Appriss Retail

Irvine,  CA 
United States
https://apprissretail.com
  • Booth: 3136

Appriss Retail, a division of Appriss Inc., provides artificial intelligence-based solutions to help retailers protect margin, unlock sales, and cut shrink. With more than 20 years of retail data science expertise, the company’s Software-as-a-Service (SaaS) platform generates advanced analytical insights and real-time decisions that drive action throughout the organization, including operations, finance, marketing, and loss prevention. Its performance-improvement solutions yield measurable results with significant return on investment among retail store, ecommerce, and inventory functions. Appriss Retail serves a global base of leading specialty, apparel, department store, hard goods, big box, grocery, pharmacy, and hospitality businesses in more than 150,000 locations (brick and mortar and online) in 45 countries across six continents. For more information about Appriss Retail, visit https://apprissretail.com.


 Press Releases

  • FOR IMMEDIATE RELEASE ON: July 16, 2019

    APPRISS ACQUIRES VERISK’S RETAIL LOSS PREVENTION SOLUTIONS

    Adding product lines and client bases increases Appriss’ retail performance improvement leadership

    LOUISVILLE, Ky. (July 16, 2019) — Appriss, a leading provider of data analytics solutions in safety, health, and retail, today announced the acquisition of the retail loss prevention solutions from Verisk (Nasdaq:VRSK), a leading data analytics company serving the insurance industry, energy and specialized markets, and financial services. Verisk’s retail loss prevention portfolio has a broad and global client base of more than 70 retailers, many new to the Appriss family. This acquisition will be integrated into Appriss’ retail business unit, Appriss Retail.

    Verisk’s retail loss prevention solutions include Aspect EliteLP™, APIS (Aspect Protection Information System), and (n)act™. Together, they bring to Appriss Retail a well-known product set and an experienced team of retail professionals, highly skilled in exception reporting and incident management solutions as well as retail operations and total loss analytics. This addition to the current Appriss and LP Software offerings further enhances Appriss Retail’s position as the premier retail analytics provider in the market.

    Additionally:

    • Appriss is committed to growing organically and via acquisition, recently surpassing 25 consecutive years of growth.
    • Appriss celebrates an innovative culture, investing in its growth by tripling R&D spend in the past three years.
    • Appriss Retail’s Software-as-a-Service (SaaS) solutions target the retail Global 1000 and drive action throughout the organization, including operations, finance, marketing, and loss prevention.
    • Appriss Retail’s comprehensive platform for performance improvement yields measurable results with significant ROI among retail store, ecommerce, and inventory functions.

    “The inclusion of Verisk’s retail clients now allows Appriss Retail to serve more than 300 of the largest, most advanced retailers in the world,” said Krishnan Sastry, chief operating officer of Appriss. “What we gain by serving such a large client-base is collective intelligence. This creates the combined knowledge that we are able to leverage through our platform and our world class data science team to deliver advanced analytics and predictive models that drive measurable performance improvements across many functions in each specific retailer.”

    “Joining the Appriss Retail organization is an incredible opportunity for us to leverage our more than 20 years of experience in providing leading retail solutions with a team that has led the way in using advanced analytics to protect the profits of retailers worldwide,” said Cheryl Blake, division president of Verisk Financial | Retail Solutions. “Our clients will benefit from the laser focus on the retail space while still enjoying the outstanding support that has been the hallmark of our team.”

    About Appriss

    Appriss provides proprietary data and analytics solutions to effectively and efficiently address safety, fraud, risk, and compliance issues for government and commercial enterprises worldwide. Their customers are leading commercial enterprises, information service providers, and government agencies with focus in retail, healthcare, and public safety. For more information about Appriss, visit www.appriss.com.

    About Appriss Retail

    Appriss Retail, a division of Appriss, Inc., provides artificial intelligence–based solutions to help retailers protect margin, unlock sales, and cut shrink. With more than 20 years of retail data science expertise, the company’s Software-as-a-Service (SaaS) platform generates advanced analytical insights and real-time decisions that drive action throughout the organization, including operations, finance, marketing, and loss prevention. Its performance-improvement solutions yield measurable results with significant return on investment among retail store, e-commerce, and inventory functions. Appriss Retail serves a global base of leading specialty, apparel, department store, hard goods, big box, grocery, pharmacy, and hospitality businesses in more than 150,000 locations (brick and mortar and online) in 45 countries across six continents. For more information about Appriss Retail, visit apprissretail.com.

    About Verisk

    Verisk (Nasdaq:VRSK) is a leading data analytics provider serving customers in insurance, energy and specialized markets, and financial services. Using advanced technologies to collect and analyze billions of records, Verisk draws on unique data assets and deep domain expertise to provide first-to-market innovations that are integrated into customer workflows. Verisk offers predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence, economic forecasting, and many other fields. Around the world, Verisk helps customers protect people, property, and financial assets.

    Headquartered in Jersey City, N.J., Verisk operates in 30 countries and is a member of Standard & Poor’s S&P 500® Index. In 2018, Forbes magazine named Verisk to its World’s Best Employers list. For more information, please visit www.verisk.com.

  • FOR RELEASE FEBRUARY 22, 2019

    APPRISS RETAIL ACQUIRES LP SOFTWARE TO EXPAND RETAIL SOLUTIONS

    Adding the LPMS product line and client base increases Appriss Retail’s market leadership

    IRVINE, Calif. (February 22, 2019)Appriss Retail, the industry leader in retail performance improvement solutions, today announced the acquisition of LP Software, a leading developer of loss prevention and risk mitigation solutions. LP Software has a broad, diverse, and global customer base of more than 150 retailers, many new to the Appriss Retail family. This combination expands Appriss Retail’s premier analytics position in the market, as well as increases the resources and capabilities available to LP Software.

    Established in 1998, the Chicago, Illinois-based company is best known for its case management system (LPMS) and its compliance and store audit solution (CAMS). A strong brand name and a team with a wealth of experience in case/incident management solutions, LP Software’s products and expertise provide a complementary fit to Appriss Retail’s existing solutions, including Secure™ Store. Appriss Retail and LP Software already have a successful, jointly-developed integration to build upon.

    “The acquisition of LP Software allows Appriss Retail to serve 250 of the largest, most advanced retailers in the world,” said Krishnan Sastry, president of Appriss Retail. “We committed ourselves to deliver the most comprehensive retail analytics platform to help loss prevention and store operations executives to continue to improve the competitiveness and profitability of their companies. LP Software’s expertise in compliance and audits, in addition to their long-standing position in case management, will lead to further product innovation for our customers.”

    “We are excited about the acquisition and the ability to combine LP Software’s expertise in case and incident management with Appriss Retail’s skills in artificial intelligence,” said Brian Eskra, president and CEO of LP Software. “This will enhance the ongoing service and value we deliver to our clients. In fact, we have compiled an extensive dataset of more than 6 million cases, which gives us deep insight into the fraud, compliance, and audit work space that will help drive future innovation.”

    With more than 20 years of retail data science expertise, Appriss Retail’s Software-as-a-Service (SaaS) platform targets the retail Global 1000 and generates advanced analytical insights and real-time decisions that drive action throughout the organization, including operations, finance, marketing, and loss prevention. Its performance-improvement solutions yield measurable results with significant ROI among retail store, ecommerce, and inventory functions.

    About Appriss Retail

    Appriss Retail, a division of Appriss, Inc., provides artificial intelligence-based solutions to help retailers protect margin, unlock sales, and cut shrink. With more than 20 years of retail data science expertise, the company’s Software-as-a-Service (SaaS) platform generates advanced analytical insights and real-time decisions that drive action throughout the organization, including operations, finance, marketing, and loss prevention. Its performance-improvement solutions yield measurable results with significant return on investment among retail store, ecommerce, and inventory functions. Appriss Retail serves a global base of leading specialty, apparel, department store, hard goods, big box, grocery, pharmacy, and hospitality businesses in more than 125,000 locations (brick and mortar and online) in 45 countries across six continents. For more information about Appriss Retail, visit https://apprissretail.com.

    About LP Software

    LP Software provides customizable software to help companies of all sizes, by providing innovative product solutions, and delivering results that increase your bottom line. Our proven solutions will help you manage Loss Prevention incidents, HR incidents, Compliance Auditing/Checklists, Accidents, OSHA reporting, Award Management, and Task Management. As a leading provider of software solutions, LP Software provides both on premise installation as well as On-Demand service. With our On-Demand service, you experience the benefits of an integrated management solution without large upfront costs or having to build a large IT infrastructure. For more information, please visit www.LPguys.com


 Products

  • VERIFY
    Verify® Returns version 5 warns consumers when their return transactions violate store policies or mimic fraudulent return behaviors....

  • Return fraud and abuse costs U. S. retailers $17 billion - $22 billion annually—costs that are passed on to consumers. Verify® Returns version 5 warns consumers when their return transactions violate store policies or mimic fraudulent return behaviors. In about one percent of the cases, Verify stops the transaction. This real-time decisioning is a breakthrough for retailers who, without the solution, do not know that the fraud has occurred for days or weeks. A real-time, consumer-based return authorization system, Verify does not rely on simple rules. It uses predictive algorithms and statistical models to distinguish and deter fraudulent and abusive return behavior.

    Most consumers are unaffected; Verify denies returns only to the worst offenders (the one percent that are extremely fraudulent/abusive). Verify saves individual retailers millions of dollars each year and offers full RIO in about a month.

  • SECURE
    Secure™ Store version 5 helps retailers get to the information needed to solve problems and improve performance....

  • Secure™ Store version 5 helps retailers get to the information needed to solve problems and improve performance. Far more than a traditional exception reporting solution; it combines artificial intelligence with standard query-based research to find where and how losses occur, and then offers next steps. Users are not just confronted with data, they are given answers and pathways to resolution.

    Secure makes sales reducing activities easier to find and resolve—events such as employee fraud at the point-of-sale, merchandise being lost or stolen from the back room, process inefficiencies, and more. Plus, the solution is not limited to POS data—it can pull information from systems throughout the organization spanning multiple banners, channels, and data sources. The interface and analytics are so easy to use that the solution can be deployed to many departments, empowering more people to understand the business better. Secure typically reaches 100 percent ROI in six months.

  • RTI (REAL-TIME INTEGRATION)
    RTI™ (Real-Time Integration) significantly cuts the delivery time and complexity of integration solutions, simplifying processes for integration architects and developers....

  • RTI™ (Real-Time Integration) significantly cuts the delivery time and complexity of integration solutions, simplifying processes for integration architects and developers. For example, today’s retail solutions collect large amounts of data; gathering and routing that information from all the stores to the retailer’s corporate office was frequently too difficult to manage. RTI solves that problem by using a powerful but prescriptive approach to solving integration problems. RTI comes complete with all the tools a retailer needs to integrate multiple systems and provide the workflow process that mediates their interactions. It is an intuitive solution which is rich in functionality, allowing complex mission critical integration solutions to be developed rapidly by relatively non-technical resources.

  • CAMS/LPMS
    CAMS and LPMS make audits,case, and incident management easy from any device....

  • CAMS (Compliance Audit Management System) effectively tracks your retail store compliance issues from any device. Users in the field enjoy easy access to trends and data that make a meaningful impact on safety and security while reducing cost by 25 percent.

    You can create your own audits, questions, and scoring. You can design as many audits as required to support your organization. Automatic e-mailing of audit reports to store, district, and regional managers, combined with built-in-reports, allows you to get real-time and historical analyses of audit data as needed. Tracking manager performance and store trends has never been easier.

    LPMS (Loss Prevention Management System) is an easy-to-use solution that shares incident data across retail departments and has all the powerful features that are important to the Asset Protection/Loss Prevention function. Incident status is available with just one click.

    This web-enabled, centralized incident management solution empowers you to control the workflow of reporting processes necessary to perform all jobs efficiently and with accountability. LPMS makes case management user-friendly through simple, logical design. It is not just a centralized incident management solution – it is a flexible tool designed to support your whole team’s success. The solution helps you keep your team in the loop on developments by generating correspondence as you move through the system.

  • ASPECT ELITE LP
    Aspect EliteLP uses powerful data-mining techniques to identify exceptions to normal point-of-sale activities, exposing possible employee theft, fraud, or training and operational deficiencies....

  • Aspect EliteLP™ helps retailers reduce risk and protect profits through data management, analytics, and theft prevention. This easy-to-use solution offers powerful reporting and timely alerts.

    Aspect EliteLP uses powerful data-mining techniques to identify exceptions to normal point-of-sale activities, exposing possible employee theft, fraud, or training and operational deficiencies. Through its vast reporting capabilities, it provides retailers with a return on investment in as little as six months.