JIC Leasing Shanghai recently introduced an intelligent overdue commercial invoice monitoring and checking system, in order to improve the quality and efficiency of risk management.

Commercial invoices, consisting of bank acceptance and commercial acceptance bills, are a form of deferred payment for enterprises and also an expression of commercial credit. The acceptance of commercial invoices can reflect the acceptor's own credit standing to a certain extent in terms of profitability, solvency, cash flow and other fundamental information. As a financial leasing enterprise, timely acquisition of customer acceptance and overdue information can provide an effective reference for project review and stock management.

In the past, JIC Leasing Shanghai relied on manual real-time monitoring of overdue invoices as issued by the information platform of the Shanghai Commercial Paper Exchange Corporation LTD., and compared thousands of overdue records against its stock customer information one by one. This traditional monitoring method suffers from a time lag, and the checking work is time-consuming and prone to mistakes.

The newly introduced intelligent overdue commercial invoice monitoring and checking technology uses Robotic Process Automation (RPA) software to replace manual execution of repetitive instructions. According to pre-set rules, the system can automatically log in to the information platform of the Shanghai Commercial Paper Exchange Corporation LTD., download the list of overdue commercial invoices from the website, and summarize all overdue information. By means of automated Optical Character Recognition (OCR) technology, key information such as enterprise name, unified social credit code and amount due can be identified and extracted, then automatically compared against the Company's stock customer information to achieve cross-software, cross-platform and multi-window operation. Based on these monitoring results, and on actual business requirements, the system can then automatically generate risk reports and send warning information in a timely manner.

Under the context that the financial industry is comprehensively accelerating the process of digital transformation, technology empowerment has become an important starting point for the development of the financial leasing industry. The intelligent overdue commercial invoice monitoring and checking technology is able to monitor the information published on the website in real time, supports one-click comparison of the customer list, and shortens the original manual monitoring and data verification time to three minutes while improving overall accuracy. This means that staff members are now freed from a significant amount of repetitive labor. It also improves the quality and efficiency of risk management, helping financial leasing companies improve their risk monitoring and warning capabilities using information technology, better meet regulatory requirements, and enable high-quality development of the leasing industry.