Safeguarding Your Shipments: Denim's Insights on Fraud, Payments, and Carrier Vetting with Chad Capooth

In “Safeguarding Your Shipments: Denim's Insights on Fraud, Payments, and Carrier Vetting”, Joe Lynch and Chad Capooth, VP of Operations at Denim, discuss the evolving landscape of freight fraud, payment challenges, and how Denim provides comprehensive solutions to ensure financial and operational security for freight businesses.

About Chad Capooth

Chad Capooth is the VP of Operations at Denim. He brings over 15 years of experience in strategic planning, business growth, and operations leadership. At Denim, he leads operational strategy, leveraging deep expertise in factoring, credit underwriting, and portfolio management to deliver efficient, tech-enabled solutions. Previously, as COO at eCommerce Financing LLC, Chad helped launch innovative products like Revenue Loans and Quick Pay Loans. At Transfac Capital, he advanced operational performance through technology-driven underwriting and automated invoice processing. Chad’s earlier roles at Unlimited Working Capital and Enoble Business Capital (formerly National Bankers Trust) cemented his reputation as a leader in financial services innovation.

About Denim

Denim is a trusted freight factoring partner dedicated to advancing the supply chain by accelerating the flow of money and data. Denim provides quick access to working capital, along with flexible factoring solutions to easily manage financing options and automate back-office operations. Acting as a true partner and an extension of your team, Denim saves you time and money while providing the opportunity to focus on retaining and attracting new customers.

Key Takeaways: Safeguarding Your Shipments: Denim's Insights on Fraud, Payments, and Carrier Vetting

• In "Safeguarding Your Shipments: Denim's Insights on Fraud, Payments, and Carrier Vetting," Joe Lynch and Chad Capooth, VP of Operations at Denim, break down the evolving landscape of freight fraud, discuss current payment challenges, and explore how Denim offers comprehensive solutions for financial and operational security in the freight industry.
• The Evolving Threat of Freight Fraud, Amplified by AI: The discussion underscored the increasing sophistication of freight fraud, with malicious actors leveraging AI. This highlights the growing challenge in securing shipments and maintaining financial integrity within the logistics sector.
• Navigating Current Challenges in Over-the-Road Transportation: The interview addressed the prevailing difficulties in the over-the-road transportation space, noting a decline in volumes and compressed margins. This context is crucial for understanding the heightened importance of efficient financial management.
• The Squeeze on Cash Flow: When shippers delay payments, it puts a real squeeze on cash flow for freight businesses, impacting their operational liquidity. Denim highlighted this challenge, revealing that the receivables they factor average 55 Days Sales Outstanding (DSO). This extended waiting period for earned revenue underscores a significant industry hurdle.
• Denim's Role in Expediting Payments and Optimizing Cash Flow: The interview emphasized Denim's core value proposition: providing rapid access to working capital through flexible factoring solutions. This directly mitigates the impact of delayed payments, ensuring businesses maintain healthy cash flow.
• Strategic Alliances for Robust Fraud Prevention: A key insight was Denim's proactive approach to combating fraud through strategic partnerships. The discussion highlighted collaborations with leading freight fraud prevention technology companies, including FreightValidate, Carrier Assure, Highway, and Descartes MyCarrierPortal, demonstrating a comprehensive, multi-layered defense strategy.
• Leveraging Technology for Enhanced Carrier Vetting and Risk Mitigation: The interview detailed how these technological partnerships facilitate advanced carrier vetting, which is instrumental in preventing Denim's clie