The General Ledge Integrative System of the Group developed by CDB Leasing was recently awarded the Best Application of Financial Institutions 2023 in the fourth Yangtze River Delta Fintech Innovation & Application Global Competition, which is one of the most professional and the largest-scale fintech competitions with the most participants. Focusing on the in-depth integration of digital technologies and financial business, the Competition is attended by representatives from thousands of top-notch financial institutions, fintech enterprises, governmental organizations, colleges and universities as well as institutional investors.
CDB Leasing’s General Ledger Integrative System marks the industry’s first transnational, collaboratively-developed project that employs parent-subsidiary general ledger docking and transaction-level general ledger techniques. It has defeated over 1,000 rivals to snatch the best application award after going through the preliminary, semi-final and final rounds, as selected by the panelists, testifying CDB Leasing’s capacity in adopting fintech approaches to boost management quality and efficiency and offering better financial services based on digital finance.
CDB Leasing finished the building of the System over 20 months. Now, it enables the accounting integration in the Group by functioning as the hub in CDB Leasing’s IT system that connects high-efficiency million-level massive data processing with look-through management at the subsidiaries and the coordinated development at the parent company. As the industrial leader, the System has been an exemplar of how a multinational may develop a general ledger system.
With the milestone as a new starting point, CDB Leasing will remain committed to market orientation, professionalism, international prospects and digital development, continuously gaining headway in fintech-empowered business development and substantially serving the real economy.
