What made eleven Fortune 100 companies and the US Government want to work with us?
Our clients range from small enterprises to Fortune 100 companies and governments. Some of them have had as many as three other layers of audits done already, yet we consistently found the same three core issues:
Incorrect charges appearing correct
Due to the disruptive nature of ocean freight invoicing, erroneous payment records often appear legitimate when put through regular freight audits, resulting in significant revenue loss.
Years of unclaimed refunds and credits
Because the global statute of limitations for ocean freight is measured in years, not months, competitive audits don’t focus on historic invoicing or payments. A huge amount of refunds and credits aren’t returned to company accounts and remain in your vendor’s bank account.
Company data at risk
Every ocean freight transaction leaves an enormous digital footprint. Despite previous security and payment audits, we consistently found that each client's data was compromised in some fashion.
The budget leak freight audits haven’t plugged for decades
Over 20 years ago, Ocean Audit CEO Steve Ferreira was a senior manager at a leading ocean freight carrier. He was facing the same problem his colleagues are facing today: clients were complaining that ocean freight invoices were frequently incorrect and billed at rates that didn’t consistently match their contracts.
Steve knew that correcting the errors internally would overwhelm the company’s internal audit systems, but at the same time, doing nothing would jeopardize client relationships. Therefore, he was compelled to discover and resolve the underlying issues.
An inherently broken process slowly emerged
The ocean freight audit process is still broken, and it leaks company data.
Container shipping is no longer just the CFO’s concern. In the 21st century, it has to be the CISO’s concern as well.
Company data is also at risk: every ocean freight invoice issued has the potential to harm the supply chain.
100% of our clients to date have leaked sensitive information simply because other audits failed to grasp this issue.