Financial Services
Great Wall Motor - Wholesale Inventory Financing System Platform
Background
Great Wall Motor Company Limited is China’s largest SUV and pickup manufacturer. It was listed on the Hong Kong Stock Exchange in 2003 and the Shanghai Stock Exchange in 2011. By the end of 2013, its asset value had amounted to RMB 52.6 billion. Currently, Great Wall Motor owns two brands - Haval and Great Wall, which cover three categories including SUV, passenger car and pickup. With over 30 holding subsidiaries, more than 60,000 employees and four vehicle manufacturing sites, the company has developed its independent matching capacity of core parts such as engine and transmission. In June 2014, Great Wall Motor established Tianjin Great Wall Binyin Automotive Finance Company Limited, providing automotive financing business such as retail financing for customers and wholesale financing for automobile dealers.
Challenges
Great Wall Motor needs to establish an advanced and efficient wholesale inventory financing system platform for its subsidiary, Tianjin Great Wall Binyin Automotive Finance Company Limited to rapidly provide the financing service for automobile dealers, accelerate business transaction, prevent financial risks and exploit market potential.
Solutions
PCCW Solutions developed and implemented the application software system for Tianjin Great Wall Binyin Automotive Finance Company Limited’s wholesale inventory financing business to meet the requirements of the business development and achieve seamless integration with external banking system as well as the internal retail financing system and financial system, vehicle sales system and other related systems.
Value created
The new system can support Great Wall Motor’s more than 2,000 ports of its 1,000 automobile dealers to develop the wholesale inventory financing business and meet the needs of daily operations. These can help boost the vehicle sales, quickly respond to new business launch and prevent financial risks.
