Letter of Credit: End-to-End Lifecycle Management
Create, amend, extend, and monitor LCs with automated charge calculations, VAT, and margins. Journal entries posted seamlessly to Oracle Fusion GL.
How Bankors automates your LC lifecycle
From issuance to closure — no bank portals, no spreadsheets, no email chains.
1. Create
Enter applicant, beneficiary, issuing bank, and contract references — all from one platform.
2. Amend
Handle amendments and extensions with full change history and audit trail.
3. Auto-calculate
Charges, VAT, and margins computed automatically based on your rules.
4. Post to GL
Journal entries posted directly to Oracle Fusion GL — previewed before confirmation.
LC Lifecycle Management
Full control from issuance to closure.
Create new LCs
Enter applicant, beneficiary, issuing bank, and contract references.
Amend and extend
Manage amendments with full change history and audit trail.
Auto-calculate charges
Automatic calculation of charges, VAT, and margins.
Preview before submit
Review details and journal entries before confirming issuance.
Oracle Fusion Integration
Seamless journal entry posting to your GL.
Direct GL posting
Journal entries posted automatically to Oracle Fusion General Ledger.
Full previews
Preview journal entries before posting for accuracy and compliance.
Minimize manual work
Reduce manual data entry and reconciliation efforts.
Ensure accuracy
Automated calculations reduce errors and ensure consistency.
Everything you need to manage LCs
Manage all parties and contract references in one place.
Issue LCs across all your connected banks from a single screen.
Configurable rules for charges, VAT, and margins per bank and product.
Approval workflows, change history, and full audit trail.
Never miss an expiry — automated alerts and renewal queues.
Central repository for all LC-related documents and correspondence.
Works with your stack
Direct Oracle Fusion integration and live bank connectivity — all from one platform.
See Bankors in action
Book a 30-minute demo and see how Bankors automates your Letter of Credit lifecycle end-to-end.
Calendar links will be configured soon.
Contact sales team
Ready to streamline your LC management? Get in touch to see how Bankors can automate your Letter of Credit operations.
