Cortera, a provider of essential credit data about the health of small and mid-sized American businesses, recently launched the COVID-19 Economic Impact Tracker, a free B2B business health tool that sources data from a community of thousands of companies from across the U.S.
The CEIT has the capability of generating pinpoint data on millions of small and mid-sized firms in over 100 industries. It offers a precise lens to ascertain which businesses and industries are suffering the most and which are the healthiest. Insights are driven by two metrics – company spending behaviors and payment behaviors. The data is based on B2B interactions that reflect actual credit realities of small and medium-sized companies. When using the CEIT, viewers can access various spend and payment information by industry, state and county to help understand the health of companies.
"We started Cortera because we believed that the lack of accurate and timely data about the credit status of businesses with under 500 people is a threat to the economy. Thanks to our contributor network we've filled the void with our Cortera MindUp cloud, which aggregates and analyzes data so that everyone in the credit ecosystem can make up their minds about the relative health of industries, sectors and individual companies," said Jim Swift, President and CEO of Cortera. "The ongoing pandemic has elevated the need for our core data so, in a matter of weeks, we created our COVID-19 Economic Impact Tracker, which enables those focused on the survival of small and mid-sized business – the drivers of our economy and eventually our recovery – to understand what is truly happening.”
Cortera is the leader in collecting and analyzing data about the health of the businesses that drive the North American economy. Because the vitality of commercial credit is essential to – and a marker of – economic health, Cortera's insights are invaluable to the entire credit ecosystem – lenders, borrowers, banks, insurance companies, financial analysts, economists and governments. Our community contributes data to our Cortera MindUp cloud, which holds information comprising more than $1.5 trillion dollars of annual economic interactions. Our clients use our data to help them make up their minds about credit decisions, thus enabling a new era of Decisionomics.
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