SOURCE: Cortera, Inc.

Cortera, Inc.

October 02, 2015 09:30 ET

Increasing Trend in Days Beyond Terms Impacting Oil & Gas Industries

Cortera Report Detailing Trends Available

BOCA RATON, FL--(Marketwired - October 02, 2015) - Cortera, Inc., the foremost provider of business-to-business analytics and cloud-based risk management solutions, is pleased to release the Year-Over-Year Summary of Days Beyond Terms (DBT) Report in advance of the Annual International Energy Credit Association (IECA) Conference. The report details all Cortera Industry Segments but has a special focus on the Energy Industry and adjacent markets. Cortera will be at Booth 113 for the conference, October 4 through 6, 2015, at Harbor Beach Marriott Resort and Spa, Ft. Lauderdale, FL.

Cortera provides data to help customers increase their knowledge about current and prospective customers or suppliers and improve A/R performance, increase marketing conversion rates, find new customers, and minimize revenue risk while driving higher revenue. Analyzing the available data for all Cortera Industry Segments, Cortera found that DBT has risen for almost all the segments with notable migration in certain industry segments such as Transportation Services, Industrial Equipment, Oil & Gas, and Utilities. Of particular concern is the increase in 91+ DBT across certain industry segments where increases as large as 27% were observed. The data suggests that recent precipitous declines in the commodities markets might be starting to take their toll on the supply chain, especially the segments of the supply chain that have adjacencies to Oil & Gas.

For additional financial trend information covering average risk as rated by the Cortera Score, average DBT, bankruptcies, risk ratings, average monthly balances and customer spending trends, visit https://www.cortera.com/resources/industry-monitors. The Cortera Industry Monitors are updated monthly and analyze trends impacting a variety of industries including apparel, building supplies, construction and manufacturing materials.

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 business information 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.

Attachment Available: http://www.marketwire.com/library/MwGo/2015/10/1/11G063957/Cortera_YOY_Summary_of_DBT_Oct_2015-95456244991.pdf

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