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Exploring the Impact of IDP on Trade Finance Efficiency

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Amantra partnered with a global bank to digitize and automate the document-heavy processes in trade finance using Intelligent Document Processing. By eliminating manual verification and accelerating turnaround times, Amantra helped the bank improve compliance, reduce operational costs, and enhance customer satisfaction in one of its most complex business functions.

The Business Challenge

Trade finance processes involve a high volume of documents such as invoices, bills of lading, letters of credit, shipping documents, and compliance declarations. The bank’s trade finance team faced significant challenges:
  • Manual data extraction from unstructured documents in various formats and languages
  • High error rates due to repetitive human entry
  • SLA breaches due to slow processing
  • Compliance risks from missed or misread information
  • Limited scalability during seasonal trade peaks
The legacy systems and human workflows were no longer sustainable for global trade volumes and regulatory expectations.  

Solution 

Amantra deployed an advanced Read AI solution tailored for trade finance operations. The solution leveraged AI and machine learning to read, extract, and validate data from complex multi-page documents in real time. Key solution components included:
  • Automated Document Classification: Smart sorting of 50+ document types (LCs, invoices, SWIFT messages, etc.)
  • Multilingual OCR & NLP: Accurate data extraction from documents in English, Arabic, Chinese, and French
  • Entity Recognition & Matching: Auto-validation of buyer/seller details, HS codes, and port names
  • Custom Business Rule Engine: Trade compliance checks, amount mismatches, expiry dates, and shipping term validations
  • System Integration: Seamless connection with the bank’s trade finance platform and SWIFT interface for automated updates

Results & Business Impact

  • 85% Faster Document Turnaround: Reduced processing time from 2–3 days to under 8 hours
  • 90% Reduction in Manual Entry: Most documents required no human intervention
  • 99% Accuracy: Drastically reduced errors in critical fields like amount, date, and consignee
  • Full Audit Trail: All actions tracked for compliance and internal audits
  • Scalability Achieved: Effortless handling of seasonal trade surges without extra staffing

Client Testimonial

“Trade finance used to be our most document-intensive process. With Amantra Read AI, we’ve turned a manual bottleneck into a real-time digital workflow.” — Head of Global Trade Operations, Leading Bank

Transform Trade Finance with Intelligent Automation

Still relying on manual document checks? See how Amantra AI-powered read ai solution can digitize your trade finance operations, reducing turnaround time, ensuring compliance, and scaling effortlessly.

Book a Demo | Talk to Our Trade Finance AI Expert