Accounts receivable financing not only broadens the financing channels for small and micro enterprises that lack real estate mortgage, but also helps core enterprises to close the cooperative relationship with the best businessmen, reduce the occupation of their own funds, and reduce the overall cost of the first chain.
The accounts receivable financing service platform is a financial infrastructure built by the Credit Information Center of the People's Bank of China under the guidance of the head office of the People's Bank of China, aiming to serve the accounts receivable financing business. Relying on the Internet, the platform builds a bridge of information communication between banks and enterprises, and helps solve key problems such as information asymmetry, difficulty in account confirmation, and difficulty in notification of pledge transfer in accounts receivable financing. As of the end of September 2023, the platform has facilitated a total of 4700,000 transactions, amount 201 trillion yuan, of which 38 were facilitated by the financing of small, medium and micro enterprises40,000 transactions, amount 157 trillion yuan.
The first-chain financing model launched by the platform supports high-chain enterprises and banks to achieve efficient and whole-process financing, improves the efficiency of accounts receivable financing business, promotes the coordinated development of core enterprises and upstream financing enterprises in the chain, and realizes a win-win situation among core enterprises, financing enterprises and commercial banks.
Based on the online standardized and automated operation process, it avoids the complicated links such as submitting different procedures and stamps for different banks offline, which greatly saves manpower and material resources, reduces system development costs, improves operational efficiency, and allows enterprises to have more financing options. Using the anti-factoring business management module provided by the platform for core enterprises can also effectively improve the management and collaboration capabilities of the first chain.
In terms of business, with the support of key data such as historical transaction information, account information, and payment information confirmed by the core enterprises and sent to the business platform, the financing business can easily push the financing application to the commercial bank, which greatly improves the financing availability and the efficiency of the financing process, and allows the business to obtain funds for business turnover more quickly.
In terms of capital providers, the docking between commercial banks and the platform realizes the docking with a number of core enterprises at one time, that is, based on the historical transaction data and account data between the core enterprises and the financing providers, it can more effectively review the authenticity of the background, and help to expand high-quality customers, and at the same time improve the efficiency of pre-loan review through online automated operation, saving labor costs and system construction costs.