How CITGO Achieved 40% Faster Credit Review | NACM Credit Congress
June 07, 2017

CITGO Presents at NACM Credit Congress: Showcases How to Achieve 40% Faster Credit Reviews; HighRadius to Exhibit

CITGO Petroleum Corporation will reveal the strategy to achieve 40% faster credit reviews and 100% faster customer onboarding with credit management automation at the industry’s largest gathering of credit professionals. DALLAS, TX JUNE 07, 2017 - CITGO will be presenting “CITGO: Best-in-Class, Proactive Credit Management—From the Drawing Board to Real-World,” to share how to articulate business requirements, align stakeholders and develop a project plan for credit automation. The educational speaking session will be co-presented by Julia Coussens, Senior Information Analyst at CITGO Petroleum Corp., and John Stryker Credit Manager, at CITGO Petroleum Corp., highlighting their journey traversing from an idea to the implementation of a proactive credit management automation system. HighRadius Corporation, the pioneer of Integrated Receivable Solutions, will be exhibiting at the NACM National Credit Congress and Exposition, being held on June 11 – 14 at Gaylord Texan Resort, Dallas. HighRadius experts will be available at Booth 300 and 302 to demonstrate how receivables operations locked in silos is a thing of the past and Integrated Receivables (IR), is the future. There will be a live demo of the HighRadius™ IR solution June 12th at 2:45 PM, showing how global organizations are improving operational efficiency and reducing DSO. The NACM Credit Congress is the industry’s largest gathering of credit professionals. It offers more than 60 compelling educational sessions, ranging from the fundamentals to more refined, challenging subjects in the credit management space. Apart from an excellent networking opportunity, this event also provides a platform to learn proven best accounts receivables practices, participate in NACM accredited certification courses and explore industry recommended products and services essential for effective credit management. Julia and John of CITGO will be presenting their case study, “CITGO: Best-in-Class, Proactive Credit Management—From the Drawing Board to Real-World,” in the Day 5 Educational Session 25594. The session, scheduled on Wednesday, June 14th at 3:30 pm, will focus on the strategy adopted by the CITGO credit team to meet the target of driving credit operations with the objective of securing profits and controlling business risk. Their credit processes were manually intensive, interdepartmental communication was a challenge and enforcing policy and compliance was problematic. Julia and John will discuss how the team transcended the limited functionality of the standard SAP credit module with the help of SAP-certified automation enhancements. The team will also discuss how CITGO streamlined their credit process and overcame the problems of high DSO levels, stalled interdepartmental communication, deteriorating KPIs and inefficient decision making. Attendees will learn how to identify core business requirements, gain stakeholder alignment and leverage real-time decision making with the help of Artificial Intelligence (AI)-enabled process automation. HighRadius experts at Booth 300/302 will exhibit their flagship HighRadius™ Integrated Receivables solutions suite, an AI-powered automation technology that improves efficiency and KPIs across credit management, collections management, invoicing and dispute management. “Automation across the order-to-cash cycle has evolved from a differentiator delivering competitive advantage to a standard practice essential for survival,” says Jay Tchakarov, VP of Product Management and Marketing from HighRadius. “Over the last 12 years, spanning hundreds of implementations at Fortune 1000 clients, HighRadius has established a strong track record of providing best-in-class receivables management solutions and meeting aggressive ROI objectives.” Attendees are encouraged to stop by on Monday, June 12th at 2:45 pm to view the live demo of the HighRadius™ IR technology, which will provide an insight into its functionality and how it streamlines receivables operations to drive efficiency and improve KPIs. HighRadius will be hosting a partner dinner with Jonathan Neil & Associates on June 12th. The attendees will learn the receivables transformation that organizations are undergoing as they get to address the gathering and share their success stories. The hobnobbing will continue the next day with another partner dinner with Seafax and Blakeley LLP on the evening of June 13th. RSVP for the dinner events. About CITGO Petroleum Corporation CITGO, based in Houston, is a refiner, transporter and marketer of transportation fuels, lubricants, petrochemicals and other industrial products. The company is owned by CITGO Holding, Inc., an indirect wholly owned subsidiary of Petróleos de Venezuela, S.A., the national oil company of the Bolivarian Republic of Venezuela. For more information, visit About HighRadius Corporation HighRadius is a Fintech enterprise Software-as-a-Service (SaaS) company that provides an Integrated Receivables Platform to optimize receivables and payments functions such as credit, collections, cash application, deductions, and electronic billing and payment processing. The Integrated Receivables platform allows suppliers to digitally connect with buyers via the RadiusOne™ network, closing the loop from supplier receivable processes to buyer payable processes. HighRadius TM solutions have a proven track record of reducing days sales outstanding (DSO) and bad debt, and increasing operation efficiency, enabling companies to achieve an ROI in just a few months. For more information please visit For More Information Contact: Tara Gallagher Senior Marketing Manager
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