NB Credit

NB Credits

Accelerate Customer Credit Management & Recovery Process

Simplify Trade Finance with Letters of Credit and Bank Guarantees for Dynamics 365 Business Central

NB Credits is a powerful add-on designed to streamline the management of Letters of Credit (LCs) and Bank Guarantees (BGs) within Microsoft Dynamics 365 Business Central. Essential for securing international trade transactions, these instruments protect both buyers and sellers, mitigating risk and ensuring smooth operations.

NB Credits provides a single, unified platform to efficiently manage, track, and report on LCs and BGs, empowering businesses to handle trade finance with confidence and ease.

Key Features of NB Credit:

Centralized LC & BG Management

Manage all Letters of Credit and Bank Guarantees within one unified system, reducing complexity and enhancing control.

Real-Time Tracking

Gain visibility into the status of financial instruments with real-time updates, helping businesses track key milestones in trade transactions

Risk Mitigation

Automate checks and balances to improve risk management, ensuring payment obligations and contractual commitments are met.

Customizable Workflows

Tailor workflows and approvals to your specific business requirements while ensuring compliance with internal policies.

Comprehensive Reporting

Generate detailed reports on LCs and BGs, improving decision-making and providing operational insights

Enhanced Security

Safeguard your trade finance operations with advanced security measures, reducing the risk of defaults or disputes.

Financial Instruments Overview

Letters of Credit (LCs)

Bank-issued documents guaranteeing payment upon meeting predefined trade transaction conditions. NB Credits allows businesses to create, manage, and track LCs throughout the transaction lifecycle, ensuring security and compliance

Bank Guarantees (BGs)

Financial guarantees provided by a bank, ensuring compensation if the requesting party defaults on contractual obligations. With NB Credits, businesses can easily manage and monitor BGs to safeguard transactions.

Why Choose NB Credits?

By leveraging the robust features of Business Central, NB Credits simplifies trade finance management, ensuring seamless integration, better compliance, and enhanced risk mitigation for international trade transactions. Businesses can now operate with greater efficiency and accuracy, leading to smoother operations and fewer financial risks.