We Have Disrupted The Process Of Shipper Revenue Loss. This is What We Do.

Container shipping is a relatively young enterprise. The first true containership service did not even begin until 1968. Today, the number of vendors offering ocean freight services exceed 5,000. Each of those vendors has inconsistent models in the application and control of their ocean freight invoices. In fact, in 2017 the issuance of incorrect invoices (combined with a broken process where Shippers are left on their own to navigate refund recovery) is currently higher than ever. Even when Shippers discover and dispute invoicing errors on their own, in the vast majority of cases, they fail to obtain the justified refund due to vendors' ineffciencies and lack of incentive to complete the refund transaction. In today’s container shipping environment, recovering a refund drains more Shipper resources than ever before.  Ocean Audit has the expertise and strong, global connections with your ocean freight vendors to navigate the refund process and advocate for a successful resolution favoring the Shipper.  Ocean Audit utilizes its expertise on a contingency only basis, so you can have the world’s leading expert complete your ocean freight refunds without the need for expensive consultants of generic freight auditors who lack the expertise to navigate all aspects of your recovery.

 

In 2017, ocean freight invoice errors are BCO’s number 1 issue after service failures – Service failures get 90% of the attention, invoice issues and dispute management – not so much – We double your refunds.

Years of inaccurate ocean freight invoicing

Up to 9 years’ worth of refunds reclaimed back to your treasury

CFO’s looking for more value from their supply chain

Bringing together finance and logistics teams to map a

self-service recovery model for future ocean freight invoices

Technical ocean invoice disputes in real time and historic

Solutions generated in under 1 hour

Fragmented invoice process with over 5,000 vendors

Customized and clean solution for resolving disparate

invoice recoveries in 96 hours

Dispute management of incorrect invoices

Getting paid by vendors is never easy. We use our senior

level industry connections to bring a professional resolution

favoring our client

 

 

Case Studies

 

 

0.25% of ocean spend recovered in 96 hours. Newly minted process for Volkswagen to take control of their own internal audit.

 

$417,441 Recovered In 96 Hours. Refunds were from invoices aged 2 full years. Without Ocean Audit’s solution, this refund would have expired with no value. First Solar is now utilizing this refund to support its supply chain initiatives.

 

Instantaneous refunds exceeding $200,000 completed and confirmed by ocean vendor within 1 week from commencing the engagement. Money was recovered using a prototype process developed by ocean audit to make the identification and return of the funds much easier on the part of the ocean freight vendors.