EPEC.com is committed to support the development of its members, solve the enterprise liquidity difficulties of capital turnover, reduce financing costs and improve financing efficiency. Now, EPEC.com provides a variety of supply chain financial services for members.
Commercial Factoring Service
Supplier signs a sales contract with Sinopec, after the completion of delivery and the acceptance to Sinopec, supplier transfers the generated accounts receivable to EPEC Factoring Company, and EPEC Factoring Company will provide financial factoring services with the right of recourse.
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Purchase Order Financing Service
When suppliers apply for bank financing, EPEC.com will genuinely share previous transaction records on its platform to the bank, so as to simplify the necessary documents and reduce the standard of guarantee and mortgages. Through this way, it may ensure a faster approval and increase the line of credit to facilitate financing for suppliers based on the transactions records on EPEC's platform.
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Currently, online financing services are only available for Chinese suppliers of EPEC.com. For overseas suppliers, please consult to your EPM for offline financing services. We are working on the construction of putting oversea financing services online, thanks for your understanding.