Never lose track of a letter of guarantee again
Manage the full Letter of Guarantee lifecycle, see bank-facility headroom before you issue, and let expiries, bank charges, and GL postings take care of themselves.
The problem
Bank guarantees, bid bonds, and performance bonds live in email threads, bank portals, and spreadsheets that never talk to the ERP. Finance teams lose track of expiry dates, cannot see how much of a bank facility is still available before requesting a new guarantee, have no audit trail linking a guarantee to the sales order or project that justified it, and rebuild the current position by hand whenever an auditor or bank asks for it.
The solution
Letter of Guarantee Management gives treasury and finance one place to request, approve, issue, and track every guarantee end to end. Facility headroom shows up before you commit, expiries trigger tiered alerts automatically, and every approval, charge, and closure posts to the ledger on its own — no spreadsheet, no manual journal entry.
Everything a treasury team needs
Every capability below is implemented in the module.
Full guarantee lifecycle
Move each guarantee through draft, approval, issuance, active, and release, expiry, or claim with a clear statusbar and the next action always in view.
Bank facility headroom
Track each bank credit line's limit, drawn amount, and available headroom, with the option to block issuance once a facility is fully utilized.
Automatic GL posting
Issuance, bank charges, and claim settlements post balanced journal entries to the accounts configured on the guarantee type — no manual journal entry required.
Type-aware expiry alerts
Configure tiered alert lead times per guarantee type so a multi-year performance bond and a ninety-day bid bond each warn at the right moment, by activity or email.
Extension & amendment tracking
Extend or renew a guarantee through a dedicated wizard, kept separate from amount and terms amendments, with a full history of every change.
Partial claim handling
Record beneficiary claims — including partial claims and disputes — and settle them with an automatic posting to the configured account.
Compliance checklists & documents
Attach a required-document checklist per guarantee type and keep versioned supporting documents against every guarantee.
Source document linkage
Link each guarantee to the sales order, purchase order, or project that justified it, so demand and audit trails stay connected.
Contingent liability dashboard
See total outstanding exposure, aging by expiry bucket, and facility utilization in one graph, pivot, and kanban dashboard.
How it works
Request
Create a guarantee, pick its type, and see the bank facility's available headroom before you submit.
Approve
Route the request through a finance-manager approval, with required compliance checklist items enforced before submission.
Issue & track
Issue the guarantee, post the GL memo automatically, and monitor days to expiry with tiered alerts.
Extend, close, or claim
Extend, amend, release, or settle a claim — each action updates facility headroom and the ledger automatically.
Frequently asked
No sales fog. If your question isn't here, email us and we'll answer it the same way.
It runs on Odoo Community with the standard Accounting, Sales, Purchase, and Project apps. No Enterprise apps are required.
Buy it on the Odoo App Store
Purchase, download and install directly from the official Odoo Apps Store — you'll always get the latest supported build.
Letter of Guarantee Management
Full guarantee lifecycle with bank-facility headroom, type-aware expiry alerts, extensions, partial claims and automatic GL posting — plus a contingent liability dashboard an auditor can read.
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