Wipro introduces two new solutions--digital customer experience platform and loss prevention platform, to the retail industry to tap into the cloud computing market.
The global IT services business of Wipro has also formed an alliance with Oracle to launch the Oracle application integration architecture (AIA) process integration pack (PIP) for the retail industry.
This co-developed solution (AIA PIP) has been designed to address some of the key financial operation control processes for retail merchandising system such as inventory valuation and revenue recognition. The loss prevention platform gives retailers an integrated view across the entire shrink management lifecycle. This platform includes an analytics suite that leverages predictive modelling to aid retailers to prevent fraud. Once installed in retailers' systems, this platform will identify both internal and external theft, and help them see areas of shrink that previously went unnoticed.
Oracle AIA PIP integrates Oracle retail merchandise operations management and the Oracle e-business suite financials. This offers customers a pre-configured, supportable and upgradeable integration of the retail merchandising execution applications with the financial operation control applications.