Checkpoint Systems (ticker: CKP, exchange: New York Stock Exchange (.N))
News Release -
Checkpoint Systems Launches Two Innovative Retail Software Solutions at NRF
New solutions offer retailers increased capabilities and
efficiencies in managing store incidents and fraud investigations
THOROFARE, N.J.--(BUSINESS WIRE)--June 19, 2008--Checkpoint
Systems (NYSE: CKP), a leading manufacturer and marketer of
identification, tracking, security and merchandising solutions to the
retail industry, has announced the addition of two new products -
IncidentReporter and CaseManager - to its suite of CheckPro Shrink
Management Software Solutions.
Designed to enhance chain-wide loss prevention efforts by
providing store managers and executives throughout the retail
enterprise with greater visibility to store activities, CheckPro
Solutions capture and report on data from numerous store functions.
These include audits, guest counting, EAS activity, in-store incidents
and internal fraud investigations, all of which help to ensure the
retailer is operating at optimum efficiency.
The first new solution, CheckPro IncidentReporter, enables
retailers to monitor the number, nature, severity and cost of
incidents such as stock losses, property damage, burglaries, theft,
fraud, etc., across the entire store chain. The software allows users
to quickly and easily record any type of incident, capturing all
relevant information and keeping management up-to-date.
"IncidentReporter enables management to keep a close eye on all
incidents that take place at the store level," said Per Levin,
Checkpoint's Worldwide President, Shrink Management Solutions. "Once
information is entered into the program, it is visible to authorized
users and prompts a series of actions to ensure the incident is dealt
with swiftly and in the correct manner. Giving executives this kind of
visibility helps ensure patterns are caught before they become a major
A unique 'dashboard' is displayed to users when they log-in that
outlines specific and important information relevant to their job
role. The dashboard can display store, regional or company information
and gives an overview of events that have occurred in the last 24
hours and during the last week, alerting management to incidents that
might require their involvement.
Tables and graphs can be extracted from the system for easy
reporting, displaying incident information such as number, cost or
volume breakdown, type and location. A full breakdown of the cost to
the retailer is calculated, including factors such as loss of stock,
damage to property or third-party loss, helping management to keep
track of the full cost of incidents, and to plan and budget for
in-store improvements where necessary.
The other addition to the CheckPro suite of solutions is
CaseManager, a web-hosted management system to help retailers manage
their responses to internal fraud. CheckPro CaseManager software
provides retailers with the framework to capture, investigate and
handle suspected fraud cases. At the same time, it helps managers
monitor the workload and productivity of their investigative teams.
Ideal for complex retail environments, where internal theft and
fraud is an ever-increasing concern, CaseManager gathers information
from the moment a case is logged, right through until the satisfactory
closure of each case. Data from a number of sources, including
confidential hotlines, data mining and field investigations is stored
in one central, real-time database, building a complete and accurate
picture of the status of individual cases.
"Developed specifically for the retail industry, this intelligent
system gives retailers the power to stop fraudulent activities in
their tracks and increase the chances of an expeditious, successful
recovery," notes Levin. "Its presence will help promote a
zero-tolerance culture, which is essential in the fight against
The application allows managers to allocate cases, map out action
plans, set deadlines, record evidence and produce reports quickly.
Highly sophisticated analytics calculate the total value of fraud
detected and how much has been spent on investigations, and can
provide a breakdown of data to identify trends by brand, region,
individual store or time period.
Both IncidentReporter and CaseManager can be tailored to suit
clients' individual requirements and are multi-lingual and
multi-currency, making them suitable applications for international
"These new additions add to the robustness of our CheckPro
Software Solutions," concludes Levin. "When paired with our latest
Evolve EAS systems and Enhanced Performance labels, these and other
CheckPro solutions make retailers' EAS programs work harder to fight
all types of shrink, from shoplifting to internal theft and fraud.
Giving store executives an easy and effective way to drill down to
details at the store level helps ensure compliance with store
policies, which ultimately makes it harder to steal from a store with
such a well-rounded shrink management program in place."
Checkpoint Systems, Inc.
Checkpoint Systems, Inc. is the leading supplier of retail shrink
management solutions. Checkpoint's global team helps retailers - and
their suppliers - reduce theft, increase inventory visibility and
provide consumers with greater merchandise availability through the
company's rapidly evolving RF technology, expanding shrink management
offerings and Check-Net labeling solutions. Checkpoint has more than
one million RF devices installed in stores today and has secured more
than 100 billion products. Scaling cost efficiently, Checkpoint's
solutions provide increased revenues and profits to a fast-growing
community of successful retailers and a superior experience for their
consumers. Listed on the NYSE (NYSE:CKP), Checkpoint operates in every
major geographic market and employs 3,900 people worldwide. For more
information, visit www.checkpointsystems.com.
CONTACT: Checkpoint Systems, Inc.
Jennifer Henry, 856-251-2150
Spectrum Marketing & Communications
Bob Basmadjian, 908-823-9400
SOURCE: Checkpoint Systems