Freeing Returns (Accelerator)

Company Description: Freeing Returns helps retailers understand the data they have today and address modern retail loss instead of only focusing on fraud prevention. We help Retailers make better decisions and discover new paths to detecting and preventing Total Retail Loss due to fraud, shrink or operational inefficiencies. Our cloud-based, profit optimization platform focuses on the $700B+ issue of Total Retail Loss for Retailers. CNBC predicts that this issue will soon be in the TRILLIONS as retailers are being attacked by Organized Retail Crime (ORC) rings. Last year, Retailers spent over $10B dollars on software to help them manage the returns process, including the loss of the sale, reverse logistics and fraud/shrink. We expect this amount of spending to increase by 25% this year. These are the pain points we address for Retailers by giving their Loss Prevention and Asset Protection teams a platform that they can use to identify areas of Loss and Shrink, 50% faster than they do today. With our System Integration as a Service offering, we can also integrate the best in class Returns Management applications 40% faster over one-off System Integration projects.