Overview Trade Finance   allNETT IMEX IBSnet allTRA NetLC Receivables Management Cash Letters Reconciliation   Trade Finance NetLC Enabling In-House Initiation of L/Cs Benefits Increase efficiency and productivity Optimize credit usage Automate communications with banks Minimize risk Improve supply chain relationships Move closer to true STP environment Lower costs Overview NetLC is a groundbreaking software solution enabling corporate users to initiate and monitor letters of credit (L/Cs) and other trade finance documentation in-house via a standard browser. User friendly with a fast learning curve, the bolero.net-enabled NetLC streamlines the trade finance process for global corporations, helping them improve operational capabilities, minimize risk, and move closer to a true straight-through processing (STP) environment. NetLC significantly reduces the number of paper-based transactions by enabling users to initiate and monitor L/Cs and a range of other trade finance activities, including standby L/Cs, guarantees, collections and payments. The software also allows enterprises to utilize L/C data of all transactions originating from the bank’s back-office system – such as incoming SWIFT messages, export letter of credit advices and incoming guarantee advices – in order to generate an array of export trade documents. NetLC provides several sets of real-time inquiries, which may be retrieved on-screen or printed, and comes with an Excel interface allowing customers to create a customized set of user-defined reports. Equipped with a purchase order (PO) module enabling the importer to create measurement L/C and amendment applications, NetLC is the only solution that can upload a remittance application file, thereby allowing for multiple remittances in one message. Empowering corporate users with the ability to initiate and monitor trade finance transactions in-house, NetLC helps enterprises increase efficiency, improve supply chain relationships and lower costs. Features Multi-bank capabilities - allows customers to use one access point for handling all trade finance transactions with a pre-defined group of banks, thereby avoiding the need to work with multiple banking portals. Multi-channel support - supports a variety of communication channels and message formats with corporate banks. Multi-site solution - incorporates any number of companies or departments within the organization. Complete data control - gives corporate users complete control over trade finance data. Bolero connectivity - allows customers to utilize Bolero connectivity infrastructure to exchange messages in the network. User-friendly system - offers multi-lingual system with uniformity of processing and a set of templates and clauses.