LOUISVILLE, Colo., March 7, 2011 /PRNewswire/ -- Envysion®, Inc., (www.envysion.com) the leading Managed Video as a Service (MVaaS) provider, today announced that OTAC, Inc. has selected Envysion as its exclusive video provider and is deploying the company's Envysion Insight solution to all existing locations. OTAC, an operator of 21 franchised Hardee's® locations throughout Maryland and Delaware, will use Envysion's point of sale (POS) integrated managed video to support loss prevention, improve operations and drive bottom line profit improvements.
Leveraging Envysion's comprehensive MVaaS platform, OTAC operators are able to track a variety of operational data points that have an impact on profit. For instance using Envysion's motion mask feature, OTAC was able to identify several employees violating cash handling and safety and security procedures. Using Envysion's robust exception reporting capabilities, OTAC operators can also easily pinpoint potentially fraudulent transactions such as voids and discounts. Initial use has identified several incidents of suspicious activity. Within a month of use, OTAC operators identified a pattern of employee discounts given at the drive-thru, which is a policy violation.
"We evaluated several video providers and even considered purchasing a system outright. None of them provided the ROI or financial impact to our bottom line like Envysion's solution does," said Fred Mattes, director of physical facilities for OTAC. "With Envysion Insight we have already identified and curtailed several incidents of fraudulent transactions and procedure violations that were costing us money."
Envysion Insight goes beyond traditional security and loss prevention applications by integrating managed video surveillance with point of sale (POS) systems. In addition to the customary benefits of video surveillance – increased security and reduced loss from vandalism, theft and unfounded liability claims – Envysion Insight automatically tracks potentially fraudulent transactions such as voids, returns, discounts and coupons.
"We are excited to partner with OTAC as their video surveillance provider," said Matt Steinfort, president and CEO of Envysion. "OTAC is consistently recognized as an outstanding franchisee among the Hardee's® community. Envysion Insight will give them an unfiltered view into their business and actionable insights that will help them maintain this distinction."
Envysion puts the power of video into the hands of a multi-unit operator's entire organization, enabling users to easily leverage remote video to gain actionable business insights that will improve operations and deliver demonstrated 10-15% profitability improvements. The company created the Managed Video as a Service (MVaaS) model, which brings the Software as a Service (SaaS) approach to video. Envysion's highly scalable and easy to manage MVaaS platform reaches across departments to 1000s of users without straining the IT department or network. Through Envysion's Insight Marketplace, the innovative business solutions marketplace that leverages managed video, customers can select from a variety of approved partners who deliver specialized services. Today, Envysion's solutions are driving bottom line profitability improvements with leading restaurant, retail, hospitality and convenience store operators throughout North America. For more information, visit www.envysion.com or call 877.258.9441.