As a Credit Manager for Interstate Companies Inc., we use Cortera to set up new credit lines and monitor existing ones. We rely on Cortera’s $4 Risk Reports to look at trade data, and their Daily Alerts to monitor suits, liens and judgment filings on individual accounts. We measure the capacity of a given company by its trade lines and use Cortera’s data to establish credit availability for customers that are applying for credit. Pulse has made my job easier in multiple ways. It has freed my time from making individual trade reference calls (which can be very time-consuming), and instead, it has placed the data at my fingertips. You could spend hours and hours trying to monitor and build this data for yourself and get appropriate KPI measurements – or, you could use Cortera to do it for you. I have found Cortera’s data to be very accurate and cost-effective and it allows me to spend my time on value added tasks versus crunching numbers, creating reports, and trying to analyze the data. The cost benefit analysis is really through the roof. We manage our Company’s portfolio risk through the use of Cortera’s monthly CFO reports. The data in the reports allows me to quickly and easily take action. Our CEO and CFO both view Cortera’s monthly CFO Report and have stated that the data is presented in a very easy-to-read, digestible format, where you can clearly see what is going on with the overall financial health of your customers. We have tried the other “Big Name” data shops and have found Cortera’s solution to be the best benefit, for the lowest cost. Cortera has come into the marketplace and added value. We want to be able to keep tabs on our customers without spending a fortune and I think Cortera complements what we do nicely from a monitoring and reporting aspect. With about $40 million in receivables, we trust Cortera to monitor the risk within our portfolio. It’s been a good relationship to have Cortera as a business partner, and I would recommend them to any business that is looking to lower their costs and still achieve the same level of data and reporting as some of the other big brands offer (for less!).
-James Sarkkinen, Credit Manager
Interstate Companies, Inc.