Profitect Launches Profit Amplification QuickInsight

WALTHAM, Mass., Sept. 27, 2012 /PRNewswire/ -- Profitect announced today the company has launched a cloud-based, agile version of its Profit Amplification Suite, and is currently engaging with top U.S. and international retailers as a result. The new product, known as QuickInsight, is a non-resource intensive offering, allowing retailers to use the Profit Amplification solution within as little as two weeks. QuickInsight, while remaining virtually IT independent, analyzes and interprets the large amount of existing data collected from the retail supply chain and enables retailers to quickly discover and actualize untapped growth and profit opportunities.

(Logo:  http://photos.prnewswire.com/prnh/20110712/NE33204LOGO)

With a rapid deployment time and intuitive user experience, QuickInsight is being deployed at retailers within the US and Europe.  QuickInsight uses retailers' available data and Profitect's Profit Amplification pattern-recognition software, enabling retailers to take a cross-functional view of where, when, and how profit and revenue leakage occurs.  Once the areas of opportunities are identified, the software provides retailers with simple, actionable tasks that maximize efficiency and sales as well as utilizing best practices to reduce risk areas for shrink and out of stock throughout the retail value chain.

"We launched QuickInsight so that retailers could quickly realize the value from the strong impact of our pattern recognition technology, and to better understand where profit opportunities exist in their organizations," said Guy Yehiav, CEO, Profitect. "Profit Amplification goes beyond the capabilities of general business intelligence solutions. It allows retailers to identify patterns of positive and negative root causes in their upstream retail supply chain or downstream in the field, prioritize them and provide best practice solutions."

For more information about Profitect's QuickInsight offering, please contact Francis Clark ([email protected]).

About Profitect
Profitect's profit amplification software enables retailers to quickly discover and actualize untapped growth and profit opportunities across the entire value chain.  Increased revenue and reduced costs are achieved by identifying opportunities with intelligent, prioritized actions across the entire retail organization, providing scalability, sustainability, and accountability.

Profitect's modular, non-disruptive solution pinpoints value chain margin leakage, inventory distortion, on shelf availability, shrink, waste, damage, process compliance, and operational risks.  Innovative pattern seeking technology identifies opportunities and delivers best practice solutions, impacting personnel, system, and process behaviors, enabling excellence in the ordinary.

SOURCE Profitect