Switching to digital trade documentation sounds great, right? But here’s the real question: how do you know it’s paying off?
ROI—return on investment—matters because every minute, every dollar, and every error adds up.
So, how do you track ROI?
And how can you prove that switching to cutting-edge blockchain technology like WaveBL isn’t just innovation for innovation’s sake, but a game-changing decision for your business?
Let’s break it down.
The Real Cost of Sticking with Traditional Trade Documentation
Paper feels dependable. You print, you courier, you file. It’s what you’ve always done. But here’s the reality: traditional paper bills come at a price.
1. Printing and Courier Fees
Every document needs to be printed, packed, and shipped—over and over again. Couriers don’t work for free, and those costs stack up fast. In an industry driven by efficiency, why stick with outdated processes?
2. Telex Release Costs
Still using Telex releases? At around $40 per release, the costs add up. Multiply that by the entire shipping process, and suddenly, you’re staring at thousands of dollars wasted monthly.
3. Document Storage and Archiving
Warehousing decades of trade documents isn’t just a hassle—it’s expensive. That’s manual data entry, archiving fees, and physical storage you could eliminate entirely.
4. Wasted Time
Manual processes eat up hours. Hunting for missing files, waiting for updates, or fixing mistakes—it’s time your team could spend driving business success instead.
5. Errors and Demurrage
Mistakes happen. A delay in the lading process or missing a real-time update can result in penalties. Demurrage fees sneak in at $75 to $300 per day, timelines get disrupted, and customer loyalty suffers.
Here’s the truth: paper-based processes aren’t just inefficient—they’re costing your entire supply chain.
Where the Savings Come From: ROI You Can See
Here’s the thing about paper processes—they don’t just cost you money. They rob you of time, energy, and peace of mind. That’s where WaveBL’s digital platform comes in. It stops the bleeding and gives you those losses back.
Let’s start with the obvious: the costs.
Printing, couriers, Telex releases, and archiving physical trade documents—they all add up. But here’s the kicker: those are just the baseline costs when everything goes smoothly. Add in delays, manual data entry errors, or cargo penalties, and the total is an ongoing drain on your budget—time, money, and storage space you could use elsewhere.
And what about time? That’s where it gets personal.
How much time does your team waste waiting on couriers, fixing errors, or sifting through mountains of paperwork?
Let’s talk about Lloyds Bank. Before WaveBL, it took them 15 days to process a single transaction. Today? Under 24 hours. Imagine reclaiming that kind of time. That’s not just a productivity win—it’s hours your team can reinvest into solving problems, serving customers, and actually driving business success.
Then there are the mistakes.
We all know it happens—a document goes missing, or an important detail gets overlooked. Suddenly, you’re dealing with delays, penalties, and a whole lot of stress.
Take RS Logistics, for example. Before WaveBL, losing documents or worrying about fraud and risk of loss was just part of the job—a frustrating and expensive reality. But with WaveBL’s eBL solution, that’s no longer a concern. They’ve completely eradicated the loss of documents and eliminated forgery risks, giving them peace of mind and freeing their team to focus on more important work.
Mistakes aren’t just costly—they’re exhausting. WaveBL ensures that every document is tamper-proof, automated, and traceable, so you can avoid last-minute scrambling and stay ahead of potential problems.
Let’s Break Down the Math
Saving $50 here and 2 hours there might not seem like a game-changer—until you see it in action.
Let’s look at KPM. As a leading logistics company, they were drowning in inefficiencies: lost or stolen bills, delays in the Bill of Lading process, and constant communication breakdowns. Switching to WaveBL changed everything:
- They saved $50 per Bill of Lading, eliminating courier fees and cutting manual data entry costs.
- They reclaimed 2.5 hours per document, freeing up their team to focus on core business success rather than chasing paperwork.
- Their electronic bills now arrive five days before cargo, compared to the previous three-day lag, improving the entire shipping process and eliminating penalties.
Now, let’s put that into perspective. Imagine you process 1,000 Bills of Lading annually:
- Direct savings: $50,000 from reduced printing, courier costs, and manual processes.
- Time saved: 2,500 hours your team can reinvest into improving logistics processes, customer service, and growth.
That’s not just a productivity win—it’s a complete transformation of your trade documentation processes. With faster, real-time tracking and streamlined operations, your team can focus on strategic priorities like supply chain operations and customer retention rate.
This isn’t hypothetical. Companies like KPM are proof that digitalizing the entire process doesn’t just save money—it positions you to lead in a competitive, logistics-driven industry.
That’s ROI you can measure—and trust.
ROI Isn’t Only About Numbers—It’s About Your Future
ROI isn’t just about dollars on a spreadsheet. It’s about the wins that transform how you work—every day.
Fewer delays mean happier customers. Faster processing times and automated workflows mean less stress for your team. And when you adopt a digital platform like WaveBL, you gain a competitive edge that sets you apart in a rapidly evolving logistics sector.
Think about your team. With WaveBL, they’re no longer bogged down by manual data entry, chasing documents, or worrying about delays. Instead, they’re focused on solving problems, building stronger strategic alliances, and driving real business success.
And your customers? They feel the difference, too. Faster, more reliable service builds customer loyalty and trust. No delays. No missing documents. Just seamless, real-time updates that keep shipments moving and relationships strong.
The bigger picture? Staying ahead in an industry that rewards efficiency, speed, and innovation. WaveBL’s proprietary blockchain technology ensures every document is tamper-proof, traceable, and secure—minimizing the risk of fraud or loss while ensuring compliance with international standards.
When you improve the entire process, everyone benefits—from your team to your customers to your bottom line.
That’s what ROI is really about: transforming your trade documentation processes and unlocking opportunities for growth.
Ready to See Your ROI?
Tracking ROI from digital trade documentation doesn’t have to be complicated. WaveBL’s cutting-edge blockchain technology makes it simple, measurable, and—most importantly—worth it.
Your team will reclaim valuable hours, your operations will align with industry standards, and your customers will experience faster, more reliable service.
Start tracking your ROI with WaveBL today. Your team, your customers, and your bottom line will thank you.