24 September 2025
Covantis launches QuickDocs: AI-powered tool to check shipping documents, eliminating errors and reducing working capital cost
Press release
Geneva, Switzerland; 24th September 2025: Covantis, the digital leader in post-trade execution for agricultural commodities, today announced the launch of QuickDocs, an AI-powered solution that checks shipping documents against key trade requirements, including letters of credit, documentary instructions, and contracts.
Trading companies face two persistent challenges in document execution:
• Inefficient manual checks – Operations teams spend hours reviewing each document set, often under tight time pressure, which increases the risk of mistakes.
• Financial impact of errors – Every presentation with discrepancies can cost companies between USD 1,000–5,000 in additional working capital cost due to delayed payments, bank charges or penalties. For traders, this translates into hundreds of thousands of dollars of unnecessary financing costs.
QuickDocs directly addresses these challenges by automating document checks and surfacing discrepancies before submission. Its AI engine compares extracted values from bills of lading, certificates, and other documents against contractual requirements, helping companies deliver accurate documents presentations to banks and buyers.
“QuickDocs is our first production AI application solving real problems thanks to the massive leap and advancement of AI models. No matter the size of the company or industry, you are always confronted with the need to ensure that the documents you present to your buyer or bank are compliant with the requirements. QuickDocs does this in a few minutes, saving at least 75% in time, errors, or delays,” said Petya Sechanova, CEO of Covantis.
QuickDocs is part of the broader Covantis digital ecosystem, trusted by 75 global and regional trading firms and service providers. By streamlining document processes, increasing efficiency, and reducing risk, Covantis is shaping the future of digital trade execution in the agricultural industry.
About Covantis
Covantis was created with the aim to digitalize trade execution processes and bring efficiency to industry participants at all levels.
https://covantis.io/
