OOCL Logistics Launches Payment Audit

OOCL Logistics, a wholly-owned subsidiary of Orient Overseas (International) Ltd., launched Payment Audit, the third in a series of supply chain management software packages.

Payment Audit gives the company’s customers visibility when checking the validity of their carrier bill.

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
-- 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 Allan Wong, CEO of OOCL Logistics. “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.”