Following its 2019 Queen’s Award for Enterprise in the Innovation category, which it won last year for the Metro Analytic Retail System (M.A.R.S), Metro Security has now been shortlisted for the FSB ‘Celebrating Small Business Awards’ London final.
As a 2020 Area Finalist, Metro’s M.A.R.S system has been successful in the Federation of Small Businesses’ Business & Product Innovation Award category. “This award is where bold, new business models and innovative products delivering dramatic results can shine”, the organisers state.
FSB’s judges were looking for businesses “which either offer a ground-breaking product or service, or that are using an exciting new approach to improve or disrupt a traditional market”.
Developed in-house by Metro Security, M.A.R.S is a software analytics-based system that combines significant loss prevention capabilities along with a range of complementary retail management, operational, marketing and staff training tools.
The multi-functional M.A.R.S system uses innovative digital technology to provide retailers with a demonstrably effective and – importantly – a cost-efficient, value-added way to improve their increasingly pressured bottom-line profitability. In today’s online era the retail environment for physical stores is an intensifying challenge.
Faced with tough trading conditions on the High St, many retailers simply do not have the budgets to pay for systems that address security risks alone. M.A.R.S provides the ideal solution to this dilemma, while also helping to pay for itself.
The M.A.R.S system has enabled High Street retailer Sports Direct to reduce its annual shrinkage losses by 70% and its audit costs by 65%, protecting important bottom-line finances against both customer and staff-related theft.
