Case Study: Midwest-Based Crane Company Recovers $131,000 in Fraudulent Charges with Redlist

Redlist Helps Recover $131,000 in Fraudulent Charges

A midwest-based crane company faced significant challenges with its paper-based system for managing maintenance and inventory. With no oversight for parts purchases, the process was time-consuming and provided no way to link costs to specific assets or work orders. This lack of visibility made it impossible to accurately track total asset costs, presenting a major operational challenge that Redlist's Enterprise Asset Management (EAM) software was brought in to solve.

By implementing Redlist, the company digitized its entire tracking process, linking part purchases directly to work orders and assets. This provided the data visibility needed for an inventory manager to analyze spending and uncover $131,000 in fraudulent charges by an employee over two years. With detailed reports from Redlist, the company fully recovered the losses from its insurance provider. Redlist’s real-time data and reporting now provide peace of mind that such theft will be prevented in the future.