Halo Announces Cloud-Based Retail Loss Prevention Application based on Behavioral Patterns

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Halo Cash Alert identifies patterns in point-of-sale cash takings that can be indicative of theft or misuse.

Halo, a leading provider of business application software, announced Halo Cash Alert Version 1.2, designed to help quickly identify patterns in point-of-sale cash takings that can be indicative of theft or misuse. Version 1.2 provides a simple workflow, analysis engine and visual reports via the cloud. Targeted for retailers with employees managing cash at point-of-sale, Halo Cash Alert can be accessed via desktop or mobile devices and is simple enough for any manager to sign-up and use.

Halo has made Halo Cash Alert completely cloud-ready and mobile-friendly, providing easy sign-up, data templates and sample projects. The application requires only a simple data file from one table in a point-of-sale system. In most cases, this kind of data can be extracted in minutes by a manager. The application then summarizes the data and creates comparisons across employees, time periods, and work shifts. Exceptions indicative of potential cash loss problems are highlighted for management action.

Key Features include:

Visual Cash Management – Halo Cash Alert features a unique approach to detecting potential problems in cash takings by examining behavioral patterns across employees. This can help managers to more quickly and easily determine if a problem may exist or is emerging. The newly designed interface is tailored to graphically represent comparative data.

Simple Data Upload – Halo Cash Alert requires only 10 data elements, uploaded in a simple, standard format extracted from any range of source applications. The data is highly secure using SAML-2 security standards and users may choose to eliminate any personally identifying information.

Joseph Tan, VP of SaaS Products and Technology at Halo, commented, "Halo Cash Alert is a simple way to address a very specific paint point for most retailers – loss at the cash register. Our customer research indicates that a simple technology solution would be ideal to identify, quantify and locate loss problems as they emerge. Halo is an ideal platform for this specific problem."

About Halo

Halo delivers supply chain intelligence solutions to hundreds of enterprise customers and service provider partners in North America, Europe, and the Asia-Pacific. Our Customer-driven SIOP™ platform radically simplifies information management and operational analytics, enabling organizations to build more competitive supply chains. Halo replaces the complexity of siloed data sources and disparate applications with a single-purpose platform that lets firms analyze, decide and plan faster than ever before. Halo is headquartered in San Diego, California, and can be reached via the web (http://www.halobi.com), Twitter (@Halo_BI) or email at info(at)halobi(dot)com.

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Daniel Bachar
@Halo_BI
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