According to the EY 2016 Global Forensic Data Analytics Survey, 77 percent of respondents use forensic data analytics to combat internal fraud, which includes travel and entertainment abuse, collusions, and other fraud committed by an insider.
Shipping companies transporting coal, iron ore and other commodities are urgently seeking ways to conserve cash and withstand the worst market downturn on record as too many ships chase shrinking business.
For more than 60 years, freight and parcel shippers have used service companies to audit their shipping invoices and to make accurate payments to their carriers. However, due to the desire to maintain control of the process, some shippers would rather not outsource this function. In recent years, some audit and payment providers have developed software tools that allow shippers to bring these controls in-house.