How Manufacturing Corp Streamlined LC Management

Manufacturing Corp manages dozens of Letters of Credit for raw material imports and export guarantees. Before Bankors, their finance team spent hours each week on manual calculations and journal entries.

Challenges

Spreadsheets for tracking LCs, manual Oracle Fusion posting, and no central audit trail. Amendments and extensions required multiple handoffs and rework.

Solution

Bankors provided end-to-end LC lifecycle management. Auto-calculation of charges, VAT, and margins. Journal entries posted directly to Oracle Fusion GL with full preview. Complete change history for every amendment.

Results

60% reduction in LC processing time. Zero manual posting errors. Full compliance with internal audit requirements. The team now focuses on strategic treasury decisions.