From Issuance to Settlement: Automating the Full Letter of Credit Lifecycle

Most enterprises still issue Letters of Credit by logging into each bank portal, copying terms from purchase orders, and emailing PDFs back and forth. The result: duplicate data entry, missed amendments, and no single source of truth.

One Workflow, Every Bank

Bankors connects directly to your banks. Issue an LC once — Bankors routes it to the right bank, captures the response, and keeps your ERP in sync. No more juggling portals.

Amendments Without the Email Chains

Extensions, increases, beneficiary changes — every amendment is a structured workflow with approvals, audit trail, and automatic GL impact preview before posting.

Settlement and Closure

When the LC settles, charges, VAT, and margins post to Oracle Fusion automatically. Closure is one click, and the audit history stays intact for years.

Conclusion

Stop treating LC management as a manual ops burden. With Bankors, the entire lifecycle — from issuance to settlement — runs from one platform, connected to every bank you work with.