Reengineering an Export l etter of Credit Process Accelerates Cash Conversion
Reengineering an Export l etter of Credit Process Accelerates Cash Conversion
5 PagesCASE STUDY EXECUTIVE SUMMARY Anticipating a dramatic growth in its Asia-Pacific business, the chemical division of a global petroleum company was seeking to reengineer its export letter of credit (L/C) process in the Pan-Asia market from a largely manual operation to an electronic process. Throughout a rigorous 16-month timeline, Bank of America Merrill Lynch demonstrated its capabilities as a full-service provider with the global network,
