95% of Owed Refunds Are Currently Being Withheld

There are currently five billion dollars in ocean freight refunds sitting in vendor bank accounts due to the inefficiencies of the ocean freight marketplace. Recovering these funds is one of the most significant problems which Shippers face.

We have found a way to get this money returned to the Shipper in 96 hours, versus the typical 90 days.

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0% Sitting in Foreign Accounts

$5Billion In Shipper Profits

Shippers Challenge

Years of inaccurate and inconsistent ocean freight vendor invoicing combined with Shipper AP processes that treat the ocean freight payables event as it if were a truckload or small parcel payables event.

The Result

Retention of Shipper funds and loss of Shipper profits.
We have disrupted that process. This is what we do.

Disrupting the Broken Process for the World’s Largest Companies

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  0.25% of Ocean Spend Recovered in 96 hours

  Newly minted process for Volkswagen to take control of their own internal audit.

  0.25% of Ocean Spend Recovered in 96 hours Newly minted process for Volkswagen to take control of their own internal audit.

  Volkswagen

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  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.

    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 retu...

  Canon

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  $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.

    $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 chai...

  First Solar