Theale based Vigilant Applications has raised £200,000 and entered into discussions for a major fast food chain to use its new software product which enables retailers to manage employee behaviour. The product aims to cut down on internal threats to profit such as employee fraud and unintentional staff error.
When people talk about the biggest costs to businesses as being the staff, they traditionally talk about wage costs, taxes, paid holiday and the other up front costs of an employee, without considering the damage that fraudulant employees can cause through abusing promotions and discount codes, processing fraudulant refund transactions and the natural mistakes that come from human error.
Any ability to reduce this risk would be an excellent avenue for companies looking to improve their ability to generate profit, and companies with a large or growing workforce of relatively new employees should seriously consider whether they can afford to ignore the risks presented by fraudulent employees.
For more information on how Isis Business Brokers can present alternative growth strategies for businesses, please call 01865 784462