Manikandan Narayanan
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Activity overview
Latest activity by Manikandan Narayanan-
Manikandan Narayanan created an article,
How to Discount the documents presented under the Export L/C
'Discounting' of Letter of Credit (LC) is a short-term credit facility provided by the bank. In the Letter of Credit discounting process, the bank purchases the documents or bills of the beneficiar...
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Manikandan Narayanan created an article,
Migration of Attachments
Corporates/Financiers can migrate their deals into RIVO and also any attached files related to those deals, ensuring that these attachments appear in the UI and are linked to the correct deals (ref...
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Manikandan Narayanan created an article,
How to Close an Export L/C in RIVO
The closure of the Export Letter of Credit happens when the LC is fully utilized or no more drawings or presentations are expected. The bank user is allowed to book off / close the Export L/C regis...
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Manikandan Narayanan created an article,
How to Settle the Document under Export LC in RIVO
Document Settlement in Export L/C: The process begins when an Exporter/Beneficiary submits the required documents to their Bank after shipping goods, as per the terms of a letter of credit. The ben...
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Manikandan Narayanan created an article,
Release Notes - Ver 2.10- May 30, 2024
This release contains among others: Guarantee reference - Allow to re-use a deleted deal reference number. Improvements for the rule engine such as the email sent only to the next signer. Outgoing...
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Manikandan Narayanan created an article,
Invoice Payment Confirmation - Seller
In RIVO, once the buyer completes the payment process of the invoice transaction, the role of the seller is now to check if the payments are correctly received for the relevant invoices. This can b...
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Manikandan Narayanan created an article,
Invoice Payment - Buyer
The 'Invoice' plays an crucial role in the settlement of business transactions handled between the buyers and sellers. This detailed document is created by a seller that contains all information's ...
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Manikandan Narayanan created an article,
Reports on Commissions & Fees
The Commission and Fees plays a important role for every deals. The Financiers(Banks) will receive the commission for their service provided on each of the deals booked in RIVO. This commissions ar...
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Manikandan Narayanan created an article,
Creation of Customized fields in RIVO
What are Custom fields? These are additional information fields created by the user to gather information specific to the business needs. The Key/value pair usually stores the user's information. H...
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Manikandan Narayanan created an article,
How to Amend an Issued Import LC?
'LC Amendment' signifies any change made to the terms and conditions of an LC after it has been issued. An amendment can be made at anytime after an LC has been issued and before its expiry date. T...