When you do, you’ll see there’s a huge need to democratize the world of company credit ratings and business information. Consider the fact that only 10,000 businesses contribute trade information on 25 million US businesses. That means the same big businesses provide the vast majority of data; meanwhile countless interactions and experiences from millions of small business —- the heart of American business — are being ignored. No data information is ever perfect, but with a relatively minuscule number of business contributing, no common standards, and no government organization responsible for collecting this type of information, it’s no wonder the system is broken!
Cortera is driving real change through a two-pronged approach. First, we make the vast amount of current comprehensive commercial credit data and ratings available and affordable for everyone. Second, we’re creating a totally new source of company credit ratings by establishing the first online credit community for finance pros and small business owners so they can now provide their own ratings on millions of businesses. By prying open a previously closed off world, we’re not just increasing transparency, but slashing the costs and making it easier for you.
The best way to figure out how to use our credit ratings, is to join the Cortera Community today, and it’s free. For the first time people just like you can post their own “user generated” company ratings and get the inside scoop from real people reporting on real companies. Now you too can monitor the financial health of virtually every company you do business with. Plus, you can also obtain the same credit data provided by the traditional bureaus, but at a fraction of the price.
Navigating a commercial credit report shouldn’t be a complicated exercise that’s why we make our reports and scores simple to follow so in a quick glance you’ll have a complete view of the financial health of a business. Our credit score is straightforward. One of the key factors in determining such scores is payment behavior, which is often measured in average days beyond term (DBT) or how many days past due is an invoice. A Cortera score of 600 or greater is considered favorable and has a corresponding average days beyond terms (DBT) of less than 5 days. A score of less than 300 is low and is considered poor or risky. Scores of 300 or less have a corresponding average days beyond terms (DBT) of more than 45 days.
It’s No Wonder we’re Well on Our Way to Being the Industry’s Most Comprehensive Commercial Credit Rating System!
Cortera: You Report and You Decide.™