The document discusses an application called LCSystem that helps manage the letter of credit process. It provides benefits like faster processing of documentation with 60% less time, fewer discrepancies to save money, and more control over details. The application works by installing it on a computer and selecting options to input new documents or modify existing ones. It guides the user to fill in correct information matching the letter of credit requirements and saves the documents in the desired format and location. The application automates trade documentation processes to improve accuracy, accelerate payments, reduce costs, and minimize discrepancies headaches.

1. LCSystem Process Presentation
Guide through the platform for effective Letters of Credit
management
Export Edge International Trade Consultancy
11 Merrion Square North
Dublin 2
Tel. +353 1 676 6894
Fax. +353 1 507 8581
E-Mail: training@export-edge.com

2. The ideal Letter of Credit (LC) process should be fast,
accurate, and easily transferred and accounted for.
This ideal can be achieved – and even refined over
time – when modern technology is integrated into the
process. LC SYSTEM stands above the competition by
utilizing dynamic e-commerce technology to gather
information, generate documents, and report status –
all in a fast, secure, and easy fashion.

3. What is the LCSystem
Application?
 An Export Edge’s LC Functional Platform made for International Trade business
companies or customers who have Letters of Credit’s requirements to process for the bank
 documentation and credit for importers and exporters.
 LCSystem application is designed as a platform which offers an excellent support and
practical solution in bank documentation timely management
Benefits of LCSystem Application
 Fast and practical method to get all the bank documentation on time – 60% less
time needed
 Less discrepancies – saving money
 More control to the details
 Order in the preparation of the documents for the bank
 Satisfied end client

4. How the LCSystem application Works?
-Install the LCSystem App on your computer’s desk (Just click on it)
- Once Installed and opened ,depending on your needs, select one of the 3
buttons at the bottom
To update or
modify an old
document
To input the new
document
Exit Application

5.  It’s very important to fill in the correct information on the LCSystem App and
make sure that every word or number matches the LC’s letter requirements
 Once you have selected your desired option, proceed with populating indicated fields
with the LC’s information requested

6.  Once saved, the LCSystem App will convert the new document in a FILE with the
assigned name
 Once you have finished populating the new document/or correcting an existing,
press save and the document will be saved in the chosen place.
 You can work directly on the documentary output, which also serves as a PROCESS
Control . Updates/add itional changes are converted to PDF / sent by email or
available online.
 Once the LCSystem App has been
updated your documents are ready to be
printed.

7. 
What do I need to do, in order to install the LCSystem Application?
The LCSystem application can easily be installed on any Microsoft
operated system.
It is necessary to have a deep knowledge to manage the LCSystem
Application?
No, our LC interface is user friendly and very easy to use guiding you through
all the processes
Frequently asked questions

8. Why I should use the LCSystem Application?
 Automates the creation and delivery of trade documentation
 Improves the accuracy of international trade documentation
 Integrates technical compliance, teamwork, planning , KPI’s,
SLA’s and critical timescales over various LC’s in the pipeline.
 Accelerates payment and reduces days sales outstanding (DSO)
 Cuts direct documentation and payment processing costs
 Saves time and money associated with learning technical
compliance areas outside of your staff’s core responsibilities.
 Minimises hassle of extra work caused by indictment of
discrepancies , which are often outside core business quality
standards.