SOURCE: Cortera, Inc.

Cortera, Inc.

January 20, 2016 09:30 ET

Cortera Releases Industry Payment Rankings for 7 Key Industries

Construction Industry Gets Paid Slowest

BOCA RATON, FL--(Marketwired - January 20, 2016) - Cortera, Inc., the foremost provider of business-to-business analytics and cloud-based risk management solutions has released the Industry Monitors for December 2015.

Based on data on over 10 million companies and $1 trillion in business-to-business transactions, industry payment rankings put the Construction industry at the bottom. On average, suppliers in the construction industry get paid 12.2 Days Beyond Terms (DBT). This is more than twice as slow as providers in the fastest paid industry: Food & Beverage.

Each month Cortera updates Industry Monitors for the following seven industries: Apparel & Outdoor, Building Supply, Construction, Food & Beverage, Transportation, Manufacturing Materials, and Industrial Supplies & Equipment.

Each Industry Monitor includes information on:

  • Average risk as rated by the Cortera Score
  • Average Days Beyond Terms
  • Bankruptcies
  • Risk Ratings
  • Average Monthly Balances
  • Customer Spending Trends

To read more about the scores for these seven industries, visit http://bit.ly/1QsLjhH.

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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