Shanghai Wanxiang Blockchain Applies for Patent on "Intelligent Invoice Status Monitoring and Anomaly Handling," Enhancing Factoring Efficiency

Shanghai Wanxiang Blockchain Applies for Patent on "Intelligent Invoice Status Monitoring and Anomaly Handling," Enhancing Factoring EfficiencyOn January 8, 2025, the State Intellectual Property Office of China revealed that Shanghai Wanxiang Blockchain Co., Ltd

Shanghai Wanxiang Blockchain Applies for Patent on "Intelligent Invoice Status Monitoring and Anomaly Handling," Enhancing Factoring Efficiency

On January 8, 2025, the State Intellectual Property Office of China revealed that Shanghai Wanxiang Blockchain Co., Ltd. had applied for a patent titled "Intelligent Invoice Status Monitoring and Anomaly Handling Method, System, Medium, and Device," with publication number CN119249098A and an application date of September 2024. The core of this patented technology lies in constructing an intelligent invoice status monitoring system designed to automate processes, improve monitoring efficiency, reduce manual intervention, and ultimately provide more reliable support for factoring businesses.

The patent describes a method, system, medium, and device for intelligent invoice status monitoring and anomaly handling. The process comprises several key steps: First, the "data acquisition step" involves connecting to enterprise systems via APIs to efficiently collect necessary invoice information. Next, the "data cleaning and storage step" processes and cleans the collected data, ensuring accuracy and completeness before storing it in a database for subsequent analysis and processing.

To achieve intelligent monitoring, the system requires pre-defined monitoring rules (the "rule setting step"). Users can customize various monitoring rules based on their needs, such as abnormal invoice amounts, upcoming due dates, and status changes. In the "verification and processing step," the system compares collected invoice information against the pre-set rules to identify potential anomalies.

Upon detection of anomalies in the "verification and processing step," the system triggers the "monitoring and notification step." This step uses multi-dimensional monitoring to promptly notify relevant personnel of anomalies, ensuring swift resolution. To further enhance efficiency and minimize manual intervention, the "intelligent processing step" incorporates a decision tree model. Upon receiving anomaly information, the system automatically executes corresponding actions based on the pre-defined decision tree, such as automatically sending reminder emails or initiating manual review.

Finally, the "analysis report step" utilizes the Apache Spark big data analysis tool to analyze monitoring data, identifying anomaly trends and providing data-driven support to help businesses optimize processes and risk management. Through these steps, the patented technology applied for by Shanghai Wanxiang Blockchain Co., Ltd. is expected to significantly improve the efficiency and accuracy of invoice status monitoring.

The patent's value lies in its positive impact on factoring businesses. Factoring often involves handling numerous invoices and capital flows, making an efficient monitoring system crucial for risk mitigation and efficiency improvement. By automating data acquisition, intelligently monitoring status, and handling anomalies, the system effectively reduces manual intervention, minimizes human error, and enhances the overall efficiency and reliability of factoring operations.

Established in 2017, Shanghai Wanxiang Blockchain Co., Ltd. has registered capital and paid-in capital of RMB 100 million, with headquarters in Shanghai. The company primarily engages in internet and related services and possesses extensive experience in blockchain technology. Tianyancha data shows that the company has invested in 12 companies, participated in 17 bidding projects, holds 57 trademark registrations, and owns 246 patents, in addition to 2 administrative licenses. This data reflects the company's strength in technological innovation and market expansion.

Notably, the company has accumulated significant intellectual property, with a large number of patents and trademarks, indicating a strong emphasis on R&D and intellectual property protection. The 246 patents highlight its sustained investment in technological innovation and robust technical capabilities, a crucial component of its competitive advantage as a technology-driven company. This patent application for "Intelligent Invoice Status Monitoring and Anomaly Handling" further underscores its technological prowess.

The successful patent application not only showcases Shanghai Wanxiang Blockchain Co., Ltd.'s strength in R&D but also lays a solid foundation for its further development in the fintech sector. In the future, as the technology matures and application scenarios expand, it is expected to play a broader role, delivering greater value to businesses. Its applications extend beyond factoring to other areas requiring efficient invoice monitoring, such as supply chain finance and e-commerce.

In summary, Shanghai Wanxiang Blockchain Co., Ltd.'s patent application for "Intelligent Invoice Status Monitoring and Anomaly Handling" represents a valuable exploration in the fintech field. Its automated and intelligent features enhance efficiency, mitigate risks, and provide strong technological support for factoring and related industries. The technology's prospects are bright, and its future market performance and positive impact on industry development are highly anticipated. In the evolving technological landscape, such innovative technologies will continue to drive the digital transformation of financial services, improving efficiency, reducing costs, and ultimately benefiting a wider range of businesses and consumers. Through continued technological innovation and business model exploration, Shanghai Wanxiang Blockchain Co., Ltd. is poised for greater achievements. Its intellectual property accumulation provides strong support for its long-term development. The successful patent application marks a significant step forward in its technological innovation and market competitiveness.

Shanghai Wanxiang Blockchain Co., Ltd., a company deeply rooted in blockchain technology for many years, sets an example with its emphasis on and continuous investment in technological innovation. This patent application is just one example; the company is expected to deliver more exciting technological breakthroughs in the future, contributing even more to industry development. The successful application of this "Intelligent Invoice Status Monitoring and Anomaly Handling" patent technology will also provide valuable experience and reference for other companies, promoting progress and development across the industry.