Fact: 50% of Invoice Errors Remain Unidentified – Collect Your Money Now!

As a Chief Financial Officer or Finance Professional, you understand balance sheets, calculation errors and quarterly reports. A big part of your job entails trying to find lost money or ways to save, whether its in operations, human resources, sales and marketing or research and development. It’s easy to find the transparent issues – overpayments to suppliers, corporate credit card billing problems, etc.

But what about the ones that aren’t as easy – like shipping errors? How would you know there was a problem? If you face a complex billing process, it’s even more difficult. For those shippers that use an ocean carrier, customs house broker, freight forwarder, third party logistics provider, or any combination of these vendors, it can be a nightmare.

Considerations for CFO’s and Finance Professionals 

• Your freight and logistics personnel, who are tasked with “auditing” may not realize the depth of the refund issue or error types – which often “daisy chain” themselves to create complex refund scenarios.
• We uncover financial discrepancies before they become a problem
• We can recover funds from paid invoices up to 3 years old
• Value is created with the ocean freight invoice control, amounts recovered vary based on:
  • Scale or volume of payments made (number of containers, number of vendors)
  • Complexity of the terms of the freight contract and how, if and when other supply chain vendors follow it or access it
  • Your motivation to recover over payments

OFR Makes It Simple

In addition, OFR uses proprietary technology to merge three years of your ocean freight invoice records and your rate agreements to determine the invoice accuracy of a specific shipment.

OFR's model standardizes the review of ocean freight invoices and compares and corrects any rate discrepancy against correct rate agreements. The result is a cash refund from the service provider. You shouldn’t be concerned whether you have access to detailed historical data.

Ocean Freight Refunds – We are the Container Freight Charge Specialists, partnering with Finance Professionals for guaranteed refunds.

Contact us today!