Marks & Spencer (M&S) has signed up to trial a new fraud, theft and shrink system across its entire store portfolio later in the year.   The deal is for Secure from Sysrepublic, providers of software products and consultancy services for the retail and hospitality sectors, to help tackle fraud, theft and shrink across the High Street retailer's store portfolio.

Marks & Spencer (M&S) has signed up to trial a new fraud, theft and shrink system across its entire store portfolio later in the year.

The deal is for Secure from Sysrepublic, providers of software products and consultancy services for the retail and hospitality sectors, to help tackle fraud, theft and shrink across the High Street retailer's store portfolio.

Darrell Stein, director of IT and logistics at Marks and Spencer said: "We selected the Sysrepublic Secure system to automatically analyse PoS [point-of-sale] data to detect fraud patterns. The Sysrepublic team were very flexible in assisting us with proving the business case for the project, running a two week trial to achieve this in 120 stores."

David West, Sysrepublic managing director added: "M&S selected Sysrepublic to implement our Secure system as we offered the best product and capability. Secure has provided M&S with a solution that can identify the immediate source of loss, built up over time, and build the information they need to initiate investigations. At a time when retailers are looking to reduce costs, Secure provides an ideal opportunity to return profit to the bottom line."

www.sysrepublic.com