Chevron Phillips Chemical implemented HighRadius Credit Management Software to streamline its credit management process, resulting in a 61% faster customer onboarding, a 96% increase in credit limit reviews, and an 89% reduction in time spent on credit reviews. The company automated manual processes like credit applications and approval workflows, providing real-time visibility into customer profiles and reducing risks associated with delayed onboarding and inaccurate data. This transformation helped Chevron Phillips enhance operational efficiency, mitigate credit risk, and support its sales growth, particularly in complex joint venture scenarios.

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