|Auxofox combines demographic and retail data to predict the risk of inventory loss within the stores of large-scale retailers. Predicting risk allows retailers to proactively allocate resources, to new and existing stores, in environments that are constantly changing. In addition, loss prevention employees, across the corporation, can access AuxoFox data and insights through a transparent user interface. Within AuxoFox’s user interface, customers will be provided with a line item for each of their stores which displays the risk score associated with that store, description of why our model predicted that risk score, and how loss prevention resources should be allocated. These features are attractive to large scale retailers because the current system rely heavily on reactive data that is not consolidated and can be difficult to access by employees from all levels of the company.
Once retailers have subscribed to the service, they provide Auxofox with their inventory and store location data that we input into our system. Then we consolidate the insights into an easy to digest user interface where our customers will be provided with a line item for each store they have that displays the risk score associated with that store, description of why our model predicted that risk score and how Loss Prevention resources should be allocated.
AuxoFox will provide services through a tiered subscription model where clients ca sign up, provide data, and pay for our service on a monthly basis. Customers will be able to purchase service subscriptions through a combination of pricing strategies such as by user, by enterprise, by site, and, by usage.