Best transaction bank for supply chain finance 2019
Bank of Communications
Bank of Communications has developed a complete one-stop supply chain management and financing platform that focuses on payment settlement, trade financing and value-added services.
The bank works with clients such as online events ticket retailers, and offers ticket purchase financing, bill discounting, accounts receivable financing and fast factoring.
In addition, the bank has helped automobile clients to build a pilot smart dealer platform.
BoCom helps clients track and manage a wide range of information, including capital and logistics flow, and the whole process of electronic sales financing is done online via the bank’s supply chain management platform.
In recent years, the platform’s bill and invoice processing capabilities have gained a wide following among large enterprise clients.
The bank handled online discounting services for more than 4,000 enterprises, with total financing amounting to Rmb80 billion ($11.6 billion) at the end of 2018.