Minimize one of your organization’s most expensive liabilities!

Asset misappropriation by employees traditionally occurs in the procurement, payment and expense areas. But in the world of warehousing, shipping, and logistics, the fraud may be in the form of misuse of the corporate parcel carrier account.

Did You Know?

One of the most common kinds of shipping fraud involves the creation and use of contrived addresses for stealing merchandise, enabling employees to divert inventory at will.

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FRAUD VULNERABILITY ANALYSIS

Why Implement a Customized Fraud Detection Tool?

  • The typical organization loses 5% of its annual revenue each year to employee fraud.
  • Fraudulent activities last 18 months on average before being detected.
  • Preventing fraud is much less debilitating than recovering your losses after the fact.
  • Asset misappropriation makes up 90% of all fraud cases studied, and may be in the form of schemes in which an employee steals or exploits its organization’s resources.

INTRODUCING PERPETUAL AUDIT INTELLIGENCE

LJM offers a series of data-analysis programs that mitigate employee fraud relating to inventory and shipping abuse. This is the layer of detection you need to protect your assets and to prevent most types of shipping fraud before it can occur.

Proactive Monitoring

The implementation of intelligent data-monitoring tools is the greatest fraud-prevention tool available to protect your business.

Eliminate Manual Audits

The LJM tool will do it all, replacing scheduled or spontaneous audits with automated analysis that uncovers suspicious transactions and conduct.

Prevent & Simplify

By examining your shipping patterns with continuous systems that are driven by data analysis, it’s possible to identify a wide range of employee fraud schemes.

Employee theft is paradoxically more tempting when an organization uses complex inventory reporting tools, because they are difficult to closely monitor. Detecting suspicious patterns in your data is an efficient way to reduce opportunities for theft at a strategic point in your supply chain.

START PROTECTING YOUR ASSETS TODAY