Getting Started

Welcome to Bankors

Bankors is the enterprise banking automation platform that connects your ERP directly to your banks. This guide walks you through setup and the first things to do — you'll be issuing Letters of Credit, Guarantees, loans and bank facilities, with automatic Oracle Fusion posting, in a single afternoon.

Before you begin

An Oracle Fusion ERP environment with REST access (optional but recommended)
Your bank list, including issuing banks for LCs and LGs
Your chart of accounts and ledger structure
An admin user in Bankors

Step 1 — Connect Oracle Fusion

Open Settings → Integrations and add your Oracle Fusion connection. Once connected, journal entries from Bankors will post directly to your General Ledger. See the Oracle Fusion integration guide for full details.

Step 2 — Configure banks and facilities

Add the banks you work with and set up the credit facilities and sub-limits for each one. This unlocks utilization tracking across LCs, LGs and loans. See the Loans & Facilities guide.

Step 3 — Map your accounts

Map each instrument type (LC, LG, loan, facility, fee, VAT, margin) to its target accounts in your Oracle Fusion chart of accounts. This is the only setup needed for automatic posting.

Step 4 — Issue your first Letter of Credit

Create a new LC with applicant, beneficiary, issuing bank and contract details. Preview the calculated charges, VAT and journal entry — then confirm issuance. The entry posts to Oracle Fusion automatically. Walkthrough: Letter of Credit guide.

Step 5 — Issue your first Letter of Guarantee

Same flow for LGs: capture details, preview, post. See the Letter of Guarantee guide.

What you can do today

Issue and manage Letters of Credit and Guarantees across all your banks
Track loans, drawdowns, repayments and interest accruals
Monitor bank facility utilization in real time
Post every accounting impact to Oracle Fusion automatically
Replace bank portal logins, spreadsheets and email chains with one platform

Need help?

Book a demo with our team and we'll walk you through your first setup live.