Cicor Factoring — Duplinet: Modernization and Automation in Factoring

Cicor is a factoring company with over 20 years of solid presence in the market, operating in the discounting of promissory notes and checks. Despite its vast experience, the operation faced a critical bottleneck: the legacy system had an outdated interface (UI/UX), which led to excessive manual work, slow processes, and room for operational errors.

As bee6’s first client, Cicor needed a solution that would bring digital agility to the heart of factoring, without losing the security required for asset management.

The Solution: Duplinet System

We developed Duplinet, a fully automatic proprietary system integrated with the Google Sheets and Google Cloud Platform (GCP) ecosystem, combining the familiarity of spreadsheets with the robustness of cloud computing. The features implemented included:

• Input Automation: Automatic reading of emails and invoices (NFs) for immediate data extraction;
• Operational Agility: Recording of financial entries with just a few clicks, eliminating massive manual data entry;
• Visual Intelligence: Check reading via OCR (Optical Character Recognition) technology, speeding up the processing of physical instruments;
• Collections Funnel: Implementation of an automated email collections funnel to reduce delinquency and internal team effort.

Strategic and Risk Management

Beyond the technology delivery, bee6 worked on the Business pillar, offering advisory services to strengthen Cicor’s financial health:

• Risk Management: We implemented processes for the analysis and mitigation of risk in credit operations;
• Debt Recovery: Direct work on asset recovery and alignment of the client portfolio;
• Portfolio Efficiency: Strategic curation to ensure the client portfolio was aligned with the company’s risk appetite.

Result: Impact on Cash Flow

With Duplinet, Cicor Factoring removed technological obsolescence and the manual work that was holding the operation back. The company now operates with real-time visibility, auditable processes, and a collections structure that has ensured the liquidity needed to keep growing in the competitive factoring market.