CMB's online factoring business simplifies the conventional factoring procedures, reduces difficulties in managing receivables and payables, and provides holistic solutions for electronic factoring to help corporate customers manage sales accounts, cut costs, improve capital turnover, optimize financial structuring, and boost business competitiveness.
The online factoring business comprises the receivable management and online factoring systems.
1. The account management platform enables both parties involved in a transaction to share data and input receivables and payables. Both parties can check input receivables and payables immediately, dramatically cutting costs and workload;
2. The solution provides various tools for receivables and payables management, including comprehensive electronic accounting books; and
3. The solution improves cash flow prediction accuracy, thus reducing liquidity risks and financial costs.
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