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Import Letters of Credit: CyberImport

CyberImport: for all of your international payables

CyberImport consolidates control over all of your import-related disbursement activities. Whether the terms of your vendor relationship call for the issuance of L/Cs, the presentation of documents against payment, documents against acceptance or open account, CyberImport offers tools to help you easily manage those processes that are so critical to your global business.

Letters of Credit (L/C)
Creating a new L/C is easy. Standard L/C formats can be created once and stored as models for repetitive use. Then, only the variable information required (expiry date, amount, etc.) needs to be entered to complete the request. L/Cs can be submitted to Wachovia's Trade Processing centers in the United States and overseas.. CyberImport applies sophisticated controls and configuration options that allow the workflow to be customized to your business needs, while providing for efficiency and ease of use in managing your LC requirements.

CyberImport is easy to use. You can view a sample Transaction screen and Confirmation screen below.

CyberImport Letter of Credit Issuance:

[IMAGE: "LOC Issuance"]

CyberImport Discrepancy Message Example:

[IMAGE: "Discrepancy Message"]

Open Account and Documentary Collections
Wachovia advises you of the presentation of new shipping documents via messages which detail the important information from the documents submitted by your suppliers. Images of your documents are available directly from a link on the Transactions Workdesk. This enables you to respond at any time with your instructions. We can establish processing standards for reviewing your vendor documentation, incorporating your workflow and decision-making criteria. This may include invoice-to-purchase order reconcilement and/or review of submitted documents to ensure fulfillment of requirements, which you have established with your suppliers.

[IMAGE: "Documentary Collections"]

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Related Products and Services
Letters of Credit Reporting: CyberView
Export Letters of Credit: CyberXport
Letters of Credit
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