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CECEP Commercial Factoring Co., Ltd. (hereinafter “CECEP Commercial Factoring”), a subsidiary of CECEP Capital Holdings Co., Ltd., officially put online the CECEP Commercial Factoring Cloud Voucher System, a platform for factoring services of the supply chain on April 15. The same day, the pilot project jointly launched by CECEP Commercial Factoring and Jiangxi General Energy Conservation Co., Ltd. under CECEP Lattice Lighting Co., Ltd. landed on the platform, generating the system’s first cloud certificate.
Responding to the national supply-side structural reform, the CECEP Commercial Factoring Cloud Voucher System (http://blsystem.cecep.cn) was built as a “one-stop” supply chain financial service core network cloud platform based on cloud computing and big data. In contrast with traditional offline factoring operation, the system provides “one-stop” online operation service. Through integrating multiple resources such as core enterprises as well as their upstream and downstream enterprises and based on factoring services, it leverages the circulation of “cloud certificates,” a kind of dividable, transferable online real-time payment tools, to facilitate the online factoring operation of receivable and payable accounts for core enterprises of CECEP. This can enhance the payment capacities of core enterprises in the system, lower the current fund employment rate, and effectively abate the fund shortage of upstream and downstream supply chains of those core enterprises.
The CECEP Commercial Factoring Cloud Voucher System can help CECEP subsidiaries cut fund employment rates arising from the needs of receivable and payable accounts and providing financing services for clients in the supply chain, thus achieving on-demand financing and interest accruals on a daily basis. Moreover, it can help multi-level suppliers in the industrial chain revitalize their receivable accounts, provide new solutions to enhancing assets liquidity, and promote innovation in industry-finance integration.
