DVS Launches StoreVision For Indian Retailers

A software solutions provider, DVS has launched Store-Ctrl a digital video auditing and surveillance system to stimulate retail operations. The software is known to help retailers in loss prevention, operations, risk management and merchandising.

The Store-Ctrl solution combines technology in software development and DVR/video compression hardware with over 30 years of domain expertise in retail transaction auditing. This new solution is based entirely on open standards and takes advantage of DVR hardware (rather than proprietary hardware). The Store-Ctrl system allows management to more efficiently supervise POS activity and to identify and reduce shrinkage due to theft, poor training, cashier errors, etc.

Internationally, retailers using the solution have experienced a consistent and persistent reduction in total shrinkage of at least 0.7 % of sales, a direct net profit improvement.

StoreVision helps in:

• Synchronized video and data with anytime, anywhere access to 24x7 image recording

• Good granularity of images and data, providing point and click access to images of individual receipt items

• Real-time transaction processing engine providing instant access to individual items and messages on a real-time basis

• Powerful data-mining software with integrated reporting capability including data, images and auditors comments

• Distributed access across an Intranet of the Internet

Internal shrinkage is a growing challenge for retailers, now accounting for 55- 60 % of the total shrinkage. According to the company fully integrating transaction data and CCTV video images, the StoreVision solution successfully filters out all “high-risk” transactions, allows for quick review and identification of transaction shrinkage, and reporting to retail management. The StoreVision solution has been proven in various retail formats, including pharmacies, convenience stores, supermarkets, hypermarkets, specialty stores, and department stores.