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PRESS RELEASE

Retail Pro Announces Strategic Business Alliance with HRVision Ltd.

Folsom, CA--August 29, 2011– Retail Pro International, LLC, a global leader in Point of Sale (POS), Store Operations, Merchandising, Planning, Business Intelligence, and Payment Processing software applications for the specialty retail industry, is pleased to announce a strategic alliance with HRVision Ltd.,  an innovative next generation employee assessment solutions provider. Headquartered in Israel, and known around the globe for their highly predictive tools in the field of employee assessment, HRVision will be complementing Retail Pro's current product suite with their highly accurate cost effective, retail recruiting solutions.

"Even though the economy started recovering last year", comments Mike Bishop, Vice President Business and Partner Development, Retail Pro International, LLC.,  “according to the NRF Global Retail Theft Barometer 2010 report, shrinkage actually rose in 2010. In fact, in the US, Canada, and Australia employee theft was estimated to be greater than shoplifting losses -- accounting for 35.3% of all shrinkage, or $37.8 billion.  Bishop continued, "In the retail segment where loss prevention is crucial to financial viability, Retail Pro International, LLC. recognizes the need to offer our merchants and customers new recruiting technologies that can effectively address the 'integrity in the workplace'  issue."

SavvyIntegrity is HRVision’s SaaS tool for the recruiting or loss-prevention division of an organization. It has high sensitivity to theft and fraud and lets recruiters identify potentially dishonest candidates before they become employees. Unlike existing assessment tools (i.e., interviews, references, pen and paper tests) that are not able to elicit precise scoring of integrity levels in the pre-screening process, or that are extremely invasive and can only be used post-event (i.e., polygraph, CCTV), SavvyIntegrity is a highly accurate and non-invasive tool to recognize persons with a propensity to invite losses and damage to organization by their nature and activities.

Utilizing proven and patented technology, the SavvyIntegrity system extends recruiters' ability to immediately identify the level of integrity of candidates. Based on sophisticated algorithmic scoring plus advanced response and tracking measurement, this non-biased, user-friendly testing solution enables the recruiter in overcoming the limits of human intelligence in discerning a lack of integrity on the part of candidates. 

”Retail Pro has a history of proffering its customers and business partners products that solve real-world retail challenges, and represent the best-of-breed technology,” said Kerry Lemos, CEO of Retail Pro International,  “and, as comprehensive solution providers, we are pleased to partner with a company  making new inroads in loss prevention technology.”

Ami Rosenblat, CEO HRVision adds, "Retail Pro customers can now choose to just as accurately screen their potential candidates without the cost and complexity associated with lengthy intensive screening. The 20 minute web based test can be a game changer for retailers, who are hard pressed to stem the critical losses incurred by dishonest employees. "

 

About Retail Pro

Retail Pro International, LLC is a global leader in Point of Sale, Store Operations, Merchandising, Planning, Business Intelligence, and Payment Processing software applications for the specialty retail industry. For over 20 years, Retail Pro has enabled specialty retailers to achieve their full potential through a unique, scalable, reliable, and highly customizable retail management solution. 

Today, Retail Pro is used by more than 40,000 retail stores globally in markets such as fashion, luggage, footwear, collectibles, gifts, home furnishings, sporting goods, and accessories. With unparalleled functionality, flexibility and ease-of-use, Retail Pro has established itself as a trusted solution for today's specialty retailers worldwide.

Retail Pro is delivered through a global network of business partners to over 63 countries, translated in 18 languages.
For more information, please visit www.retailpro.com.

About HRVision

Established in 1997, HRVision, is a leading provider of highly sophisticated employee assessment solutions software for organizations seeking a highly accurate and cost effective recruitment solutions suitable to the workplace environment and its diversity demands.

Seeking to address key challenges faced by organizations to perform cost effective but highly qualified mass recruitment, HRVision has created suite of empiric employee assessment software solutions (Savvy Recruiter, SavvyIntegrity, SavvyExpert, SavvyCompetencies) that revolutionizes the way recruitment is done. Empowered by this breakthrough technology that hit the market in 2005, the HRVision solution has since proven its ability to significantly improve performance and reduce turnover for organizations worldwide.

Headquartered in Israel, HRVision has sold over 500,000 SavvyRecruiter Assessment and Integrity software tests worldwide, with sales channels in Brazil, UK, Holland, South Africa and Israel, and Mexico. Available in 9 languages, HRVision's fully integrated, internet-based system utilizes sophisticated technology on a user friendly, multimedia testing and reporting platform making it the most advanced employee assessment system in the world

For more information please visit: www.hrvision.com

 

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Media Contact:

Alexandra Frith

Retail Pro International, LLC

916-605-7210

afrith@retailpro.com


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128

Countries

9000

Customers

54000

Stores

159000

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128

Countries

9000

Customers

54000

Stores

159000

Points of Sale