Eastman Chemical Implemented CMS Corporate Credit Manager to Manage Credit

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.

Lake Bluff, IL (PRWEB) June 20, 2005 -- 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."

About Eastman Chemical
Eastman manufactures and markets chemicals, fibers and plastics worldwide. It provides key differentiated coatings, adhesives and specialty plastics products; is the world's largest producer of PET polymers for packaging; and is a major supplier of cellulose acetate fibers. Eastman is leveraging its heritage of innovation and strength in polyester, acetyl and organic chemistry technologies to drive growth and meet increasing demand in four select markets: building and construction, packaging, health, and electronics. Founded in 1920 and headquartered in Kingsport, TN, Eastman is a FORTUNE 500 company with 2004 sales of $6.6 billion and approximately 12,000 employees.

About Credit & Management Systems, Inc.
Credit & Management Systems, Inc., headquartered in Lake Bluff, IL, USA, is a leading developer of comprehensive system solutions for corporate and commercial credit management. CMSs highly acclaimed Corporate Credit Manager (CCM) software system is the most powerful and widely used commercial credit scoring, financial analysis, risk management, and decision support system available. CCM has come to be known as the accepted acronym for credit management software. CMS has over 1500 users, including more than 90 global firms having sales in excess of $1 billion. For further information, visit www.icmsglobal.com, call 847-735-9700 or e-mail sales@icmsglobal.com.

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