Los Angeles, USA – Feb 28, 2018: Gift vouchers (GV) are essential part of the retail strategy. It incentivizes customer buying behavior, however, Voucher Frauds are restraining retailers from using this very effective marketing tool to its fullest. The graft consumes profit margins and became a nuisance for retailers to manage. Hence, it is necessitated the retailers to ensure that customers obtain and use valid vouchers only.
Upset with many retail employees indulging in the fraudulent redemption of vouchers meant for customers, Our client wanted to build a foolproof system that would help them to check all activities of voucher fraud.
LTS defined Gift Voucher Management Application, a solution for one of the biggest retail chain in Europe to the problem and that would help them to monitor and manage gift vouchers from generation to redemption.
Gift Voucher Management Application provides retailer, a means to streamline operations by integrating business processes into a single unit. It also automates the process of tracking Gift Vouchers by the head office. All outstanding vouchers can be managed from the one place, making sales, redemption and financial reporting simple. With the remedy provided by LTS, it became easy for the retailer to track the value of all outstanding vouchers and provides reports on sales and expiry dates.
Our client is a family-owned clothing and accessories company founded in Denmark in 1975 by Merete Bech Povlsen and Troels Holch Povlsen. They provide fast affordable fashion for women, men, teenagers, and children. Their products are available online, in branded chain stores, in multi-brand and department stores.
Set up in 2006, LTS is an incubator for IT start-ups/Entrepreneurs to help cultivate their ideas into successful innovations using its trademarked model BOMT and various IT solutions. The forte of LTS also lies in an efficient product development and services in cloud computing environment. Along with from these services, LTS offers consultancy services to companies that want to build cloud computing facilities within their organizations.