Traditional trade documents processing involves a significant amount of documentation and manual handling of documents. The trade documents are country specific and have multiple formats of each document type. Processing digital copy of documents is time-consuming and costlier. The manual processing of trade documents involves multiple manual steps, such as data entry, verification, and coordination among different departments, this leads to time delays and increased processing time, impacting the overall efficiency of the trade process. Also, Manual data entry increases the risk of errors and inconsistencies in trade documents, resulting in compliance issues and potential financial losses. These errors may require additional time and resources to rectify, causing delays in the trade process and damaging customer relationships.

Therefore, digital transformation is crucial to address the challenges associated with processing of digital documents manually. By adopting auto processing of documents, businesses can significantly streamline processes involving documents. Trade finance involves documents like digital invoices, packing list, electronic bills of lading / airway bill, digital certificates of origin, certificate of insurance and many more documents. Going digital is necessary but extracting information from all digital documents may need manual interventions. Someone from operations or back-office team must read the documents, and manually feed the data in the information systems. Our trade document automation overcomes these challenges by processing your trade documents within minutes.