaborating on new solutions that will enable our clients to reduce total loss, improve shrink, increase sales, and prevent consumer and employee fraud.”
In addition to exhibiting together, The Retail Equation and Sysrepublic will be presenting a Big !deas session titled, “A Powerful Combination: Return Optimization and Exception Reporting” on Wednesday, June 15 at 11:30am ET in the Big !deas presentation room on the NRF Protect expo hall floor. Chief Data Scientist David Speights, PhD of The Retail Equation will join Nathan Smith, CEO Americas for Sysrepublic to discuss how the data science behind return optimization and retail exception reporting are inter-related. Attendees will also learn how the combination of consumer and employee fraud analytics increases speed of investigation and resolution, as well as how attacking shrink and loss from multiple angles generates significant financial impact.
The Retail Equation and Sysrepublic will be exhibiting several flagship products, including The Retail Equation’s Verify® and Retail Rewards, Sysrepublic’s Secure v3.5 and Appriss’ RiskCheckNow.
About the Retail Equation
The Retail Equation, an Appriss company, optimizes retailers’ revenue and margin by shaping behavior in every consumer transaction. The company’s solutions use predictive analytics to prevent fraud and abusive returns and then turn each individual shopper’s purchase or return into a more profitable experience. This yields immediate financial payback, increasing store comps by as much as 2 percent, with significant return on investment. The Software-as-a-Service applications operate in stores across a diverse retail base of specialty apparel, footwear, hard goods, department, big box, auto parts and more. For more information about The Retail Equation, visit www.theretailequation.com
Sysrepublic, a part of The Retail Equation, was founded by a team of highly successful IT retail experts in 2002 and is currently considered a global retail data analytics leader. The company leverages proprietary integration systems and database structuring to provide a comprehensive analytical view of user actions and process inefficiencies across a variety of risk areas including: point-of-sale, supply, inventory, finance, pharmacy, returns, and human resources. The company has offices in Los Angeles, London and Warsaw. For more information about Sysrepublic, visit www.sysrepublic.com (http://www.sysrepublic.com).