July 26th, 2010 by Alex Coté
As we do each month, today, we published our latest report of small business payment activities (see chart below). After watching as the gap grew between the payment habits of large and small businesses throughout the worst periods of the recession, both indices have now converged into a tighter pattern. The SBI peaked out in [...]
June 8th, 2010 by Alex Coté
So you landed the big client, performed your job to perfection and invoiced them for your work. The clock starts ticking. Three weeks go by and you ask your customer about your payment. “Let me check with AP.” A few more weeks go by as you work with other clients and still nothing yet. Another [...]
June 4th, 2010 by Alex Coté
As a freelancer or independent consultant the last thing you think about is getting paid. It’s usually all about selling your skill set and experience to a potential client. The assumption is that your new, often much larger, client is capable of paying your invoices in a timely manner. While this might be true, there [...]
May 12th, 2010 by Alex Coté
What a day! Yesterday we launched Cortera Circles™ – another industry first – enabling business professionals from any organization to form their own groups of trusted peers to exchange their ratings and reviews about the businesses they interact with. Here are just a few examples of Circles created by members since we launched – all [...]
May 11th, 2010 by Alex Coté
Today we officially launch Cortera Circles™ – our latest effort to fix an industry that is in need of some new thinking and bring the best of the social web to the world of commercial credit. We have not been shy about our belief that the B2B credit information space is in desperate need of [...]
May 10th, 2010 by Alex Coté
We just wrapped up rehearsals this afternoon at FinovateSpring in San Francisco. You can feel the energy and passion from the demoing companies dedicated to shaking up the commercial and consumer finance space. We have lots to share over the next several days so check back here and on our FinovateSpring page for continuous coverage [...]
May 5th, 2010 by Alex Coté
Over the last couple of weeks there have been a number of media outlets from the Wall Street Journal to Bloomberg BusinessWeek to Clark Howard at CNN all covering the same topic: Freelancers struggling to get paid. Clark Howard’s blog post yesterday hit the point home: “I think there should be a website where independent [...]
January 15th, 2010 by Alex Coté
Just last month, we reported that small businesses were paying their bills in an increasingly timely manner. After a year of predictable delinquencies, Main Street was exhibiting payment behavior more typical of better times. But as we said then, and as is evidence in the latest NFIB survey, this improving behavior seems to fly in [...]
December 22nd, 2009 by Alex Coté
Of all the ‘Great Recession’ stories in 2009, perhaps none painted a bigger picture of the Main Street vs. Wall Street divide than the small business credit crunch. You know the storyline well. Battered with high risk debt, banks and other lenders became increasingly reluctant to provide the vital credit lines to the nation’s primary [...]
December 14th, 2009 by Alex Coté
Today, we published our latest report of small business payment activities (see chart below). After witnessing a growing gap between the payment habits of large and small businesses – as recently as a month ago small businesses payments languished at a 38 percent higher days beyond terms (DBT) than big businesses, who had since returned [...]
