ITS Traffic Blog

As the fiscal year winds down, the accuracy of freight accruals can make or break the credibility of a company’s financial close. Freight spending is often one of the largest variable expenses in the supply chain, yet many finance teams find themselves in a rush to reconcile late invoices, open shipments, and unresolved disputes weeks after closing the books.  

During a routine audit for a large Fortune 100 client, our proprietary audit software flagged a series of suspicious freight charges. What initially appeared to be irregular billing turned out to be a case of identity misuse—resulting in more than $1 million in fraudulent charges.

A routine freight invoice audit uncovered more than $68,000 in fraudulent charges submitted by a transportation carrier. Our proprietary audit software flagged the suspicious duplicate billing activity, and our team quickly verified the findings.