Redwood Shores, Calif.—Jun 12, 2018
Today Oracle announced enhancements to Oracle Retail XBRi Loss Prevention Cloud Service that help retailers quickly identify and investigate fraudulent activities across store and online transactions. With embedded science, Oracle Retail XBRi can detect new data anomalies and alert loss prevention analysts to potential risks and drive quick resolution by providing the transactional insight needed to investigate. The Oracle Retail XBRi enhancements also include embedded science developed over 20 years of research and development in retail including more than 4,000 reporting metrics and attributes representing experiences and best practices of global retailers.
“The opportunity for retail theft grows as retailers reach to meet customer expectations and struggle to manage individual channels of engagement,” said Jeff Warren, vice president, Oracle Retail. “The updates to Oracle Retail XBRi provide customers with the tools to protect their margins and is another example of the continued value we aim to deliver through cloud services.”
“This new generation of cloud services accelerates the path to ROI within months of deployment,” said Chris Sarne, senior director of omnichannel strategy, Oracle Retail. “The result is a smart, holistic approach to preventing fraud and saving money that scales to grow with your business.”
Oracle will continue to add new knowledge from the Oracle Retail customer community to combat new patterns of fraud that emerge in the complex omnichannel retail environment.
Oracle provides retailers with a complete, open, and integrated suite of best-of-breed business applications, cloud services, and hardware that are engineered to work together and empower commerce. Leading fashion, grocery, and specialty retailers use Oracle solutions to anticipate market changes, simplify operations and inspire authentic brand interactions. For more information, visit our website at www.oracle.com/retail.
The Oracle Cloud delivers hundreds of SaaS applications and enterprise-class PaaS and IaaS services to customers in more than 195 countries and territories while processing 55 billion transactions a day. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.
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