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New Report Offers Regional Assessment on Commercial Delinquencies Cortera, a provider of collections and credit insight for commercial enterprises, has released their most recent data assessing the overall economic health of a region based on how well companies are paying their suppliers. In its analysis, the company said there are some indications that the economy may be flattening out from the sharp declines experienced in past reports. Cortera's database tracks 18 million public and private companies in the United States based on thousands of trade payment contributors and contains over $250 billion in accounts receivable information. Among the findings: Cortera CEO Jim Swift said one sign that the economy may be flattening out from the sharp declines is that three of the states that showed improvement have been in Cortera's Top 10 Worst list with past due percentages well above the national average. "Despite all the negative signs we are seeing across the U.S., there are some bright spots, beginning with the fact that on average businesses in 10 states saw improvements in their percent past due over the past three months," said Swift. "It's too soon to tell whether businesses are getting healthier or just more confident and paying their suppliers earlier. We will continue to track this movement as well as the worst and best states in an effort to identify early indications of a more significant shift in our overall economic health." Click here to view the full analysis. Thursday, April 16, 2009  Send a letter to the Editor, Stuart Papavassiliou at sppapa@monitordaily.com. To get your company’s news included on the monitordaily.com site and published in the Monitor, contact Chris Moraff, Associate Editor, at 610.293.1300 x112 or email news to cmoraff@monitordaily.com. If you would like to search our News Archives, please click here. |
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