About Weichai
Founded in 1946, Weichai Holding Group Co., Ltd. is a leading multinational industrial equipment group in China with significant global influence. With Weichai Power, Shacman, Weichai Lovol Smart Agriculture, Fast transmission, Hande axle, Torch spark plug, Ferretti, KION, Linde Hydraulic, Dematic, PSI, Baudouin, Ballard and other well-known brands at home and abroad, Weichai Group has 8 listed companies at home and abroad with 11 stocks. The Group employs 100,000 people worldwide and has an annual revenue exceeding 300 billion yuan.
Industry
Manufacturing
Region
Multi-Region
Company Size
100,000
The Challenge: Unsystematic Funds Management and Low Digital Intelligence Level
Refining Account Management
Due to the lack of systematic tools, in the current model, account opening and closure processes cannot leave a digital trace, with no mid-process approval or attachment filing for future reference. Account cleanup relies on manual self-reporting, lacking support from historical data. Account ledger statistics are limited in scope and lack timeliness.
Optimizing Financial Resource Allocation
Financing and bills cannot be automatically linked to credit and guarantee limits. Financing costs cannot be automatically calculated, and data quality largely depends on the business proficiency of the reporting staff.
Strengthening Cash Risk Management
When conducting bank access management and managing black and white lists, the scope of the application is determined manually, lacking a validation mechanism. There’s a lack of a big data statistics and presentation platform to create a company profile based on cash operation and financial management indicators.
Exploring Cash Flow Forecasting and Analysis
There is a desire to combine comprehensive budgeting with sales volume to estimate future cash flows, forecast cash profits and losses, and prevent liquidity risks.
The Solution: Digital and Informational Transformation of Management and Establishment of a Global Treasury
Establish a Fully Digital Account Management System
Improved the compliance management level of account funds, effectively monitored the number of accounts, and established a long-term risk control mechanism for account funds.
Build a Multi-Category, Full-Cycle Investment and Financing Platform
Enterprises can efficiently manage a comprehensive view of all investment and financing data, with one-click access to penetrate through investment and financing information. This helps activate credit resources, reduce financing costs, optimize debt structure, and monitor investment risks. Data-driven management allows for controlled funds and risks.
Enhance a Data-Driven Cash Risk Management Mechanism
By linking real-time external market data and consolidating massive amounts of internal historical data, quantitative analysis models such as position warnings, scenario analysis, and stress testing can be employed to reasonably predict cash shortfalls, reduce cash holdings, and mitigate liquidity risks.
