VoTrak Inventory Technologies LLC

VoTrak Inventory Technologies is a software company that has integrated a voice recognition inventory system with scanning technology to deliver financial and item level audits for retail stores with proven and tested results that are 30% faster and 100% improvement in accuracy.
Retail companies are required to do physical or financial audits to provide accurate information about their inventory and to track loss prevention. The current way of recording this information is slow and often inaccurate. According to the Global Retail Theft Barometer, U.S. retailers record about $42 billion a year of shrinkage/loss through employee theft, shoplifting, administrative error, or vendor fraud.

VoTrak’s superior voice recognition and scanning technology reduces the probability of input/human error by allowing the auditor to verbally speak and scan items in the store which enables them to maintain constant visual contact with the inventory. When the auditor speaks into the microphone to record data, the information is compiled into real-time reports that track trends and point to major problems, ultimately helping to prevent future shrinkage/loss.