Employee Fraud Detection

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.

Contact LJM for a Fraud Vulnerability Analysis
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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.

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.

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.
Consulting Services
Contract Negotiation

Our expert contract analysis, combined with unmatched benchmarking and forward-thinking long-term strategies ensure you successful rate negotiations.

TruCost Reporting

Gain insight, and overcome hidden costs, through our analysis of all accessorial fees that the Carriers may charge after delivery to verify final, accurate shipping costs.

Parcel Invoice Audits

Line-item auditing of every small parcel shipping invoice to expose mistakes, overcharges, and late deliveries in order to recover unwarranted costs.

Start Protecting Your Assets Today - Free Fraud Analysis 631.844.9500

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