Ocean Audit Disrupts Your Revenue Loss Before Our First Phone Call.
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 2019 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' inefficiencies 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 uses machine learning and artificial intelligence to identify a refund amount due to your company, before our first phone call. 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 transaction based auditors or "catch-all" freight auditors who lack the domain expertise to navigate all aspects of your recovery.
In 2019, 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 – I get you 2x-10x the amount of your own organic 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, I identify and validate recovered vendor refunds - without exchanging any Client data
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 with no initial data required
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
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.