Simplify Credit Operations with Bankors
Streamline the full lifecycle of Letters of Credit. From issuance to amendments, Bankors automates financial calculations, ensures compliance, and integrates directly with Oracle Fusion — helping your finance team reduce errors, save time, and stay fully in control.
Letters of Credit Made Smarter
Create & Issue LCs Easily:Set up new Letters of Credit with applicant, beneficiary, bank, and contract references in minutes.
Track and Amend:Extend maturity dates, increase or reduce amounts, or transfer LCs with complete change history.
Accurate Charge: HandlingAutomatic calculation of margins, VAT, and bank charges ensures precise financial records.
Seamless Oracle Fusion Posting:Journal entries are generated automatically and posted directly to General Ledger.
Optimizing LC Management for Informed Decisions
Real-Time Oversight:Monitor LC status from issuance to settlement through dashboards and previews
Audit-Ready History:Every amendment is logged with time-stamped records for transparency and compliance.
Validate Before Posting:Preview LC details and journal entries before issuing to eliminate errors.
Integrated Financial View:Connect LCs with projects, vendors, and banks for a unified financial picture.
Tracking and Reviews Made Effortless
Collaborative Sharing:Easily share LC updates across finance and management teams.
Enhanced Compliance Reviews:Use change history and audit logs to strengthen control processes.
Transparent Operations:Maintain clear records that eliminate blind spots in financial management.
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