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Product overview
Whether you are one of the world’s best-known trading companies, a local exporter or a buyer, Covantis is the trade execution platform trusted throughout the industry. From visualizing all parties involved in a supply chain to automating documents management processes, Covantis Voyages makes essential aspects of post-trade execution quicker, more efficient, and less repetitive — all while increasing security and reducing risk.
Usage statistics for 2024
808 M
Metric tons nominated volume
7K
Vessels captured
288K
Messages & documents exchanged
1949
of bypasses & circles
7K
of structured DIs exchanged
Network & Markets
The Covantis Voyages platform connects exporters, charterers and final receivers in one single platform across the globe. The platform captures bulk shipments originating from Canada, US, Argentina, Uruguay, Brazil, European Union, Ukraine, Australia and South Africa to all destinations. Over 55 agri groups with more than 230 legal entities worldwide already actively execute their contracts on the platform.
Industry challenges
From the first touchpoint right through to completion, the global trade process is full of inefficiencies. These include:
Supply chain challenges
The slow exchange of information between participants in the supply chain can lead to major delays in creating and maintaining the string. This creates more risk, with delays in document presentation, errors in processes and ultimately means documents are not delivered in time before a vessel starts discharging.
Document process inefficiencies
Documents are vital for carrying out post-trade execution processes – but their management faces a range of challenges. Documentary instructions are often incomplete and non-standardized in the industry. Then, when it comes to draft documents exchange, the process is flawed by difficulty in tracking which documents have been approved or rejected. Finally, many industry participants have no central repository to house documents and are instead slowed down by the manual work needed to track and store these documents.
Email communication risks
Hundreds of emails exchanged during the day make it difficult and time-consuming to manage constantly changing and time-sensitive priorities. Ultimately, missing important information can lead to penalties and other operational errors. This lack of coherence can be a logistical nightmare for trading companies on a daily basis, leading to subsequent delays that further impact efficiency and increase costs. But it doesn’t need to be this way.
Key Features
