Project background:

A vehicle manufacturer is a leader in China's auto industry, with sales of 2.356 million vehicles in 2022, up 9.5 per cent from a year earlier, accounting for 8.8 per cent of the domestic market. The company has multiple production bases and R & D centers at home and abroad, and its products cover multiple market segments such as passenger cars, commercial vehicles, and new energy vehicles. The company is facing fierce competition in both domestic and foreign markets, and needs to continuously expand production capacity, upgrade technology, expand channels, and optimize costs to maintain market advantages and profitability.

Customer pain points:

In the process of the development of the automobile industry, the enterprise credit report is an important basis for evaluating the credit status of enterprises, managing credit risk, obtaining financing support and carrying out cooperative transactions. However, the enterprise has the following problems in terms of credit reporting:

-The cost of obtaining credit reports is high, and it is time-consuming and labor-intensive to entrust professional credit investigation institutions or banks, and the timeliness and accuracy of the reports are difficult to guarantee;

-The content of the credit report is single, which only reflects the basic information, credit information and bad records of the enterprise, lacks comprehensive evaluation and risk warning of the enterprise, and cannot meet the diversified needs of the enterprise;

-The use of credit reports is inefficient, the format and content of the reports are not uniform, it is difficult to conduct data research and comparison, and it is not conducive to information sharing and communication with partners and regulators.

Project purpose:

In September 2023, in order to address the above issues, the company commissioned a credit risk assessment and management project for the following purposes:

-Reduce the cost of obtaining credit reports, improve the timeliness and accuracy of reports, and provide timely and reliable data support for business decisions;

-Enrich the content of credit credit reports, introduce multi-dimensional evaluation indicators and risk factors, and provide comprehensive and in-depth research reports for the credit management of enterprises;

-Improve the efficiency of the use of credit reports, establish a unified report format and content, and provide convenient and efficient tools for enterprise data research and information sharing.

Research object:

The research objects of this project include the following two categories:

-The company's internal departments, including finance department, marketing department, research and development department, production department, purchasing department, sales department, etc., a total of 20 departments, about 100 employees;

-The external parties of the enterprise, including suppliers, customers, partners, competitors, industry associations, government departments, credit investigation agencies, banks, etc., a total of 50 units, about 200 representatives.

Project Content:

The main contents of this project include the following four aspects:

-Research on the needs of credit reporting, through questionnaires, interviews, seminars, etc., to understand the current situation, problems, needs and expectations of the enterprise in credit reporting, and to clarify the objectives and scope of the project;

-Data collection of credit report, through database query, file access, etc., to collect the basic information, financial information, credit information, business information, industry information, market information and other relevant data of the enterprise, to ensure the integrity and validity of the data;

-Credit credit report data research, through data cleaning, data integration, data modeling, data evaluation and other ways, the credit status of the enterprise to carry out multi-dimensional evaluation and risk research, generate credit credit score and credit risk rating, put forward credit risk warning and recommendations;

-Credit report data display, through data visualization, data reporting, data platform and other ways, the enterprise's credit report is presented in a unified format and content, to facilitate the enterprise's data research and information sharing, while providing online query, update, download and other functions.

Project Value:

The successful implementation of this project has brought the following values to the enterprise:

-Save the cost of obtaining credit reports for enterprises, improve the timeliness and accuracy of reports, provide timely and reliable data support for business decisions, and improve the credit level and credit image of enterprises;

-Provide enterprises with rich credit report content, introduce multi-dimensional evaluation indicators and risk factors, provide comprehensive and in-depth research reports for enterprise credit management, and help enterprises identify, prevent, control and resolve credit risks;

-It has improved the efficiency of the use of credit and credit reports for enterprises, established a unified report format and content, provided convenient and efficient tools for data research and information sharing for enterprises, and promoted information communication and trust building between enterprises and partners and regulatory agencies;

-Created the added value of credit report for enterprises. Through the data research and data display of credit report, it provided enterprises with insight and suggestions on industry, market, competition, innovation, etc., and provided reference and support for the development strategy and business development of enterprises.