TB Banking
Are Banking and Letter of Credit issues bogging you down? Are you concerned about getting paid for your International sales? If so, allow Trans-Border to review your current Letter of Credit process and recommend solutions that can create the following efficiencies:
- Analyze existing accounting functions to improve cash flow
- Simplify banking procedures to reduce costly errors, save time and money
- In house training on documentary credit and collection practices
- Review contractual agreements between the banks, applicant and beneficiary to insure accuracy
- Review documentary credit for unusual terms and conditions
- Eliminate discrepancies and improve working capital due to inconsistent document preparation
- Arranging authentication and legalization of documents if required
- Preparation of the required banking documents including the transport document in conformity to the stipulated terms
- Present documents directly to the bank (electronically where possible) to expedite payment
- Immediately after bank acceptance, provide a complete set of documents to all parties involved
- Provide complete status updates throughout the process until payment has been made
