Honestly, letters of credit have a reputation for being a pain — and a lot of that reputation is earned. The paperwork, the back-and-forth…
The LC management software conversation most businesses avoid
Okay so if your company does any kind of international trade, you already know LC management is kind of a beast. The paperwork, the bank back-and-forths, the expiry dates that sneak up on you — it's a lot to keep track of, especially when it's being handled manually across three different spreadsheets.
We wrote something about how to actually choose the right software for it — not in a boring "here are 10 features to look for" way, but more like the honest stuff: What questions to push vendors on, why integration matters more than most people admit, and why the cheapest option almost always ends up costing more in the long run.
If you're in finance, ops, or just someone who's ever had an LC go sideways at the worst possible moment — this one's for you.