Cortera, Inc. announced the launch of its new Cortera Open Receivables™ platform, which extends the Cortera Pulse® service by allowing partners to integrate functionality beyond Cortera’s core accounts receivable monitoring features. New and existing Cortera Pulse® customers will now have the opportunity to access solutions from their debt recovery, credit insurance, lending and other partners from within the Cortera Pulse® application.
Companies that rely upon invoicing and payment terms need tools to manage their cash flow risks and ensure they’re getting paid as promptly as possible. As businesses grow, this becomes an increasingly important and difficult area to manage and, no one provider exists to deliver all of the solutions possible to optimize each company’s receivables management. The driving force behind Cortera Open Receivables™ is to provide a platform where companies can tailor receivable management offerings to their needs within an easy-to-access environment.
“Many companies rely on a range of best-of-breed providers to meet their risk management needs,” stated Jim Swift, president and CEO of Cortera. “The new Cortera Open Receivables™ platform follows our long history of supporting a multi-vendor ecosystem that provides customers with the strongest solutions possible. As we’ve demonstrated over our 20-plus year history, Cortera is committed to stay at the forefront of technology advances and creative thinking to bring new value to our customers and partners.”
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.
About Cortera: Cortera is a provider of comprehensive business-to-business payment and purchase behavior insights on public and private companies. The company tracks $1.6 trillion in business-to-business purchases across 45 spend categories to deliver insights on 20 million U.S. business locations. Cortera’s solutions enable companies of all sizes to better understand their customers, suppliers and business partners by gaining visibility into what they purchase, how they pay and how their purchase and payment behavior changes over time. Thousands of companies across diverse industries use Cortera solutions to increase revenue, improve sales and marketing effectiveness, and reduce risk. Cortera is privately held with offices in Boca Raton, Fla.; Boston and Quincy, Mass.; and Bangalore, India.