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Oracle Customer Success — China International Finance

China International Finance

China International Expands into New Markets with Oracle Cloud

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With the integrated financial and planning management platforms supported by Oracle ERP Cloud and Oracle EPM Cloud, we could rapidly and accurately acquire and analyze financial data for deeper insight into market opportunities and timely adjustment of operational strategies.

— Li Feizhou, CFO, China International Finance

China International Finance Streamlines Planning and Budgeting, Boosts Profitability, and Supports International Business with Oracle Cloud

China International Finance (SINOIF) is a group enterprise engaged in comprehensive financial services transactions. It has licenses in commercial factoring, financial leasing, private funds, and asset management. In 2016, SINOIF joined Commercial Factoring Expertise Committee of CATIS (CFEC) and the Factors Chain International (FCI) and deals with international factoring businesses. SINOIF is a member of the Society for Worldwide Interbank Financial Telecommunications (SWIFT). 

SINOIF has been planning to expand its financial services to develop new domestic and overseas markets. To support its aggressive growth strategy, SINOIF needed to provide executives with integrated financial and planning management insight into business performance.
 
Challenges
  • Grow international financial leasing and commercial factoring businesses 
  • Standardize and automate financial management to meet stringent regulatory requirements for international transaction services
  • Enhance the ability to collect and analyze metrics, such as profitability and capital flow, to develop innovative financial solutions
  • Improve strategic decisions by predicting and analyzing the risks of trade finance, asset management, and credit guarantee insurance businesses
Results
  • Deployed Oracle Financials Cloud Service to comply with international accounting standards, making it easier to meet the requirements of international banking transactions and the factoring business
  • Streamlined end-to-end financial processes for building a cross-border financial service platform
  • Automated collection and calculation of complex financial and budgeting data from multiple divisions, thanks to seamless integration of Oracle Planning and Budgeting Cloud Service with Oracle Financials Cloud Service
  • Enhanced the efficiency of the finance team and forecast accuracy thanks to higher levels of automation
  • Supported growth strategies with multiple new products, by using Oracle Financials Cloud Service to strengthen the rules of profit and loss, balance sheet, and cash flow for various businesses—including  commercial factoring, financial leasing, trade finance, and asset management
  • Gained real-time visibility into financial data—including occupied rate of current capital and project profitability calculated according to the up-to-date currency rate—enabling executives to avoid potential risks, uncover the most profitable opportunities, and make better strategic decisions
  • Used Oracle Planning and Budgeting Cloud Service’s role-based dashboard and ad-hoc reporting to identify clients’ exact financial needs, analyze their risks, and offer highly customized financial proposals—thus increasing the company’s competitive edge
  • Improved business agility by enabling employees across all the branches to conduct real-time, what-if analyses of financing scenarios—such as financing in banking, trust securities, and infrastructure—thanks to forecast capabilities of Oracle Planning and Budgeting Cloud Service

 

Oracle ERP Cloud and Oracle EPM Cloud are proactive solutions that meet the requirements of our financial and planning management platform in the areas of strategic positioning, resource allocation, execution, and analysis.

— Li Feizhou, CFO, China International Finance

Execution

After evaluating various solutions, China International Finance chose Oracle Enterprise Resource Planning (ERP) Cloud and Oracle Enterprise Performance Management (EPM) Cloud. Within approximately six months, China International Finance implemented Oracle ERP Cloud and Oracle Planning and Budgeting Cloud, implementing a cloud-based system that could meet current and future business goals.

About China International Finance

Headquarters

 
Shanghai, China
China International Finance (SINOIF) is a financial services provider. By giving priority to financial services, connecting industries and investments, and relying on the capital market, it strives to innovate for excellence with clients. Having established business offices in Shanghai, Beijing, Ningbo, Shenzhen, and Singapore, SINOIF plans to expand the business network to more international financial centers (New York and London), in the hope of building a cross-border comprehensive financial service platform with the transaction banking service system as the basis and the investment banking system as the intermediary.
 

Partners

Oracle Platinum Partner, IBM (China) Co., Ltd (IBM), implemented the financial and planning management system and completed a series of activities including project communication, survey and analysis, solution design, configuration, integration test, and user training before going live.  

According to Li Feizhou, CFO of China International Finance, “IBM, as an Oracle Platinum Partner, has a leading team that can put innovative ideas into practice. With their support, we established an effective management methodology and built an innovative financial service platform that could help China International Finance achieve long-term strategic goals and pave the way for international businesses.”
Published:  Mar 27, 2018