trace:original use cases
Enigio's trace:original is designed to digitise any paper document, no matter how simple or complex it might be. While any document can be digitised, there are certain areas where the impact of going digital will be greater. Below we have collected a couple of key areas and examples.
Finance
Enigio's trace:original is designed to handle all kinds of financial documents, including the more complex ones, like negotiable instruments, trade finance and credit documents, such as:
- Guarantees
- Letters of credit
- Bills of exchange
- Promissory notes
- Loan agreements
Transport and logistics
There are numerous documents in the transport and logistics sector that could benefit from becoming digitalised, simplifying and expediting every part of the transport documentation process:
- CMR
- Bill of lading
- Rail waybill
- Sea waybill
- Warehouse receipt
- Cargo & marine insurance certificate
Mortgages
The process of applying for and completing a house purchase, or remortgage, is long, costly and involves the transmission of huge numbers of documents.
With trace:original you can keep your existing process while making it faster, cheaper and less cumbersome at every stage in the process. A few examples of are:
- Valuation
- Mortgage offer
- Certificate of Title
- Mortgage deed
Certificates
With trace:original you can create digital certificates without any compromise on security or functionality. The digital certificates combine the positive aspects of both paper and PDF, which makes it immutable and transferrable to anyone. Examples are documents such as:
- Transaction certificates
- ESG certificates
- Certificates of conformity
- Inspection certificates
- System certification
- Food and organic certification
And many more...
Any document of importance can benefit from being digitised, simplifying access, handling and safe-keeping. The list of examples is endless, but here are some highlights:
- Grades
- Diplomas
- Health certificate
- Insurance policy
- Wills
- Contracts
- Agreements
Deep dives
Digital bills of exchange
Thanks to trace:original and the UN model law for electronic transferable records (MLETR) it has become possible to create digital bills of exchange. The list of benefits is long but to keep it short it is faster, safer, more cost-efficient and sustainable than using paper.
Digital promissory notes
The promissory note is an excellent record of debt – one simple document that is recognised globally and convenient for all parties. However, they tend to be underused and the main reason is that they are predominately paper-based.
Digital bank guarantees
With trace:original, it is possible to fully digitise bank guarantees. trace:original is replicating today’s paper workflow through an end-to-end digitalisation process that is acceptable to all parties while keeping their current systems.
Digital bills of lading
trace:original is able to digitise any trade document, even negotiable instruments like bills of lading. It works in accordance with MLETR and gives you a fully digital workflow that is faster, safer, more sustainable and cost-efficient.
Certificates
With trace:original you can create fully digital certificates without any compromise on authenticity, security, or functionality. With trace:original certificates you will significantly cut lead times, reduce risk, and receive the benefit of improved ESG factors such as, immutability, reduced carbon footprint and reduced thresholds for SMEs.
Mortgages
With trace:original you can keep your existing process while making it faster, cheaper and less cumbersome.