Automated document flow for cross-border trade.
The value locked in global supply chains is accompanied by extensive paperwork. In modern globalized businesses, numerous financial instruments and products are involved in every supply chain. These documents are an important facilitator of international commerce and trade, enabling business transactions, especially between importers and exporters in different legal and financial environments. Due to non-unified documentation, the process is prone to discrepancies, leading to delays in processes. Up to 80% of delays in global supply chains is due to errors in documentation:
Automated document flow for trade process.
A nOS-based automated system of data exchanges, confirming trade execution in an agreed-upon format. Automated data exchanges act as early discrepancy detection to avoid delays in financing. Additional data points from 3rd parties are creating a new foundation for calculating risk.