Angeloni Selects Triversity's FraudWatch as Its Loss Prevention Solution.Business Editors/High-Tech Writers TORONTO--(BUSINESS WIRE)--May 12, 2003 Triversity Inc., a leader in customer-centric software and services for the retail industry, today announced that Brazilian-based Angeloni Supermarkets has selected Triversity's FraudWatch(tm) as its Loss Prevention solution. The Angeloni implementation marks the first entrance of Triversity's solutions into the Brazilian market. After a 60-day pilot, Angeloni went live with FraudWatch in all 25 stores throughout the states of Santa Catarina Santa Catarina (sän`tə kətərē`nə), state (1996 pop. 4,865,090), 37,060 sq mi (95,985 sq km), S Brazil. The capital is Florianópolis. and Parana in Southern Brazil. Angeloni's FraudWatch solution is hosted by Triversity via an ASP asp, popular name for several species of viper, one of which, the European asp (Vipera aspis), is native to S Europe. It is also a name for the Egyptian cobra (Naja haja). (Application Service Provider). FraudWatch is the only Web-based Loss Prevention solution that requires no software installation prior to use and is delivered via an ASP model offering users up-to-the-minute information anytime, from any location via an Internet browser See Web browser. . Angeloni Supermarkets sought a Loss Prevention solution that would not only provide protection from the growing problem of employee fraud, but that could be seamlessly translated from English to Portuguese. Angeloni turned to Triversity reseller An organization that sells hardware and software to the general public. Resellers purchase products from software publishers and hardware manufacturers. Zanthus, who introduced Angeloni to the web-based solution. "We required a solution that could be customized for the Brazilian market, and FraudWatch offered Angeloni that flexibility," said Clementino Bolan Filho, Director of Finance for Angeloni Supermarkets. "For the first time, we are able to monitor and detect possible fraud in our stores, and we are seeing positive results because of FraudWatch." "Angeloni is leading the way for other Brazilian retailers who seek solutions to combat the growing problem of inventory shrinkage Shrinkage The amount by which inventory on hand is shorter than the amount of inventory recorded. Notes: The missing inventory could be due to theft, damage, or book keeping errors. ," said David Thomas, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Triversity. "This is Triversity's first implementation in Brazil and we are pleased to be extending Triversity's customer-centric solutions into the Brazilian market." About Angeloni Angeloni is a Brazilian based retailer with supermarkets, drugstores and gas stations located within the states of Santa Catarina and Parana in Southern Brazil. Angeloni is the 11th largest supermarket in Brazil with 5,300 employees. Angeloni's constant improvement in its operational system, staff professionalism and quality of products has made the retailer a nine-time winner of the "Top of Mind" award in Brazil. For more information, please visit www.angeloni.com.br. About Triversity Inc. Triversity is a leading global provider of customer-centric solutions for the retail industry, providing market-leading solutions for Point-of-Sale/Point-of-Interaction (POS/POI), Loss Prevention, Retail CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. , and improved operational efficiencies. Triversity's solutions give retailers the capability to offer a consistent shopping experience across all channels enabling them to effectively manage the customer lifecycle on a one-to-one basis. Triversity is a single source for empowering retailers to extend existing traditional transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. to multiple points of interaction, including the Internet, kiosks and wireless devices. Triversity's retail solutions are installed in over 500 retailers in 32 countries, processing billions of transactions a year. Triversity is headquartered in Toronto, with U.S. headquarters located in Philadelphia. Triversity Asia Pacific Ltd. is headquartered in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. . For more information, please visit http://www.triversity.com. |
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