Letter of Credit

Letter of Credit Management with Bankors

Bankors is an enterprise banking automation platform that connects your ERP directly to your banks. With the Letter of Credit (LC) module, finance teams stop juggling bank portals and spreadsheets — every LC is created, amended, posted to Oracle Fusion General Ledger, and tracked end-to-end from one screen.

Overview

The LC module covers the full lifecycle of import and export Letters of Credit. Applicant, beneficiary, issuing bank, contract reference, charges, VAT and margins are captured once and flow straight into your GL — no duplicate entry, no manual reconciliation.

LC Lifecycle Management

Create new LCs — Capture applicant, beneficiary, issuing bank and underlying contract details in a single guided form.
Amend and extend — Manage amendments, extensions and value changes with a complete audit trail and change history.
Automated calculations — Charges, VAT and margins are calculated automatically from your configured rates.
Preview before submission — Review LC details and the related journal entries before confirming issuance.

Oracle Fusion GL Posting

Direct GL posting — Journal entries are posted automatically to Oracle Fusion General Ledger.
Full previews — Validate journal entries before posting to ensure accuracy and compliance.
Reduced manual work — Minimize manual data entry and reconciliation effort across treasury and accounting.
Improved accuracy — Automated posting reduces errors and keeps the GL consistent with bank instruments.

Controls & Audit

Full visibility into the LC lifecycle from issuance to closure
Audit-ready records with detailed change tracking
Accurate financial integration across all LC transactions
Multi-bank visibility — see every LC across every bank in one place

Who it's for

Treasury, trade finance and accounting teams at enterprises that issue or receive Letters of Credit across multiple banks and need direct Oracle Fusion integration without manual portal logins.

Next steps

Ready to see it in action? Explore the Letter of Credit module or book a demo with our team.