Solution
Trade Finance Document Automation
Read, structure and cross-check trade documents — letters of credit, bills of lading, commercial invoices and certificates — to support faster, more consistent examination.
The problem
Why this process resists automation
Document examination under a letter of credit is detailed, time-boxed and highly manual. A single presentation can run to dozens of pages that must agree with each other and with the credit terms.
- — Presentations arriving as large scanned bundles
- — Terms spread across the credit, amendments and the documents themselves
- — Discrepancy checking dependent on individual examiner experience
- — Tight examination windows with limited specialist capacity
- — Inconsistent discrepancy notes across branches
Today
How the work happens now
- 01Presentation received and logged
- 02Examiner separates and reads each document
- 03Credit terms and amendments are re-read for each check
- 04Details are compared across documents manually
- 05Discrepancies are written up in free text
- 06Second examiner repeats the review for control purposes
How PrismIQ solves it
Trade Finance Document Processing with document intelligence
Credit and amendment parsing
The letter of credit and its amendments are structured into terms that later checks can reference directly.
Per-document extraction
Bills of lading, commercial invoices, packing lists, insurance certificates and certificates of origin are each read according to their own structure.
Consistency checking
Beneficiary, applicant, goods description, quantities, amounts, ports, dates and shipment terms are compared across all presented documents.
Structured discrepancy candidates
Mismatches are presented as consistent, named candidates with the evidence attached — the examiner decides.
Examiner in control
PrismIQ prepares the comparison. Acceptance, waiver and refusal decisions stay with your trade operations team.
Documents
Document types handled
Extraction
Data captured
- Credit number, issue and expiry dates, available-with details
- Applicant and beneficiary names and addresses
- Goods description, quantity, unit price and value
- Incoterms, ports of loading and discharge, latest shipment date
- Vessel, voyage, container and marks
- Presentation period and required documents list
Validation
Checks applied to every document
- Goods description consistency across invoice, transport document and credit
- Amount within credit value and tolerance
- Shipment and presentation dates within the credit window
- Ports and Incoterms consistent with the credit
- Required documents present and complete
- Beneficiary and applicant naming consistent across documents
Workflow
End-to-end processing flow
- 1Ingest the presentation bundle
- 2Split and classify each document
- 3Parse the credit and amendments into structured terms
- 4Extract fields per document type
- 5Run cross-document and credit-term comparisons
- 6Present discrepancy candidates with evidence
- 7Record the examiner's decision and export to the trade system
Integration
Where the data goes
Security
Deployment and control
Outcomes
What changes for the business
Faster examination
Examiners start from a structured comparison instead of a stack of scans.
More consistent discrepancies
The same checks, named the same way, across every branch and examiner.
Better capacity use
Specialist time is spent on judgement rather than transcription.
Traceable decisions
Every check, evidence reference and decision is recorded.
Outcomes describe the design intent of the solution. Actual results depend on document complexity, workflow design, integration requirements and deployment environment.
Frequently asked questions
Bring trade finance document processing into straight-through processing
Book an enterprise demo and we will walk through your document types, validation rules and integration architecture.