due to the risk of fraud, the accounts receivable business of big banks is shrinking, but the market demand is still there. it is conservatively estimated that the market scale of supply chain finance can reach 20 trillion yuan in the future, while the current accounts receivable business scale is only 1 trillion yuan. moreover, with the internet technology, commercial factoring institutions, mutual fund institutions have access to this market opportunities.
supply chain finance risk control four catch
the essence of risk is caused by information asymmetry. the key of risk management is the ability to control information. in terms of risk control of supply chain finance, banks have an advantage over large customers, while small and medium-sized customers like jd have an obvious advantage. however, their problem is that information is not disclosed.
a financial controller of supply chain finance listed "four catch-22" for risk control of supply chain finance:
first, in the selection of the industry to grasp the general trend, "taboo" the whole chain is trading companies without a physical enterprise;
second, in terms of the choice of the company, the borrower shall operate for more than three years and cooperate with the core enterprise for more than two years.
third, at the capital end, the first choice of the bank, especially in the process of each transfer of funds will be issued transfer vouchers of the bank;
fourth, do supply chain finance also need endorsement, can introduce insurance or guarantee agencies.
whether it is banks, e-commerce or core enterprises, platform is a trend.
compared with the traditional model, online supply chain finance has three characteristics:
first, platformization;
second, high efficiency of customer experience;
third, risk visualization.
the online supply chain finance with the characteristics of platform will gradually become the mainstream business model. small and micro-sized customers who cannot get financial services offline will achieve some breakthroughs online and with the support of data technology.
in addition, the platformization of supply chain finance has brought about new profit space. after one year of operation, the sales of a large manufacturing enterprise increased by 16% year on year, the ratio of inventory to sales decreased by 20%, and the comprehensive return on cash investment increased by 1.2% year on year.
this may change the "passive attitude" of core enterprises to supply chain finance. china's core enterprises always try their best to squeeze upstream and downstream; internationally, for example, volvo and michelin enhance the competitiveness of the whole ecological chain through supply chain finance, so supply chain finance is not just financing small and medium-sized enterprises.
how do core enterprises strengthen risk control?
with the expansion of user operation and product operation, the contradiction between risk control end and business end becomes prominent. how to solve this contradiction?
the default of the core enterprise will lead to the collapse of the whole supply chain finance.
core enterprises need to comprehensively integrate information flow, logistics, business flow and capital flow to establish a complete and efficient supply chain ecosystem.
the core enterprises need to build an online supply chain platform to attract more upstream and downstream enterprises to settle in; secondly, establish a perfect data system and accumulate relevant data of upstream and downstream transactions to solve the problem of asymmetric and unshared upstream and downstream information. finally, it is necessary to access the online supply chain finance service and inject capital flow into the supply chain with the help of third-party financial service providers, so as to improve the operation efficiency of the supply chain and achieve the goal of all-platform co-existence and win-win.
when developing new supply chain finance, we should study the specific business of the platform and customize financial products according to its business characteristics and the needs of small and medium-sized enterprises. through the business process, relevant data are collected, including subject information, transaction data, logistics data, etc., to improve the credibility of platform data.
explore potential economic value based on new data analysis; verify the trading model through low-frequency data; through data to express the enterprise's credit to improve the degree of risk control.
the choice of core enterprises in supply chain
1. consider the operating strength of core enterprises.
for such factors as equity structure, main business, investment income, tax policy, existing credit, contingent liabilities, credit history, industry status, market share, development prospects, etc., the supply chain financial credit quota shall be set for core enterprises according to a certain proportion of purchase cost or sales revenue in previous years.
2. investigate the management ability of core enterprises to upstream and downstream customers.
1) whether the core enterprise has access and exit management for suppliers and distributors;
2) for suppliers, whether dealers provide exclusive preferential policies, such as production priority, order guarantee, sales rebate, price difference compensation, marketing support, etc.;
3) whether there are incentive and restraint mechanisms for suppliers and dealers.
3. investigate the ability of core enterprises to assist banks.
can the core enterprise help the bank increase the default cost of supply chain finance by virtue of its customer relationship management ability?
4. it is necessary to control supply chain financial risks.
choose the core enterprise of supply chain finance and promote the common development of economy. supply chain finance is like a "double-edged sword". while increasing the operation efficiency of supply chain enterprises, we should also pay attention to certain risk factors generated by their operation.
in the future, core enterprises will be more willing to develop supply chain, and the combination of industry and finance will be further strengthened. among them, core enterprises of manufacturing and e-commerce platform are the mainstream. banks will still play a major role in the business of supply chain finance, and their professional advantages cannot be replaced.
in the internet era, supply chain finance has opened up a new route of financing for small, medium and micro enterprises. while guiding compliance and punishing violations, it has also promoted the further improvement of supply chain finance through transparent supervision, clear access threshold, and technological progress, making it a dark horse in the dilemma and overcoming obstacles in the way.
source: sina finance and economics