QuestaWeb, Inc. is now offering total automation of the letter-of-credit process as a standard feature of its global trade-management software. The feature has been fully integrated into the vendor's Importer and Exporter modules of TradeMaster 4.0.31. To ensure that all current customers have the latest enhancements, QuestaWeb will automatically upgrade their modules to include the functionality at no extra charge. The feature automatically builds and populates every document from system data, performs all financial and compliance reconciliations, issues and transmits amendments, and alerts key parties of missing documents or business terms that weren't satisfied. The system not only contains a complete history of every change, but also a real-time record of how company funds are being dispersed globally. Because TradeMaster is Web-based, banks can access the associated document binder at a company's discretion, or utilize electronic data interchange.
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