Why Boex?

More Visibility, More Efficiency 

Our digital platform gives everyone involved in the trade process more visibility. That means fewer communication mix-ups, fewer delays, and potentially lower costs—making everything run more smoothly.  

Going Digital with Bills of Exchange 

We’re tackling the old-school inefficiencies of paper-based trade documents head-on. By digitizing Bills of Exchange, Boex speeds up transactions, makes them more secure, and cuts down on the costs and delays that come with traditional paperwork.  

Legal Strength Backed by Treaty Law 

Digital Bills of Exchange are backed by Treaty Law, giving them the same legal power as paper contracts. Thanks to the, 1882 Bill of Exchange Act, United Nations Model Law on Electronic Transferable Records (MLETR) and UK’s new Electronic Trade Documents Act (ETDA), these digital contracts are legally rock-solid, providing a trusted foundation for international trade deals and resolving disputes. 

Safe and Secure Payments 

When it comes to international trade, ensuring your money moves securely is essential. At Boex, we’ve built a payment system that you can rely on. Our platform meets and exceeds industry standards, giving you peace of mind with every transaction. 

Powered by UK Common Law 

Since 80% of international trade is based on UK Common Law, Boex is perfectly positioned to support UK exporters. The ETDA’s alignment with common law principles only strengthens this, offering a huge advantage for UK companies looking to expand globally.

Simplifying Tax Collection 

Our platform also makes it easier for customs payments to be handled automatically, which helps improve tax collection efficiency—benefiting the UK economy as a whole.

Does it suit my business?

Following the UK Electronic Trade Documents Act coming into force, we have seen transformational improvements to the way companies are trading. The opportunity now is to scale these benefits to a wide variety of trading companies.

Trade digitalization and faster e-transactions benefit companies of all sizes and sectors in a myriad of ways. These include:

For small businesses and business owners

Enable easy international trade for small businesses that thought it was too hard
Simple, cost effective and efficient trading that anyone can do
All your documents in one place
Customer support for when you are in need

For corporate treasuries, finance directors

Better cash control and management
End-to-end audit trail
Greater liquidity and agility

For compliance managers/directors

End to end intelligent reporting systems
Risk reduction opportunities

For supply chain/procurement managers/directors

Cost reduction opportunities
Process efficiencies
Increased profitability

15% increase
in profitability

Transactions
completed in 1 hour

Berthing times reduced
to minutes

100% increase
in trade flow

100% reduction
in data requirements

30% reduction
in operation cost

18% reduction
in shipping costs

15-20% reduction
in costs

100% removal
of logistics paperwork

80% reduction
in border waiting times

15% increase in
on-time delivery rates

$3-400 saving
per transaction

Liquidity raised
7 days faster

Land sales completed
in 24 hours

Data transfer in 1 min

Source: ‘Seizing the moment; unleashing the potential of trade digitalisation, 2023, ICC United Kingdom/Centre fir Digital Trade and Innovation.

National and international impact

United Kingdom

Digitalising trade transactions will boost national economic growth by delivering:

Source:

‘Creating a Modern Digital Trade Ecosystem; the economic case to reform UK law and align to the UNCITRAL Model Law on Electronic Transferrable Records (MLETR)’, ICC United Kingdom, 2021. Impact assessment of the Electronic Trade Documents Bill’, 2022.

International

There is a multi-trillion economic opportunity for UK exporters, solution providers and investigators to improve the way we trade internationally. Digitalising trade transactions will boost global growth:

Source:

‘G7 | Creating A Modern Digitial Trade Ecosystem Cutting The Cost And Complexity of Trade’, ICC United Kingdom, 2021. Quantitative Analysis of the Move to Paperless Trade’, The Commonwealth, 2023. ‘Study on the ASEAN Digital Economic Framework Agreement’ Boston Consulting Group, 2023.