Letters of credit are one of the most preferred payment and financing mechanisms for international trade. The security and risk mitigation provided through Letters of Credit make them indispensable in international cross-border transactions. However, statistics prove that 60% to 80% of the documents presented to banks do not comply with the L/C and contain errors thereby delaying payments or refusal by the negotiating bank altogether.
Also there are additional costs and challenges, including:

• Complicated and lengthy application process
  
  
• High susceptibility to errors due to multiple parties involved in producing required documentation.
  
  
• Delays in conducting the transaction due to the long issuance process
  
  
• Strict and often complex documentary requirements.
  
  
• The compliance requirements of both the export and import countries involving differing terminology, documents and procedures makes the process time consuming, complex and prone to errors.

It is clear that the international trading community needs a system to streamline the export/import logistics, documentation and compliance process which reduces these problems.

TradeDoX360 is the answer!

Data Security & Confidentiality Issues addressed!

TradeDoX 360 Pro software is installed and resides in your computer system. The company data is also stored, controlled and managed locally in your computer system...
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