80%
faster LC processing
440+
hours saved annually
₹6.6 Lakhs
annual savings
Challenge
The client handled large volumes of import transactions through manual LC workflows, which slowed approvals, fragmented accountability, and made it difficult to track exposures and commitments in real time.
TreasuryByte Solution
FX Smart implemented a custom Import LC Management Module inside TreasuryByte to digitize the full LC lifecycle, from requisition and approvals to issuance and tracking, within one operating platform.
Solution Implemented
- Centralized LC requisition, approval, issuance, and tracking in one workflow.
- Created cross-functional visibility across procurement, Treasury, and banking partners.
- Digitized live monitoring of import commitments and open LC exposures.
Impact
Before automation
~110 min / LC
After TreasuryByte
~22 min / LC
Annual volume
300+ LCs
| Metric | Before TreasuryByte | After TreasuryByte | Impact |
|---|---|---|---|
| Processing Time per LC | ~110 mins | ~22 mins | ▼ 80% Faster |
| Time Saved per LC | – | ~88 mins | Significant efficiency gain |
| Annual Volume | 300+ LCs | 300+ LCs | – |
| Total Hours Saved | – | 440+ hrs/year | Major productivity boost |
| Cost Savings | – | ₹6.6 Lakhs/year | Direct operational savings |
- 80% reduction in LC processing time.
- 440+ man-hours saved annually with an estimated ₹6.6 Lakhs in operational savings.
- Centralized visibility over LC exposures and import commitments.