Letter of Credit Management (LCM)



An LC or Letter of Credit is the Buyer’s Banker’s promise to the Bank of the Seller / Exporter that the bank will honor the Invoice presented by the Exporter on due date and make payment, provided that the Seller/Exporter has complied with all the requirements and conditions set by the Importer in the said letter of credit or the Buyer’s Purchase Order and produced documentary evidence to prove compliance, along with the necessary shipment related documentation.


ERP2ALL's user-friendly Letter of Credit Management (LCM) module empowers businesses to manage LC information effectively, vendors documents, goods including adding all expense costs and imported items, tracking a customer banking transaction, Back to Back LC management with customers LCs. ERP2ALL will instantly update all vendor/customer transaction balance and users can easily track every payment and receipt every single LC wise.

ERP2ALL supports multi-currency transactions, users can input the exchange rate transactions as per operational requirements including calculating the currency fluctuation value with customer/vendor transaction balance including the delivery shipment/ receiving of shipment reports both partially and completely in LC or the Commercial Invoice, including the management of costs for exported/imported items. Please refer to the flowchart provided below for a clear understanding:






  1. Export LC
  2. B2B LC
  3. Import LC
  4. LCM CONFIG
  5. Accounting methods & LC Journal Entries
  6. Incoterms
  7. Merchandise Accounting Glossary
  8. RMG Documentations & Requirements