Letter of Guarantee

Letter of Guarantee Management with Bankors

Bankors automates the full lifecycle of Letters of Guarantee (LGs) — issuance, renewal, amendment, claim and release — and posts every accounting impact directly into Oracle Fusion. No more chasing bank portals, no spreadsheets, no missed expiry dates.

Overview

The LG module supports bid bonds, performance bonds, advance payment guarantees, retention guarantees and financial guarantees across all of your banks. One platform, one workflow, one source of truth.

LG Lifecycle Management

Create and issue LGs — Capture applicant, beneficiary and contract details in one guided form.
Renewals and amendments — Track validity periods and process renewals or amendments before expiry.
Claims and releases — Record claim events and release LGs with full audit history.
Automated charges — Bank commissions, VAT and margins calculated and posted automatically.

Oracle Fusion GL Posting

Direct journal entry posting to Oracle Fusion General Ledger
Preview entries before confirming any LG event
Automatic accruals for commission and margin amounts
Single audit trail across treasury and accounting

Controls & Visibility

Real-time view of every LG across every bank
Expiry alerts to prevent unintended renewals or lapses
Beneficiary and contract linkage for clean reporting
Full compliance and audit-ready records

Who it's for

Construction, contracting, infrastructure and trading enterprises that issue Letters of Guarantee at scale and need a unified view across multiple issuing banks with ERP integration.

Next steps

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