Eastman Chemical Implements CMS' Corporate Credit Manager to Manage Credit

LAKE BLUFF, IL ? Credit & Management Systems, Inc. (CMS), a leading provider of business to business credit management and collection software, today announced Eastman Chemical Company, a global company whose products touch the lives of people around the world every day, has implemented CMS’ Corporate Credit Manager™ (CCM) to manage their credit processes. CCM provides Eastman with credit scoring, financial analysis, and reporting capabilities in order to automate credit risk assessments and credit line recommendations of new and existing accounts.

Pam Kelley, Director of Global Credit said, “By automating the previous manual review process, we can perform on-going reviews efficiently to truly understand the quality of our portfolio and have decisions documented.”

“We are pleased that Eastman Chemical selected our Corporate Credit Manager system as the best solution for improving efficiencies and consistency in their decision processes,” said John S. Sargent, President and CEO of CMS. “CCM automates the data integration activities from their SAP system, D&B, and financial statements, and then scores the results, allowing for more focused analysis on the exceptions by their credit staff. In addition, the system provides objective and documented support to meet SOX requirements.”