Global Credit Services, LLC to Provide Eastman with Credit Services in North America, Europe, Asia and Latin America Under Multi-Year Agreement

NEW YORK, April 9 /PRNewswire/ -- Global Credit Services will provide Eastman Chemical with credit services in North America, Europe, Asia and Latin America under a multi-year contract the two companies signed recently. Under the terms of the contract, Global will provide credit analytics and customized decision-making software for Eastman's business customers. Global will also provide support for Eastman's credit professionals. The technology supporting the services consists of a sophisticated suite of credit scoring applications all running on Global's hosted platform.

"Global will help us evaluate and monitor the financial health of our customers which has become increasingly important in today's marketplace," said Pam Kelley, Director of Global Credit at Eastman. "With Global Credit Services, we benefit from a disciplined, uniform tool providing consistent and timely assessment to facilitate improved credit decisions and efficiency gains on a worldwide basis."

"Global is excited to be part of Eastman's risk management strategy," said Arthur Stein, CEO of Global.  "Global's commitment to operational excellence and continuous improvement, combined with its cost competitiveness and ability to scale its operations, will be instrumental to Eastman's business over the coming years. We look forward to delivering this value to Eastman's operations."

About Eastman

Eastman is a Fortune 500 company that manufactures the chemicals, fibers and plastics that give everyday products the strength, design and functional characteristics desired by consumers and commercial customers worldwide. The company blends technical expertise and innovation to deliver practical solutions and is committed to finding sustainable business opportunities within the diverse markets it serves. A global company headquartered in Kingsport, Tennessee, USA, Eastman had 2009 sales of $5 billion.

About Global Credit Services

Global Credit Services is a leading provider of web-based credit information and risk management solutions and has been a trusted resource for credit professionals for more than 14 years. Global helps corporations measure, control, and mitigate credit risk with in-depth credit analysis, industry-specific credit scoring models and a robust database covering U.S. and international companies. Global's ClearPath, its new suite of flexible tools, enables users to select the core service and add-on functionality they need to make informed decisions about their prospects, customers and partners.  ClearPath speeds and standardizes credit-risk management decisions by providing timely, relevant, unbiased and actionable analysis and information.

http://www.globalcreditservices.com

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SOURCE Global Credit Services