With the third in a series of innovative product launches, OOCL Logistics has demonstrated its leadership in information technology and innovative solutions with the launch of Payment Audit, a unique product package offered to OOCL Logistics customers.

Payment Audit allows OOCL Logistics customers to save time and resources, is easy to use, and gives total visibility when checking the validity of their carrier bill.

With Payment Audit, customers pay only for the transportation services they have received, in compliance with their freight contract. They can check details on every field audited, said Allan Wong, CEO of OOCL Logistics. This unique product will also tell customers what has been validated and how it has been done, and is fully customized to their needs.

Key features of Payment Audit include:

• Customizable audit policy setting on audit items

• Zoom into the audit result to illustrate every un-matched charge item

• Visibility in the entire process, from invoice receipt, audit, discrepancy resolution, to payment

• Measurement of your carriers invoicing quality

• Invoice image, data storage and retrieval

• Supports payment audit for shipments managed by logistics providers other than OOCL Logistics

Mr Wong explained that OOCL Logistics? Payment Audit offers customers unique benefits, including:

• Full visibility in the audit process

• Zero capital investment

• Saved costs incurred by errors and duplications

• Increased accuracy

• Allows pre-audit and post audit functions

With rates set up in the Payment Audit system, you can repeatedly audit many invoices. Accuracy of auditing is higher, faster and more systematic than the manual process of your accountant, said Mr Wong. OOCL Logistics customers can get the big picture with details about which charge item has gone wrong, with an accurate calculated amount and explanation. They can also determine what kind of data should be verified and audited. With zero capital investment, our customers can enjoy full visibility in the audit process.

Source: transport weekly.com