SOURCE: Cortera, Inc.


September 03, 2014 09:03 ET

Cortera Announces Caine & Weiner as the Latest Open Receivables' Partner to Join Network

Caine & Weiner Commercial Receivables Management Solutions Are Now Available Through Cortera Pulse

BOCA RATON, FL--(Marketwired - September 03, 2014) - Cortera®, the foremost provider of business-to-business analytics and cloud-based risk management solutions, has welcomed Caine & Weiner, a leading commercial receivables management company, to the list of Cortera Open Receivables™ partners. As a network partner, Caine & Weiner can now offer a co-branded version of the Cortera Pulse® monitoring tool to their customers, with a click-to-place feature that automates the placement process of delinquent accounts.

"As a debt management solution provider, one of the biggest challenges we see our customers face is obtaining timely insight into a debtor's ability to pay," said Joe Batie, Senior Vice President at Caine & Weiner. "Our new integration with Cortera Pulse provides our customers with analytics that will improve their customer risk management and streamline the workflow for identification and placement of accounts for collection."

Cortera's Pulse product is a customer risk monitoring tool that gives credit managers and other finance professionals the ability to autonomously monitor their A/R portfolio for risk and opportunity. Cortera Pulse delivers daily alerts on changes in customer risk along with portfolio analytics that enable users to identify accounts that have a high risk of payment and those that should be the most collectable. Within Pulse, the Open Receivables "click-to-place" feature allows them to capitalize on these insights and take immediate action by triggering a placement with their preferred agency.

Aside from the value derived from advanced reporting capabilities using the Cortera Pulse application, mutual customers can save time and increase efficiency through the automation of their collection process. The overall collectability on an overdue account is dramatically increased when it is discovered in a timely manner that is conducive to repayment. Additionally, organizational time is not wasted filling out placement forms or validating financial data.

"We are excited to welcome Caine & Weiner to our growing family of Open Receivables partners," said Jim Swift, CEO of Cortera. "We are committed to providing our customers with actionable analytics that combine new intelligence into customer risk with seamless workflow automation solutions to help customers easily implement these insights into their business processes."

Debt recovery agencies, credit insurers, lenders and other receivables management solution providers are encouraged to contact Cortera to join the Company's expanding network of partners. Partnering is free for solution providers while the annual cost of the Cortera Pulse subscription for individual customers is $99/month. Finance professionals are invited to take a 10-day free trial of Cortera Pulse to see how it can improve their credit and collection processes.

About Caine & Weiner

Caine & Weiner is a solution-based accounts receivable management company that provides credit and collection services to America's leading companies. Our clients are comprised of a broad cross-section of American industry; in fact, 20% of the Fortune 500 companies use our services. Our investment in applied collection technology includes state-of-the-art call centers, online collection systems and instantaneous reporting. Our continuous market analysis, monitoring of the latest industry legislation and active participation in professional associations assure that our clients are the best served in the profession. To learn more, please visit:

About Cortera

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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