A single delayed documentation cycle resulted in a $15,000 demurrage fee for one trader we interviewed.
5ā8 standardized documents per shipment
20% of a shipment cycle can be lost to correction loops
6ā12 months to train a documentation specialist
INSIGHTS
Accuracy was only one part of the problem
From 30 user interviews, three needs emerged:
Documents must agree with each other.
Generic document tools can summarize files, but trade documentation requires structured tables, shipment-specific calculations and precise formatting.
Solution
TRACE brings the shipment workflow into one dashboard where teams can:
- Create and track a shipment
- Invite different teams to enter their information concurrently
- Upload contracts and supporting documents
- Detect missing fields, expired information and inconsistent values
- Track the completion of each required document
- Automatically draft standardized shipping documents
- Review, approve and share the final document bundle.
Key Features
One shared shipment workspace
Automatic error detection
Instant document generation
Outcome
Validated with real trade documents
- 70 documents supplied by a timber-trading design partner
- 65 documents successfully checked and corrected
- 92.9% successful error detection and correction
- 30 industry interviews
- 1 design partner willing to pay
- 2 companies on the waiting list
Want to learn more?
There is a full deck we presented to other teams, judges and the design partners! Iām happy to chat more about my process over a call. Reach out to me at ssud@usc.edu !