Fort Myers, Florida – Global freight bill advisor and processor Data2Logistics announces the successful completion of the American Institute of certified Public Accountants’ Statement on Standards for Attestation Engagements Number 16 (SOC 1 - SSAE No. 16) Type 2 examination. The examination scope was for Data2Logistics freight bill audit and payment services, conducted by BrightLine CPAs & Associates, Inc. Superseding the SAS 70 audit standard in mid-2011, SSAE 16 is an attestation standard that establishes the requirements and guidance for reporting on controls at a service organization relevant to user entities’ internal control over financial reporting. The controls addressed in SSAE 16 are those that a service organization implements to prevent, or detect and correct, errors or omissions in the information it provides to user entities. By engaging an independent CPA to examine and report on a service organization’s controls, service organizations can respond to meet the needs of their user entities and obtain an objective evaluation of the effectiveness of controls that address operations and compliance, as well as financial reporting at those user entities.
“We’re committed to operating our data centers and facilities at a level that meets or exceeds the highest industry and regulatory standards,” stated Gerry Burns, President and Chief Executive Officer, Data2Logistics.
Data2Logistics assists Global 1000, Fortune 1000 and SMB companies to reduce their shipping costs by providing an outsourced opportunity to efficiently process, audit account code and pay their freight at a significantly lower cost than internal processes, while also identifying more carrier overcharges than internal systems. The company provides actionable information to better manage and control transportation cost, and supports clients with their carrier bid preparation, benchmarking, proposal analysis and negotiation for all modes on a global basis. As a single source of information, Data2Logistics seeks to identify opportunities for savings, report the reasons for variances, and determine and report variances in trends and opportunities to make in modal shifts, consolidate shipments, improve carrier utilization and adjust shipment size, as well as monitor accessorial cost, and costs per kilometre/mile. Reviewing over $15 billion worth of freight bills from thousands of carriers annually, the company offers a single-source solution for all modes of freight.