In this age of digitalisation and innovation, bulk of the businesses continue to use the traditional methods of LC establishment through physical applications and also maintain physical underlying documents pertaining to the transactions. This orthodox method leads to inefficiencies, delays and strained relations between the parties involved. Keeping this in mind, we have developed a digital solution named “Tradepro”, which aims to automate the entire Letter of Credit process from application to retirement including financing and also generate requisite transaction documents for submission to banks
The application is customised to meet the requirement of Banks and Importers, thereby reducing the processing time and improving the productivity.