Service Systems - A letter of guarantee is a written undertaking issued by the bank at the request of one of its customers, in which the customer acknowledges that the bank will pay a financial value in favor of the entity to which the guarantee is issued, in case the value of the payment is claimed without reference to the customer or the customer opposes it. The customer also acknowledges the renewal of the letter of guarantee, but provided that the customer pays the bank the financial value at any date no later than the due date indicated in the letter of guarantee.
Companies often help to do business with other companies that they usually would not get a chance to deal with. And many suppliers often choose to do business with customers who have a letter of guarantee because it removes the risk that they will not receive the proper dues for the goods they sell.
Letters of guarantee record letters of guarantee issued by an entity with different views of the data, where the data are various letters of guarantee in terms of the nature of the guarantee (primary - final - down payment) is determined as the value of the guarantee, the issuing bank and the percentage of bank coverage and its expiration date ... Etc.
Letters of guarantee are three-way contracts between the client, the bank and the beneficiary, in which the bank undertakes to guarantee its client and reimburse a specific financial value to the beneficiary, at the request of the client. The importance of letters of guarantee is to speed up import and export operations, because with the expansion of World Trade and major trade agreements between Intercontinental companies, it was difficult to transfer funds in millions of dollars in the traditional form (from one account to another); because it may take time with the difficulty of transfer, especially that sometimes the client's account is insufficient to cover the necessary financing, and he needs time to inject the required financing into his account.
Documentary Credits
Service Systems - It is a financial document issued by a bank at the request of the guarantor payment consignee to the shipper of the goods if certain conditions and conditions are met. Usually, the documentary credit contains a brief description of the goods, the required documents, the date of shipment, the expiration date after which payment will no longer be made.
Registration and follow-up of documentary credits and the budget for the import of items, detailed information on credit, invoices and expenses for each item with recalculation for them after distributing all the various expenses and taxes and adding inventory movements, and also extracting a detailed report and summary information on the cost of credit facility.
From it is possible to obtain the credentials of the contracted categories, the balance of the dependency and the indication of the items supplied, as well as some analytical reports describing the import, all expenses on the funds and the distribution of indirect costs on the cost of the basic costs of the product.
School Systems
Service Systems - It is used in school management and helps in simplifying tasks and daily operations and helps in their completion automatically using crystal programs. You can use the Crystal program to manage your school as you like, starting from registration, admission attendance, exams and certificates of results.
The school management program provides many features that help simplify tasks and daily operations and help complete them automatically using programs.
Among such features are:
- Easy and convenient interface throughout the work periods.
- Complete protection of the entire school files and data from damage.
- Storage system on a server device for the protection and security of school data.
- Automatic copying periodically and System Restore when any error occurs.
- Follow-up of human resources periodically, as the school management program allows the addition of all data related to personnel affairs.
Logistics Systems
Service System - It is the first stage of the product life cycle where the company purchases either the products it sells or the materials used in the production units to create end-user products sold to customers. It enables you to record daily operations such as purchase orders, invoices, returns and payments to be able to get the financial statements of the sellers.
Our business management tools allow us to fully analyze and strengthen control over business and operational activities.
Our solutions are modular and perfectly adaptable to suit any company size or market. We provide comprehensive support through our operations centers.
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