SOURCE: eCredit

September 12, 2006 08:55 ET

CHS Selects eCredit to Streamline Credit Management

Diversified Energy, Grains, and Food Company Latest Fortune 500 to Choose eCredit

DEDHAM, MA and INNER GROVES HEIGHTS, MN -- (MARKET WIRE) -- September 12, 2006 -- eCredit, the leading provider of online solutions for credit and collections professionals, announced today that CHS (NASDAQ: CHSCP), a diversified energy, grains, and foods company, has selected eCredit to streamline and manage its credit operations for its $5 billion energy division. eCredit will enable credit professionals at CHS to optimize risk management through use of financial and portfolio analysis and credit scoring.

"We selected eCredit because it provides the full range of features that most closely fits the needs of our credit department," said Dan Beal, Director of Credit, CHS. "eCredit Enterprise Edition allows us to streamline our credit analysis processes and gain increased visibility into our customers' ability to pay. This in turn will improve the quality of the decisions issued by our credit department."

In addition to leveraging eCredit's powerful portfolio analytics tools, CHS will use eCredit to implement credit scoring models that will automatically assign risk scores to new and existing accounts. CHS expects to gain further benefits from eCredit's documentation capabilities and the ability of eCredit to centralize all customer information. In addition, with eCredit, CHS will be able to speed the credit approval process by establishing a credit limit approval hierarchy. "By routing those credit applications that require special attention to analysts with the proper authority to handle them, eCredit not only allows our department to work more efficiently but also ensures that our credit policies are enforced," continued Beal.

"CHS stands to benefit greatly from eCredit's extensive experience helping similar companies optimize their credit management function," said Jeff Dickerson, eCredit President and CEO. "We here at eCredit look forward to helping CHS meet its goals with respect to managing portfolio risk and improving operational efficiency."

About CHS

CHS Inc. ( is a diversified energy, grains and foods company committed to providing the essential resources that enrich lives. A Fortune 500 company, CHS is owned by farmers, ranchers and cooperatives from the Great Lakes to the Pacific Northwest and from the Canadian border to Texas, along with thousands of preferred stockholders. CHS provides products and services ranging from grain marketing to food processing to meet the needs of customers around the world. It also operates petroleum refineries/pipelines and, through a broad range of working partnerships, markets and distributes Cenex® brand energy products and renewable fuels, along with agronomic inputs and livestock feed to rural America. CHS is listed on the NASDAQ at CHSCP.

About eCredit

eCredit is the leading provider of online solutions for credit and collections professionals. Its award-winning on-demand software supports the mission critical processes of granting credit, monitoring portfolio risk, and collecting accounts receivables. eCredit also offers a comprehensive industry specific credit reporting and scoring solution that includes tens of millions of trade experiences on millions of companies, developed as a result of 14 years of credit management leadership. With deep roots in the credit and collections community, eCredit has continually demonstrated results by helping companies reduce bad debt and DSO while improving productivity and lowering costs. eCredit is a private company headquartered in Dedham, Massachusetts. Major clients include AB Electrolux, American Airlines, Chevron, Cisco, Ferguson, Samsung Electronics, Cargill, NEC Financial, Graybar, CDW, Sun Microsystems, and Ryder System. For more information, please visit and the logo are registered trademarks.

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