BOCA RATON, Fla., Aug. 15, 2016 (GLOBE NEWSWIRE) -- Cortera, Inc., a leading provider of business-to-business analytics and cloud-based information solutions, is pleased to announce the attainment of another milestone in the expansion of its Cortera Credit Exchange®, which captures information on interactions between millions of businesses in the US and Canada.
The Cortera Credit Exchange provides insight into the purchase and payment behavior on over 10 million US businesses. Through July, the amount of B2B purchases contained in the Cortera Credit Exchange increased by over $170 billion since the beginning of 2016, bringing the total annual purchase insight to $1.2 trillion. The intelligence contained within this vast database enables Cortera and its customers and partners to create advanced analytics in a variety of applications, including new customer risk assessments, customer portfolio risk monitoring, supplier risk management, customer segmentation, insurance underwriting, customer profitability modeling, loan default prediction and more.
“We are passionate about continuing to expand our business insights and providing innovative solutions for our customers,” said Jim Swift, Cortera’s CEO. “The growth we’ve experienced so far this year is a reflection of the value our customers are finding in our solutions across an increasing number of industries and business applications. Our rapid product development capabilities and cloud-based data delivery platform allow us to react quickly to new product ideas and market opportunities that make the information more actionable for our partners. Going forward, we will continue to expand our data network aggressively and leverage our innovative platform to help customers solve business problems in new ways. We’re excited about the path we’re on.”
Over the past 10 years, Cortera’s data network has grown and diversified dramatically. With a strong initial base in the transportation industry, the Cortera Credit Exchange now contains powerful insights into all types of companies. Cortera optimizes the predictive power of its data with views into how companies interact with various types of suppliers, as not all suppliers are treated the same, along with trending of different types of purchases by businesses and other unique insights. Cortera provides an increasing library of hundreds of attributes designed to provide the strongest signals possible for statistical modeling and other forms of analytics.
Cortera provides analytical and cloud-based workflow solutions that enable companies of all sizes to better understand their customers, suppliers and business partners. Our comprehensive solutions increase visibility into the financial health of your B2B customers while keeping you informed of important changes that traditional credit reporting tools miss. Thousands of companies across diverse industries use Cortera’s solutions to increase revenue, improve sales effectiveness, and reduce risk. Cortera is privately held with offices in Boca Raton, FL and Quincy, MA.
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