What is a cortera report?

What is a cortera report?

Think of Cortera Pulse as your everyday credit analyst. It monitors your customer loan portfolio and notifies you with daily alerts on changing payment behavior, risk scores, business financial news, public record filings and more.

What is a good cortera score?

Their reports offer 5 business credit scores/indexes: The Cortera Score – This is an overall score of the businesses credit worthiness, it ranges from 100 to 900, with the higher the score the lower risk of paying in a severely delinquent manner.

What is a PayNet score?

PayNet Advanced Score of Scores (PASS) enables lenders to improve efficiency and decision strategies with a single, blended score. This empirically derived statistically sound score is ideal for lenders that may lack resources, time or sufficient historic data to build a statistical model.

What is PayNet credit?

About PayNet, Inc. PayNet is the leading provider of credit ratings on small businesses enabling lenders to achieve optimal risk management, growth, and operational efficiencies.

What is the highest PayNet score?

Within the Credit History Report is the PayNet MasterScore, which utilizes 135 critical variables that impact repayment performance. It’s expressed in a score ranging from 450 to 800. Like a consumer credit score, the lower the score, the higher the probability of default.

What is paydex score for a business?

0 to 100
The PAYDEX Score is a business credit score that Dun & Bradstreet (D&B), a business credit bureau, generates. It measures how well your company pays its suppliers, vendors and other businesses it may work with. Scores range from 0 to 100, and a score of 0 represents the highest risk of a late payment.

What is PayrNet?

PayrNet Ltd is an electronic money institutionfocused on digital finance and payment solutions for businesses. PayrNet Ltd offers supply chain financing, trade financing, currency hedging, global and local payments to businesses.

What is paydex rating?

A Paydex score is a business credit score, similar to your own personal credit score. A higher Paydex score indicates you are more likely to pay bills on time or even in advance. If your score is above 80, it means that, based on your payment history, you are considered to be low risk.

What does a Paydex score of 75 mean?

Most sources say you should try to keep a Paydex score of at least 75 in order to be considered in good standing. A score of 80—a really great score—means that a business has paid their bills exactly on time. Businesses with scores between 80-100 are considered at very low risk of late payment.

Does Gempler’s report to D&B?

Gempler’s Gempler’s will report to Dun and Bradstreet. You will need to place your initial order over $50 and the select the “Invoice me” option. Then they will pull your credit. In the event that your small business is not approved, make sure to pre-pay for your order.

Is PayrNet legit?

PayrNet is a wholly owned subsidiary of Railsbank that holds the regulated financial services licenses and payment scheme memberships for Railsbank. Customers contract with PayrNet for regulated services and with Railsbank for technology services.

Is Railsbank a bank?

Railsbank is an open banking API and a banking-as-a-service platform that gives regulated and un-regulated companies access to global banking. Railsbank was founded in 2015 by Nigel Verdon and Clive Mitchell and is based in London, England.

What do you need to know about Cortera pulse?

Fortunately, it is. Think of Cortera Pulse as your everyday credit analyst. It monitors your customer loan portfolio and notifies you with daily alerts on changing payment behavior, risk scores, business financial news, public record filings and more. This is essential information for your finance team to have in hand.

What is the purpose of the Cortera network?

Cortera understands the vitality of commercial credit to economic growth and is dedicated to delivering smarter business intelligence. Fueled by over $1.3 trillion in annual B2B transactions, the Cortera Credit Exchange® network offers the best information on private companies.

How much does it cost to get a Cortera score?

This information, including the Cortera Score, payment and spend behavior – both historically and in the moment – helps you make credit decisions based on our science of Decisionomics™. Our reports are competitively priced, starting from $2.50 to $6.00. Get a glimpse into the future by viewing your company or prospect’s Cortera Score.

How to get a demo of Cortera eCredit?

For pricing and more information about Cortera eCredit, call (866) 589-0664 or sign up for a demo. We’ve been extremely impressed by both the quality and coverage of Cortera’s information. Their score has worked beautifully. Allied historically had not reported data to third parties.

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