CM-CIC optimizes the secure transmission and archiving of receipts of funding applications thanks to EDM Efalia

CM-CIC Factor accelerates business financing with EDM Efalia

Faced with the challenges of deadlines and increased competition in the factoring sector, CM-CIC Factor has implemented the E-Defact solution based on EDM Efalia to fully dematerialize the transmission of supporting documents for financing requests. This transformation has made it possible to drastically reduce processing times, from more than two weeks to a few hours, while guaranteeing the legal compliance of the transfer process and offering superior service to customers.

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Challenge

CM-CIC Factor needed to transform its factoring process based on paper exchanges, to meet the speed expectations of its customers and the competitive challenges of the sector.

• Financing deadlines that are too long (up to 2 weeks) with mailing
• Need to guarantee the security and traceability of exchanges
• Important legal and financial issues related to the transfer of ownership of claims
• Need for integration with the existing business information system
• Requirement to comply with legal and regulatory standards
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Solution

Efalia EDM was deployed via the E-Defact solution to completely dematerialize the process of transmitting and archiving supporting documents for funding requests.

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GED Efalia Doc

• “Full web” solution requiring no installation on the client computer
• Ergonomic interface dedicated to users
• Automatic OCR recognition of invoices and credit notes
• Electronic signature of discounts in accordance with the RGS (General Security Framework)
• Integration with existing CM-CIC Factor tools

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Results

Complete transformation of the factoring process

The implementation of EDM Efalia has radically transformed the way in which CM-CIC Factor processes financing requests from its customers. The complete dematerialization of the process has not only significantly accelerated processing times, but also improved the security and compliance of operations, thus offering a decisive competitive advantage in the factoring sector.

• Total dematerialization: Elimination of paper exchanges in favor of a 100% digital process
• Intelligent automation: OCR reading of documents to automatically extract information
• Enhanced security: Secure transfer of documents with compliant electronic signature
• Optimal integration: Seamless connection with the business information system
• Guaranteed compliance: Compliance with current standards ensuring the evidentiary value of documents

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Key figures

• Drastic reduction in deadlines: Transition from more than 2 weeks to a few hours for financing
• Leading position: CM-CIC Factor has become a leader in complete dematerialization in its sector
• Overall satisfaction: Improving the experience for both customers and managers

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Return on investment

• Productivity gain: Significant acceleration of the financing acceptance process
• Assured compliance: Maintaining regulatory and legal compliance in a risky sector
• Competitive advantage: Differentiation on the market thanks to reduced financing terms
• Technological adaptation: Solution compatible with all office tools and business software

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