LTS Helps Leading Retailer to curb frauds

Home Press Release LTS Helps Leading Retailer to curb frauds

Los Angeles, USA – May 21, 2019: Today, gift vouchers (GV) are helping retailers to get more business and consumers to purchase many things on attractive discounts by presenting attractive offers. They also encourage customers to shop online. They help retailers to attain the objectives that include brand awareness, customer loyalty and access to new market opportunities. Hence, it is necessary for retailers to ensure that customers can obtain and use these vouchers easily.

This is what our client wanted to do. Upset with many retail employees indulging in fraudulent redemption of vouchers meant for customers, they needed a foolproof system that would help them to check all activities of fraud by corrupt employees.

LTS presented Gift Voucher Management Application as a solution to client‘s problem 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.

About Client:

Our client is a family-owned clothing and accessories company founded in Denmark in 1975 by Merete Bech Povlsen and Troels Holch Povlsen. We provide fast affordable fashion for women, men, teenagers and children. Our products are available online, in branded chain stores, in multi-brand and department stores.

About LTS:

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 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.

For further information on LTS, please visit:

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