Phenix - Bank notes

Phenix letters of credit is an integrated electronic system designed to manage letters of credit and overseas orders.

The system has many Features, including:

  • The system supports working by a supply chain mechanism for each company (Supply chain).
  • The system of credits associated with other branches of the chain such as (inventory management - sales - accounting).
  • The system supports banking facilities, and suppliers' facilities.
  • The system deals with the credits’ banking coverage.
  • Taking into account available and non-available banking facilities for letter of credit.
  • Full cycle of letters of credit.
  • The possibility of follow-up the letter of credit and follow-up shipments and record the status of each letter of credit and each shipment.
  • Full archiving system with the possibility of uploading the credit’s files to the system.
  • The letter of credit system supports different shipping methods (CIF, C&F and FOB).
  • The letter of credit system supports the possibility of customizing containers intended for shipment with the possibility of changing dimensions flexibly.
  • Possibility of distributing the credit’s items and shipment to containers with specific measurements of containers.
  • The system supports the allocation of expenses and their types with linking them with vouchers.
  • The system supports the possibility of shipments policies allocating and its fragmentation.
  • Possibility to split into independent shipments where each shipment is an integrated unit in terms of expenses, receipt, adjustments and reimbursements.
  • Automatic distribution of expenses to calculate the items cost with the possibility of allocating the distribution to calculate the cost on each entry according to its balance.
  • The system supports recording expenses on full credit.
  • The system supports recording expenses according to policies of lading.
  • Full connectivity with accounting system suppliers and customers
  • The system allows the registration and follow-up of all letters of credit data such as credit number - type of credit - supplier - bank - delivery terms - delivery method - shipping method - the date of opening the credit - insurance company and currency code - exchange rate - items data - quantities - prices .. .......etc.
  • The possibility of adding customized fields in the credit card and shipments with the possibility of searching and filtering them.
  • Identification of internal and external shipping companies and linking them to accounts.
  • Identification of insurance companies linked to accounts.
  • Phenix - letters of credit reports:
    • Status report on credits and full information on each credit.
    • Report on the distribution of expenses on items.
    • Final cost report of the items within the credit.
    • Reports on expenses recorded on the letter of credit.
    • Statement of credit balances showing the imported supplier, divided shipments and items according to shipments.
    • Credit adjustments report.
    • Credit Follow-up Report.