Can retail software can reduce frauds?

Poster
Message
Pune India
paitsystems
Kudos: 32
Joined: Sep 26, 2018
Can retail software can reduce frauds?
26 Sep 2018
Recently I was studying more on retail software and frauds in retail industry.
There are various methods, ways and advantages that come with a POS software or billing software for retail store. From internal frauds to shop lifting, everything can be controlled if you know what you have and what has been sold.
So my question is can retail software can reduce frauds?
Nottingham United Kingdom
Bigian13
Kudos: 3,676
Joined: Feb 21, 2014
Re: Can retail software can reduce frauds?
26 Sep 2018
@bhadalea35

No software on its own can reduce fraud, all it can possibly do is help to identify where and how the fraud took place.

Software will be able to tell you how many of an item you should have, how many you have sold, and how much money you should have taken. It should therefore give you an indication of items / money taken dishonestly by customers or even staff.

If you have a physical store, then CCTV can help reduce fraud by keeping an eye on money going into the till, and identifying shoplifters.
E-commerce , love it or hate it, that's why we are here
Pune India
paitsystems
Kudos: 32
Joined: Sep 26, 2018
Re: Can retail software can reduce frauds?
27 Sep 2018
Yes i agree what you are saying, but if we stick to only software part(as physical security will always be a challenge Sad )

ACCESS DENIAL
INVENTORY IN YOUR HAND
BYE-BYE SHOPLIFTERS

[Last edited: 27 Sep 2018]
Herts, England - Not specified -
Andy
Kudos: 13,267
Joined: Jan 1, 2001
Re: Can retail software can reduce frauds?
27 Sep 2018
Sorry Ian, clearly this was not a genuine question.

I gave this poster the benefit of the doubt with their first post.

Funny how people go off studying things that they appear to know very little about, then it turns it to be exactly what the company they founded does.

Either they are dishonest, or their company has no idea what they are doing. Both good reasons to avoid "PAIT BIZ".
Andy Geldman, Web Retailer
Please follow on Twitter, Facebook, LinkedIn or Google+
Pune India
paitsystems
Kudos: 32
Joined: Sep 26, 2018
Re: Can retail software can reduce frauds?
27 Sep 2018

bhadalea35 wrote:

Thanks Bigian13,

Yes i agree what you are saying, but if we stick to only software part(as physical security will always be a challenge )

ACCESS DENIAL
INVENTORY IN YOUR HAND
BYE-BYE SHOPLIFTERS
Nottingham United Kingdom
Bigian13
Kudos: 3,676
Joined: Feb 21, 2014
Re: Can retail software can reduce frauds?
28 Sep 2018
@Andy

Was originally going to reply 'No' and leave it at that as I thought it was a bit suspect.

Never mind, I got a bit more Kudos !!!

[Last edited: 28 Sep 2018]
E-commerce , love it or hate it, that's why we are here

StreetPricer
Market Invaders
Thompson & Holt
StoreFeeder