Import LC

Import LC (Letter of Credit) Management, Made Simple and Effective

Import LC

An Import Letter of Credit (LC) tracking and management application for Frappe and ERPNext (version-16), developed by Invento Software Limited. It simplifies tracking import contracts, banking requirements, and Letters of Credit to ensure financial compliance and streamline documentation.

Motivation

Managing import billing, commercial documentation, and tracking bank letters of credit was complex and manual. We wanted a seamless extension for ERPNext to connect Purchase Orders directly to Import Proforma Invoices, trace active/expired/utilized bank LCs, and automatically map these to Purchase Invoices. This app makes managing import LCs automated and transparent.

Key Features

• Automated Purchase Order Sync: Instantly link approved ERPNext Purchase Orders to initiate the import lifecycle, ensuring seamless downstream tracking.

• Precision Proforma Generation: Generate detailed Import Proforma Invoices directly from Purchase Orders with zero-touch mapping of items, currencies, and commercial terms.

• End-to-End Commercial Mapping: Seamlessly propagate Import LC and Proforma Invoice attributes to standard Purchase Invoices and related ERPNext documents.

• SWIFT MT700 Field Alignment: Standardize credit validation by mapping crucial MT700 fields, including issuing/beneficiary banks, tolerance limits, expiry timelines, and documentation instructions.

• Real-Time Utilization Tracking: Dynamically monitor and evaluate LC drawdown states (Draft, Active, Partially Utilized, Fully Utilized, Expired, Cancelled) against linked commercial documents.

• Executive Workspace & Analytics: Visualize critical metrics, utilization ratios, and LC distribution patterns through native, interactive Desk dashboards.

View Screenshots

Import Proforma Invoice

Import LC