Finance and accounting
Bank guarantees
Records of bank guarantees for orders and tenders — monitoring of limits, validity and conditions.
Context
The Bank Guarantees module is part of the internal company portal that we designed, developed and deployed for a client from the finance and accounting field. The portal consolidates dozens of corporate agendas into one environment with unified login, roles and auditable history — and the Bank Guarantee module is a key part of it.
Challenge
Bank guarantees were recorded in tables for several people. There was no central register, providers' limits were not monitored, and the expiration of guarantees was only discovered if someone remembered it. This represented a real financial and legal risk for a company with contracts worth millions of euros.
How we delivered
Central register of bank guarantees with provider limits, validity dates and links to projects and tenders. The system warns before the warranty expires sufficiently in advance so that the client can take the necessary steps. Overview of active vs. of expired guarantees is available to the management at any time.
Client benefits
Zero risk of forgotten warranty expiration. At any time, the management has an overview of active guarantees, drawn limits and binding to orders. Legal and financial risks are managed proactively.
Step-by-step workflow
Establishing a guarantee with parameters (bank, limit, validity, conditions)
Tracking limit drawdown and upcoming expiration
Link to a project or tender
Closing the guarantee after the end of the commitment
Module capabilities
- registration of guarantees
- provider limits
- validity and expiration tracking
- connection to projects and tenders
- overview of active and expired warranties
Integrations
- projects and orders
- supplier directory
- tender module
Operations and further development
We designed the module with future development in mind — the modular architecture allows adding new fields, reports or integrations without interfering with the existing core. Clean code, documentation, and separate configuration files ensure that the system can be developed by another team — without depending on one person who knows "how it works."
For this type of solution, datatek, spol. s r. o. also provides long-term operational support, monitoring and SLA — so the client is sure that the system works even after years.
Do you need a similar module?
We will design and develop an internal application according to your processes — from analysis to deployment and long-term support.