Profitect

Profitect is the leading provider of prescriptive analytics that offer a suite of solutions to help retailers easily understand and act on their data. These actions replace traditional reporting to ensure improved sales and profitability. Instead of sending someone a report to analyze, just tell them the opportunity and prescribe the actions they should take.

Profitect’s Profit Amplification software, a pattern-seeking solution, enables retailers to quickly realize increased revenue and reduced costs across the entire retail supply chain. Retailers use multiple business technologies and sources to hold and view data.

Profitect is flexible and enables retailers to quickly pull together both structured and unstructured data into a cloud, closing the loop by creating visibility of the big picture as well as important details. Profitect’s proprietary transformation engine intelligently transforms data. The patented Product Suite serves it to employees at every skill level so it can be accessed anytime, anywhere; transforming it into real value with no IT involvement.

Profitect’s proprietary Product Suite automatically analyzes the data and finds behavior patterns hidden in the low level information details, so organizations can quickly identify ways to increase sales and margins.

Profitect resolves issues by using an integrated task management system, automatically sending out opportunities equipped with best practice solutions based on a company’s standard operating procedure to prompt immediate action. Additionally, Profitect integrates with a retailer’s existing task management to ensure there are no lapses in communication.

The Profitect solution calculates the return on investment (ROI) for every opportunity, continuously monitors, and measures the outcome to ensure constant improvement and resolution of issues leading to increased profits.

Profit Amplification pattern-seeking algorithms can “tell a story” by identifying the root cause of anomalies such as inventory distortion, on-shelf availability, shrink/waste/damage, or process non-compliance – helping retailers minimize the effort necessary to identify controllable factors which the solution translates into action. As a result, retailers can move quickly to prevent profit leakage at all levels of the organization, ultimately improving business processes and the top and bottom line.