accounting

Freight Invoice Audits and Why They Matter

Managing freight costs is one of the most critical aspects of running a trucking business. Ensuring that invoices are accurate with rising fuel prices, fluctuating rates, and complex carrier agreements is essential for financial stability. Unfortunately, billing errors, duplicate charges, misclassified freight, and unexpected fees are all too common in logistics. That’s where freight invoice audits come into play.

A freight invoice audit reviews, verifies, and corrects freight invoices to ensure...

https://www.freightwaves.com/news/freight-invoice-audits-and-why-they-matter

Upwell secures $6.5M to automate logistics billing practices

Payment automation platform Upwell announced Monday it has secured a $6.5 million seed funding round led by Vertical Venture Partners with participation from Plug and Play Ventures, Black Dog Ventures, Neverlift Ventures, Automotive Ventures, and previous investors NVP, SaaS Ventures, Rise of the Rest, Invest Nebraska and Motivate Ventures. The company has raised $10 million since 2023.

“Our mission at Upwell is to modernize and simplify financial operations for logistics companies,

an industry...

https://www.freightwaves.com/news/upwell-secures-6-5m-to-automate-logistics-billing-practices

Upwell asegura $ 6.5 millones para automatizar las prácticas de facturación de logística

La plataforma de automatización de pagos Upwell anunció el lunes que ha asegurado una ronda de fondos semillas de $ 6.5 millones dirigida por vertical Venture Partners con la participación de Plug and Play Ventures, Black Dog Ventures, NeverLift Ventures, Automotive Ventures e Investores anteriores...

https://fullavantenews.com/upwell-asegura-6-5-millones-para-automatizar-las-practicas-de-facturacion-de-logistica/?lang=es

Macy’s says lone worker hid up to $154M in delivery expenses since 2021

Department store retailer Macy’s, Inc., (NYSE: M) stated on Monday that an employee hid up to $154 million through intentional accounting errors since 2021.

In its preliminary third quarter 2024 results, the company reported it recently identified an issue related to delivery expenses on one of its accrual accounts. After starting an independent investigation and forensic analysis, the company identified one employee who was responsible for small package delivery expense accounting accrual...

https://www.freightwaves.com/news/macys-says-lone-worker-hid-up-to-154m-in-delivery-expenses-since-2021

Supply chain radar: Expeditors answers your questions. We translate, but you can thank the SEC

Securities and Exchange Commission (SEC) filings are necessary, if tedious, documents.
So much so that I’ve been known to dig out a 10K when I’m having trouble sleeping at night. Beats counting sheep.
The latest 8K from Expeditors International of Washington (EXPD) is a run down of the answers it has provided to various questions it’s received in the month since it revealed solid third-quarter figures – our news coverage here and Premium analysis …

The post Supply chain radar: Expeditors answers...

https://theloadstar.com/supply-chain-radar-expeditors-answers-your-questions-we-translate-but-you-can-thank-the-sec/

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