Improving Financing Flow: CZ Cuts Trade Financing Processing Time with Mizrahi Tefahot Bank in the UK by 95% with WaveBL Digital Documentation
CZ, a UK supply chain services company, was struggling with slow, paper-heavy trade finance processes that delayed its access to financing of global commodity shipments like sugar, and to run its first fully digital trade financing transaction.
Using an electronic Bill of Lading and digital supporting documents, CZ sent everything securely through WaveBL to Mizrahi Tefahot Bank UK for fast review and financing approval.
What once took days to reach the bank and weeks to reach the importer was completed in just hours.
“This digitised way of working represents a turning point in how we approach trade finance. By adopting WaveBL’s digital platform, we’ve cut processing time from weeks to hours while ensuring security and transparency at every stage. This success sets a strong foundation for leveraging digital trade documentation in future operations.”
