Case Study

China Energy Ningxia Coal Industry Group Boosts Efficiency of Bills and Capital Management

China Energy Ningxia Coal Industry Group Boosts Efficiency of Bills and Capital Management

Pages 2 Pages

China Energy Ningxia Coal Industry Group Co., Ltd. (China Energy Ningxia Coal Industry Group) was established on 18 January 2006, specializing in coal and coal-to-oil chemical industry. Its business scope covers deep processing and comprehensive utilization of coal, mechanical manufacturing and maintenance, energy engineering construction, etc. In 2018, its production of coal and coal-to-oil products was 67.9 million tons and 9.6 million tons respectively. Challenges China Energy Ningxia Coal Industry Group’s monthly output of bills and capital has been very high, accounting for 80% of the bills, in which paper bills take up the vast majority. Acceptance bill management has been one of the major challenges for organizations, especially for large-scale enterprises - the manual an

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