We know you are looking for a solution to fight fraud and pilferage that’s why you are exploring how Retail ERP software in Kenya can be an effective choice. But before directly jumping to the main solution, let us first discuss the root cause.
Even today most of the business in Kenya relies on manual, traditional way of managing inventory, finances, suppliers, operations and other critical processes which exposes them to the frauds and pilferage. Employees diverting cash at the register, suppliers under delivering stock, logistics providers inflating invoices, fraudulent activities are deeply embedded in the industry which cost retailers millions annually. According to reports, in the first half of 2024 alone, 4.6% of all attempted digital transactions in Kenya were flagged as suspected digital fraud with the retail sector being one of the hardest hit.
Cash-based transactions which are very common in Kenya complicates fraud detection as there is no way to trace the transactions.
Now let us explore how the ERP system can help you to fight fraud and pilferage in Kenya.