Oracle Retail XBRi updated to detect fraudulent activities

Global technology major Oracle Retail has upgraded its XBRi Loss Prevention Cloud Service to allow retailers to identify and investigate fraudulent activities across store and online transactions.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:

Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time

Don’t miss out on key market insights that can help optimize your next investment – read the report now.

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Oracle Retail vice-president Jeff Warren said: “The opportunity for retail theft grows as retailers reach to meet customer expectations and struggle to manage individual channels of engagement.

“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.”

Leveraging iterative cloud updates, the XBRi Loss Prevention Cloud Service offers cost reduction in installation, set up and maintenance of solutions.

It identifies anomalous behaviour and potential cases through embedded science, while helping store managers in training associates to detect and avoid potential loss.

“This new generation of cloud services accelerates the path to ROI within months of deployment.”

Interface of the platform enables analysts to configure reports tailored to the needs of omnichannel brands without any additional costs.

Oracle Retail omnichannel strategy senior director Chris Sarne said: “This new generation of cloud services accelerates the path to ROI within months of deployment.

“The result is a smart, holistic approach to preventing fraud and saving money that scales to grow with your business.”

XBRi will also be integrated with the company’s Xstore Point-of-Service to identify sources of risk and deliver purpose-built reports to support investigative activities.

Free Report

Walmart: Going Beyond Company Disclosures

Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time

Don’t miss out on key market insights that can help optimize your next investment – read the report now.

By GlobalData