Banking, Financial Services and Insurance

Integrated financial management platform for Jiangling Motors Group Finance

Company profile

Founded in 1993, Jiangling Motors Group Finance Co., Ltd. (JMCF) is an auto financial institution providing financial services for Jiangling Motors Corporation Ltd. (JMC). As the ­first enterprise group financial company set up in Jiangxi Province, the establishment of JMCF was approved by People's Bank of China and co-founded by JMC and its three subordinate enterprises.

Challenges

JMCF endeavors to provide quality and all-encompassing financial services specific for the automobile industry and become the financial provider to manage JMC’s capital settlement, loan financing, automobile finance services and finance bill. In view of the company’s closer collaboration with JMC and its dealers in the future, an integrated financial management platform was needed to enable JMCF to advance its business development, by providing one-stop-shop solution across the board.

Solutions

With a wealth of experience in developing best-in-class financial management systems for well-known automobile enterprises, PCCW Solutions has designed and built a collaborative financial platform tailoring to the business needs of JMC. The new platform enabled JMC to undergo a digital transformation by redefining the business model and value proposition of its services.

Value created

The solution empowered JMCF to flexibly adjust different borrowing limits and manage a wide range of loan products. The new common platform enables seamless integration between different commercial banks and JMCF’s internal departments and corporate finance system.

It is scalable to support more than 1,000 distributors from 2,000 agencies in China, in developing their own automobile financial businesses. It also assists the company’s day-to-day business operations, such as asset securitization for financial companies and trust organizations, and loan borrowing for dealers and consumers when getting the purchased vehicle.

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