Know the true landed cost of every import and keep every LC under control.
Importers and exporters deal with LCs, shipments, customs and many charges per order. MadOn keeps them in one file per LC and links them with stock, sales and accounts.
Industry challenges → how MadOn solves it
- 1
Challenge: Duties and import expenses are not added to item cost.
How MadOn solves it: Landed cost includes duties and import expenses in the item cost.
- 2
Challenge: LC documents, shipments and customs papers are scattered.
How MadOn solves it: Each LC file holds the import PO, import shipment, customs GD and import expenses, through to LC retirement.
- 3
Challenge: Customs duty rates are looked up by hand.
How MadOn solves it: HS codes and customs duty types are set up once and used across import files.
- 4
Challenge: Export orders need ports, Incoterms and container details on every document.
How MadOn solves it: Sales & Export holds countries, ports, Incoterms, shipment terms, container sizes, export LCs and container information.
- 5
Challenge: Foreign-currency payments and bank charges are hard to track.
How MadOn solves it: Banking keeps currencies and exchange rates, and export bank charges can be set in rate lists.
One LC file from purchase order to retirement.
- LC file
- Import PO
- Shipment
- Customs GD
- Landed cost
- LC retirement
- LC file
- Import PO
- Shipment
- Customs GD
- Landed cost
- LC retirement
Modules you would use
- Import & Export (LC management)Run each LC as a file and know the true landed cost of every item.
- Purchase (Accounts Payable)From departmental demand to supplier payment, every step on record.
- Sales (Accounts Receivable) & ExportQuotation to cash in one flow, for local and export sales, ZATCA ready.
- Banking & TreasuryBank accounts, cheques, reconciliation and loans in one place.
- Inventory & StoresEvery item in, out and between stores, with stock value you can trust.
- Accounts & General LedgerA general ledger that fills itself from every module, with statements ready when you close.
Questions
What goes into landed cost?
The item cost plus customs duties and the import expenses recorded against the LC file.
Does it cover export as well as import?
Yes. Sales & Export covers export LCs, ports, Incoterms, shipment terms, container information and commission types.
[A case study for this industry is coming soon.]
See MadOn ERP on your own processes.
Tell us what you run today. We will show you the modules that fit, in English or Arabic.