November 2nd, 2011 by Emily Cittadino
Check out this interview with Cortera customer Dave Schier, Credit Manager, Jacobus Energy “CPR is definitely the best value out there” “I love Cortera because it really provides me with the tools that I need to effectively do my job as efficiently as possible.” See how Jacobus Energy one of the nation’s premier petroleum provider [...]
November 19th, 2010 by Alex Coté
It’s not exactly the title you want to win, but Florida businesses on average are the slowest at paying their invoices in the nation. According to Cortera’s monthly report on businesses accounts receivable debt past due by state for September 2010, Florida businesses are 23.91% past due making them the slowest in the country. Michigan [...]
March 18th, 2010 by Alex Coté
Earlier this week, CNBC (via Reuters) published what looks to be great news when it comes to embattled consumers: Major credit card companies were reporting an improvement in delinquent payments. Simply put, their clients (aka The consumer), were suddenly paying their bills at a faster clip. And while reasons other than improved personal finances were [...]
February 22nd, 2010 by Alex Coté
Visit your local chamber of commerce website and you are bound to see list of reasons to join – the benefits of membership. Among the most common cited: networking, advocacy and public policy, awareness and marketing, and of course, local credibility. And now we can add another to the list – one uniquely relevant to [...]
January 27th, 2010 by Alex Coté
Good news, Nevada. You’re no longer the poster child for delinquent payments. While it’s a bit too soon to be popping the champagne – Nevada still ranks #1 in percentage of accounts 90+ days beyond term – Oregon businesses now own the dubious distinction of leading the nation in late payments. According to our latest [...]
October 22nd, 2009 by Alex Coté
The good news: The vast majority of your customers and partners are paying their bills on time. The bad news: The delinquent minority is only getting worse. Having access to the A/R activities of millions of businesses provides us with a unique view into the nation’s cash flow. And since the beginning of the year, [...]
October 21st, 2009 by Alex Coté
Yesterday we focused on how companies in Nevada have the highest amount of past due accounts receivable debt in nation for the first 9 months of the year, giving the recession weary state another dubious distinction. On the flip side, businesses based in all 6 New England states have maintained better than average – or [...]
October 20th, 2009 by Alex Coté
Today we issued our monthly best and worst states in terms of the payment behavior of companies in those states. We started this reporting back in January and one data point has been consistent: the state of Nevada has remained at the top of worst performing states with over 25% of corporate receivables past due [...]
October 7th, 2009 by Alex Coté
As covered in past Cortera SCI reports, confidence in sales normally spurs companies to grow inventories with the belief that they will be able to move those goods in the future. Cash flow to suppliers tends to tightly match the demand for their goods by the end customer. In a healthy economy companies are paying [...]
September 2nd, 2009 by Jim Swift
In case you missed it, there was a great front page article yesterday in the Wall Street Journal entitled “Big Firms Are Quick To Collect, Slow to Pay” about how, you guessed it, the biggest companies are speeding up their collections efforts while slowing payment to their small business partners. In essence big companies are [...]
