CMS installs Corporate Credit Manager Energy version for Premcor

Credit & Management Systems, Inc. (CMS), a leading provider of business to business credit management and collection software, today announced that the Premcor Refining Group, one of the largest independent petroleum refiners in the U.S, has installed the Energy version of CMS Corporate Credit Manager (CCM) software system to manage their receivables credit.

Lake Bluff, IL (PRWEB) June 29, 2005 -- Credit & Management Systems, Inc. (CMS), a leading provider of business to business credit management and collection software, today announced that the Premcor Refining Group, one of the largest independent petroleum refiners in the U.S, has installed the Energy version of CMS Corporate Credit Manager (CCM) software system to manage their receivables credit. CCM provides credit scoring, financial analysis, third party data integration, collateral management and reporting capabilities to automate credit risk assessments and credit line recommendations for new and existing accounts.

Bob Fraczkiewicz, Director of Credit at Premcor Refining Group said, Corporate Credit Manager provides us with a consolidated tool to assist us with managing our credit risk and making timely credit decisions. CCM allows us to manage exposure, view credit file information, create reports, comply with SOX, and administer collateral agreements."

Premcor selected our Corporate Credit Manager Energy System to help them make accurate, consistent, on-the-spot decisions, frequently on transactions involving large dollar amounts" said John S. Sargent, President and CEO of CMS. We are pleased to have Premcor join the more than 50 energy firms that have chosen CCM to fill the gap in credit risk functionality typically not met with ERP or Energy Risk Systems."

About Premcor
The Premcor Refining Group is one of the largest independent petroleum refiners and marketers of unbranded transportation fuels and heating oil in the United States.

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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