Letter of Credit and Bank Guarantee

Localization Solution for MENA
Ahmed KHALIFA – Globalization Services
March 2015

MENA Letter of Credit Localization .

 Create a Letter of Credit application while referring to purchase orders  Manage the status of a Letter of Credit while it is sent for approval internally or to a bank  Capture the essential dates in a Letter of Credit and manage the usage and validity  Manage amendments to a Letter of Credit in values and validity dates  Post FI documents for any changing of the status in Letter of Credit (create. Customer 3 . © 2015 SAP SE or an SAP affiliate company.from application to creation. the localized product “LC & BG” is developed to support the letter of credit management in all MENA countries and offers the following functionalities :  Management of letters of credit in imports process . amendments and closing. All rights reserved. amendment and close) considering the bank charges of each status.MENA Letter of Credit Localization Purchase Process Purchase Order Send to Vendor Goods Receipt Vendor Invoice Localized MENA LC SOLUTION OVERVIEW For organizations in MENA that have import operations.

Customer 4 .MENA Letter of Credit Localization Letter of Credit Solution Process LC Request  Choose PO/s  Create LC request  Generate request form  Internal Approve Create LC  Add LC details 1  Add Bank Charges  Internal Approve 2  Post FI document Close LC  Close LC 3  Post FI document Bank Approval 4  Send to Bank  Approved by Bank 5 Amend LC  Create Amend Request  Amend LC  Internal Approve  Post FI document © 2015 SAP SE or an SAP affiliate company. All rights reserved.

MENA Bank Guarantee Localization .

Customer 6 .MENA Bank Guarantee Localization Sales Process Receive Customer PO Sales Order Delivery Note Customer Invoice Bank Guarantee SOLUTION OVERVIEW For organizations in MENA that have sales and services operations. the localized product “LC and BG” is developed to support the Bank Guarantee management in all MENA countries and offers the following functionalities :  Management of bank guarantee in exports process .from application to creation. amendment and close) considering the bank charges of each status. amendments and closing. © 2015 SAP SE or an SAP affiliate company.  Create a Bank Guarantee application while referring to sales orders  Manage the status of a Bank Guarantee while it is sent for approval internally or to a bank  Capture the essential dates in a Bank Guarantee and manage the usage and validity  Manage amendments to a Bank Guarantee in values and validity dates  Post FI documents for any changing of the status in Bank Guarantee (create. All rights reserved.

All rights reserved. Customer 7 .MENA Bank Guarantee Localization Bank Guarantee Solution Process BG Request  Choose SO/s  Create BG request  Internal Approve Create BG  Add BG details 1  Add Bank Charges  Internal Approve 2  Post FI document Close BG  Close BG 3  Post FI document Bank Approval 4  Send to Bank  Approved by Bank 5 Amend LC  Create Amend Request  Amend BG  Internal Approve  Post FI document © 2015 SAP SE or an SAP affiliate company.

• Software Package: MEEXIM and EXIM_CORE • EHP Level: EHP6 • Software component: LOCINLOG • Support Package: SP04 • Role: EXIM_MENA • Message Component: BC-UPG-ADDON & XX-CSC-OM-EI • It can be downloaded from SAP Software Download Center browsing to support Packages and Patches  Browse our Download Catalog  Country Specific add-ons & Legal Changes  SAP ERP LOCINEXIM  SAP ERP LOCINEXIM 1.2105996 © 2015 SAP SE or an SAP affiliate company.0  Comprised Software Component Versions  LOCINLOG 606  Support Packages More technical details about the solution has been added to the following of SAP 1733618 . . All rights reserved.0 with Enhancement Package 6 or 7. Technical Release information : • Prerequisites: perform an Add-on installation on SAP ERP 6.