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LC Expiry & Status Monitoring

PrismERP provides an essential feature to track and monitor the expiry dates and current statuses of Letters of Credit (LC), ensuring timely actions and smooth international trade operations. Managing the lifecycle of Letters of Credit is critical to avoid payment delays or shipment hold-ups. The LC Expiry & Status module allows users to keep a real-time overview of all active, expiring, or expired LCs. By tracking expiry dates and status changes, businesses can proactively manage renewals, amendments, or closures, ensuring compliance and reducing risks.

Key Features​

  • Expiry Date Tracking Automatically monitor LC expiry dates with alerts for upcoming expiries.

  • Status Dashboard View the current status of each LC such as Active, Expired, Cancelled, or Amended.

  • Real-Time Updates Status changes reflect instantly based on document updates or transaction progress.

  • Alert & Notification System Receive reminders and notifications before LC expiry to enable timely follow-up.

  • Comprehensive Reporting Generate reports summarizing LC statuses, expiry timelines, and required actions.

  • Integration with LC & Shipment Modules Link expiry and status information with related LC documents and shipment schedules.

Integrated With​

  • Letter of Credit Management
  • Shipment & Document Tracking
  • Notification & Alerts
  • Financial Accounting Systems

PrismERP’s LC Expiry & Status Monitoring module empowers businesses to stay ahead in managing their international trade commitments with confidence and accuracy.