For example, Import Controllers or Purchasing Managers can prepare the opening request, have it approved internally, and send it to the bank. Amendments and deadlines can be monitored thanks to personalised alerts. Treasurers can consult payment deadlines, view outstanding amounts, monitor total financial costs and follow up the documentary credit progress.
Preparation of Documents
The ‘PrepDoc’ feature helps you edit opening requests and amendment application forms. The professional guide integrated in Finelia supports users in complying with bank requirements (MT7xx, RUU600,…).
Treasury Management
The tool dashboards and the customisable reports help you optimise the management of your facilities (Monitoring dates of payment, facility maximum amount, validity period; monitoring facilities by bank, by entity, by business unit,…).
Process Standardisation
The Documentary Credit procedure is standardised for all users. Thanks to the monitoring of each step of the process, from prior to issuance right up to the completion of payments, users can manage all their documentary credits through a proven methodology.
Management of the Documentary Credit Process
Finelia’s integrated features allow you to follow up the processing of documentary credits: monitoring of beneficiary’s modification requests, amendment requests, waivers of discrepancies,…
Centralisation of Documentary Credit Management
Finelia centralises on a collaborative platform your documentary credits, amendments, exchanges with banks, stakeholders, related documents…
Finelia Import LC is a management tool which can be used by departments in Finance, Purchasing, Operations, Logistics and Import to organise and share information.
Report Generation and Cost Management
The reporting module enables you to obtain personalised reports (e.g. total sum of utilisations, outstanding amounts, amount of financial costs, by supplier, by bank, by time period…). Finelia enables you to record individual bank conditions for an automatic calculation of fees.
Main Aim: Recover Goods as Quickly as Possible, in Accordance with the Order Placed
To do so, it is important to reduce as much as possible the time to open the documentary credit and the delay to receive documents. Real-time monitoring and the presence of personalised indicators and dashboards allow you to measure the financial stakes, identify the weak points and thus come up with plans of action based on qualitative and quantitative objectives.