BOCA RATON, FL– September 13, 2011 – Cortera®, a leading information provider that compiles insights on U.S. businesses, today announced the publication of its July 2011 Supply Chain Index (SCI) report, a monthly index of accounts receivable (A/R) activities covering manufacturers, distributors & wholesalers, retailers, services, and transportation companies. Measuring payment activities of approximately 200,000 businesses, the July 2011 SCI registered 6.16 days beyond terms (DBT), remaining near its record low of 5.05 in May 2011.

The Cortera SCI tracks late payments against agreed upon terms, measuring late accounts receivable (Late A/R), excessively late accounts receivable (Late A/R >30 days), and overall average days beyond terms (Average DBT). A three year view of this data is available on Cortera’s website. The Cortera SCI report is published monthly.

About Cortera
We created Cortera because businesses deserve to have better information about their customers, suppliers and partners—especially private ones. Cortera compiles information about businesses to give you the inside story on nearly every U.S. company. Now businesses can better manage risks and increase revenues with new intelligence from Cortera.

##

Media Inquiries: please contact Alex Coté at 857-403-1370.

BOCA RATON, FL – July 12, 2011 – Cortera®, a leading information provider that compiles insights on U.S. businesses, today announced that its Cortera Risk Data and Reporting℠ solution is now an SAP-endorsed business solution. The solution provides companies of all sizes and industries with new insights about other businesses. The information can be integrated with the SAP® BusinessObjects™ Spend Performance Management application through the SAP BusinessObjects Data Enrichment and Classification OnDemand solution, where Cortera’s wide array of information on businesses can be combined with customer data and global content to improve both the reliability of data and decision making. The integration allows customers to leverage their investments in solutions from both SAP AG (NYSE: SAP) and Cortera for a clearer view of their suppliers and customers.

“As the web of suppliers becomes increasingly complex, businesses are looking for innovative ways to mitigate risk throughout their supply chain,” said Jim Swift, president and CEO of Cortera. “SAP’s endorsement of Cortera Risk Data and Reporting enables companies to leverage new information products that easily integrate into their risk management business processes.”

Cortera Risk Data and Reporting leverages new types of data in addition to traditional risk information and is powered by an innovative approach to technology that provides fast and flexible data delivery. The combination of robust information and powerful analytics allows businesses to be smarter about their risks, enabling them to anticipate actions and evaluate potential responses and outcomes.

“Our customers are shifting away from transaction management, looking for more reliable, business-level information that serves as critical input to drive compliance, strategy and business insight, especially across the procurement, supply chain and finance lines of business,” said Sanjay Poonen, president, Global Solutions, SAP. “Cortera’s solution complements SAP BusinessObjects Spend Performance Management to help minimize supplier risk.”

Solutions endorsed by SAP are complementary to SAP software offerings, are developed in accordance with SAP development guidelines, and provide additional choices and flexibility for businesses running SAP applications. As part of the agreement between Cortera and SAP, both companies will share technology and product roadmaps.

About Cortera
We created Cortera because businesses deserve to have better information about their customers, suppliers and partners—especially private ones. Cortera compiles information about businesses to give you the inside story on nearly every U.S. company. Now businesses can better manage risks and increase revenues with new intelligence from Cortera. Learn more at http://www.cortera.com.

For more information, please contact:

Patrick Davie, Cortera    561-226-9023

# # #

Cortera is a registered trademark of Cortera, Inc.

SAP and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries.

Business Objects, BusinessObjects and the Business Objects logo are trademarks or registered trademarks of Business Objects in the United States and/or other countries. Business Objects is an SAP company.

All other product and service names mentioned herein are the trademarks of their respective owners.

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

BOCA RATON, FL—June 14, 2011— Cortera®, a leading information provider that compiles insights on nearly every US business, today announced the appointment of two senior executives, Fred B. Dilkes and Patrick Davie, to its management team. Fred B. Dilkes, former Senior Vice President, Sales and Client Services at AlertSite, has joined the company as Senior Vice President and Patrick Davie is now Cortera’s Vice President, Product Marketing.

“I’m delighted and honored to have Fred and Patrick join the Cortera management team,” said Jim Swift, president and CEO, Cortera. “With Fred’s proven sales leadership and track record of rapidly scaling revenue and Patrick’s solid experience in product management, general management, and services delivery, Cortera is well positioned for our next stage of growth.”

Fred Dilkes comes to Cortera with extensive executive sales and leadership experience, most recently as Senior Vice President of Sales at AlertSite, a global leader in Web and mobile performance management solutions. At AlertSite, Fred directed a sales team that produced significant year-over-year sales growth leading to its acquisition by Smart Bear Software in 2011. Prior to his role at AlertSite, Dilkes served as Senior Vice President of Worldwide Channels and Major Accounts for CDC Software, and previously as Vice President of Sales for SSA Global, where he helped grow the company from $130M to $750M. Dilkes also served as the Senior Vice President of Sales and Marketing for Newstar.

Patrick Davie brings nearly 20 years experience and success in financial risk management and information services to his role as Vice President of Product Marketing. His primary responsibilities are leading the development and implementation of Cortera’s product management, product and corporate marketing, and go to market strategies. Prior to joining Cortera, Patrick was GM of Fiserv’s Financial Crime Risk Management business, and from 1994 to 2007 held leadership positions at Equifax in product management and development, sales, and services delivery. Patrick served as an officer in the US Army and holds a Bachelor of Science degree from the United States Military Academy at West Point.

About Cortera
We created Cortera because we were tired of finding too little information about our customers, suppliers and partners—especially private ones. Cortera compiles information about businesses to give you the inside story on nearly every US company. Now businesses can better manage risks and increase revenues with new intelligence from Cortera.

Media Inquiries: please contact Alex Coté at 857-403-1370.

WASHINGTON, D.C. – April 12, 2011 – The National Association of Wholesaler-Distributors (NAW), today announced it has entered into a strategic alliance with Cortera®, a leading information provider that compiles insights on nearly every US business. Through this alliance, the NAW is featuring Cortera PULSE™ a daily alert system and a proactive approach to business that monitors over 20,000,000 companies – both public and private. Cortera PULSE gives wholesale distribution finance executives, business owners and sales & marketing professionals the ability to continuously monitor all of their customers for meaningful changes in their business and alerts them once a day to potential opportunity and risk so they can take immediate action. Daily alerts include:

• Significant changes in Cortera Payment Report (Cortera CPR™) risk scores
• Financial and operational news, covering over 10,000 publications
• Growth clues, signs a business is expanding
• Bankruptcy filings
• Tax liens and civil judgments

“We only endorse companies that we truly feel represent the best of the best for our members, said Dirk Van Dongen, President, National Association of Wholesaler-Distributors. “Having personally worked with Cortera over the last several months and watched their solutions in action at NAW member companies I fully recommend their suite of business information products. For any distributor looking for better insights about their customers and suppliers, Cortera should be their first stop.”

“As a long time Cortera customer and NAW member, I am excited to see these two organizations come together—it’s a natural fit,” said John Culbert, Vice President of Credit, Ferguson Enterprises. “The combination of Cortera’s market leading products with the support of our industry association is clearly a win for our industry overall.”

“We have worked with many members of the NAW over the years and are proud to now be endorsed by NAW,” said Jim Swift, president & CEO of Cortera. “We have designed our solutions to provide a high level of value at prices that all NAW members can afford, regardless of size. With Cortera, NAW members can more effectively manage risks and grow revenue.”

Priced at just $99 per month, Cortera PULSE provides a powerful intelligence solution to businesses of all sizes with no limit on the number of companies monitored. In addition, all Cortera PULSE customers receive a monthly CFO Report providing portfolio benchmarking, alert summaries and identification of their highest risk and most collectable accounts. Go to http://www.cortera.com/NAW/pulse/ to learn more about the NAW/Cortera Program.

About The National Association of Wholesaler-Distributors (NAW)

The National Association of Wholesaler-Distributors is composed of direct member companies and a federation of international, national, regional, state, and local associations and their member companies, which collectively total more than 40,000 companies. In addition to its advocacy on national public policy issues that affect the entire wholesale distribution industry, NAW’s scope encompasses the activities of the Wholesaler-Distributor Political Action Committee, the NAW Institute for Distribution Excellence, and the NAW Service Corporation. NAW assists wholesaler-distributors to be the most efficient channel for bringing goods to market through benchmarking, strategic management information, networking, and high-level conferences. For more information, visit http://www.naw.org.

About Cortera

We created Cortera because we were tired of finding too little information about our customers, suppliers and partners—especially private ones. Cortera compiles information about businesses to give you the inside story on nearly every US company. Now businesses can better manage risks and increase revenues with new intelligence from Cortera. Learn more at http://www.cortera.com/NAW/pulse/

Media Contact for NAW:
Dirk Van Dongen, NAW — 202-872-0885, dvandongen@naw.org

Media Contact for Cortera:
Alex Coté, Cortera — 857-403-1370, acote@cortera.com

QUINCY, Mass. & BOCA RATON, Fla.–(BUSINESS WIRE)–Cortera®, a community-driven business credit bureau, announced the publication of its May 2010 Supply Chain Index (SCI) report, a monthly index of accounts receivable (A/R) activities covering manufacturers, distributors & wholesalers, retailers, services, and transportation companies. Measuring payment activities of approximately 350,000 businesses, the May 2010 SCI dropped to 6.83 days beyond terms (DBT), its lowest level since April 2008. The index trend continues several months of consecutive improvement.

The latest SCI reading closely mirrors similarly strong data from both the Institute for Supply Management (ISM) and the U.S. Commerce Department. The May 2010 ISM Manufacturing Report on Business showed the tenth consecutive month of expansion in manufacturing activity, while the Commerce Department reported on June 11, 2010 that business inventories rose for a fourth consecutive month in April. In that same report, the Commerce Department also reported that U.S. business sales hit their highest level since October 2008.

This May 2010 SCI represents the first time since the index was created in April 2007 that the average DBT for supply chain stakeholders has been below 7 days for two consecutive months.

“After a long period of insecurity, businesses are returning to a healthier cash flow cycle. The combination of companies restocking their inventories while also making timelier payments to their suppliers signals an important shift in both financial stability and mindset,” said Jim Swift, president and CEO of Cortera. “Carefully balancing working capital was critical to weathering the economic storm, but now businesses appear to not only be more confident, but also, perhaps have improved their ability to pay.”

Cortera’s Supply Chain Index™ (SCI) is a measure of financial confidence. The flow of money through the supply chain is as crucial as the flow of goods. While the flow of goods is driven by sales, the flow of money is largely influenced by a company’s confidence that those sales will continue. Strong confidence in sales normally spurs companies to invest in growth initiatives. On the other hand, a lack of confidence in sales causes companies to conserve cash and slow payments to suppliers.

The Cortera SCI tracks late payments against agreed upon terms, measuring late accounts receivable (Late A/R), excessively late accounts receivable (Late A/R >30 days), and overall average days beyond terms (Average DBT). A three year view of this data is available on Cortera’s website. The Cortera SCI report is published monthly.

About Cortera
Cortera is the online source for commercial credit information and financial intelligence on over 20 million businesses of every size. The company has a 15-year track record of providing comprehensive data and innovative tools to credit and finance professionals at the most affordable prices in the industry. In 2009, Cortera created the first online community enabling everyone — from small businesses to large organizations — to monitor, rate and exchange comments on the payment performance of virtually any business in real time. Cortera is unleashing the power of the Internet to transform the world of business credit reporting. Free credit reports on millions of businesses are now available at www.cortera.com. Check Cortera First™

Contacts

Valuecasters
Patrick Rafter, 617-901-2697
prafter@valuecasters.com

or

Cortera
Alex Coté, 857-403-1370

BOCA RATON, Fla. & EAST RUTHERFORD, N.J.–(BUSINESS WIRE)–Cortera®, a community-driven business credit bureau, today announced that Allied Building Products Corp. has selected Cortera as their primary business credit information and workflow automation software provider. The building products distributor will run its entire North America credit risk management operation, covering 45,000 active customers, on Cortera’s eCredit platform, replacing a legacy system that was no longer suited to their evolving needs.

Allied Building Products is a subsidiary of Oldcastle, Inc. — the North American holding company of CRH plc., and is a leading distributor of a wide range of building products in both the residential and commercial markets.

“Following years of acquisition growth, we felt it was time to modernize our credit risk management systems,” said Barbara Ogle, Director of Credit for Allied Building Products. “Cortera proved to be unique in that it was the only provider with a combination of full-range of software features and the business information coverage required for our wide-ranging national network of branches and products. The decision to make the switch to Cortera was an easy one.”

The project, scheduled to roll out to over 200 Allied Building Products branches in mid-2010, is designed to improve request workflow and communication to ensure a consistent 24-hour, or better, turnaround on all credit applications. Allied will utilize the eCredit work queue capabilities to improve the credit operations process, better organizing and streamlining analyst and supervisor tasks and approvals. The software-as-a-service (SaaS) solution will be available to all decision-makers regardless of their location—making a complete electronic credit profile of each customer only an Internet connection away. Allied will also leverage the correspondence automation feature to automate several previously manual customer and internal communication activities.

“Cortera enables us to dramatically reduce the cost of credit scoring while at the same time improving our decision hit rate through better information coverage,” said Norma Fetherman, Chief Credit Officer for Allied Building Products. “Their no-nonsense approach combined with their reputation among our peers made our decision to move to Cortera an easy choice.”

Key Cortera features to be used by Allied:

• Automation of several scoring models leveraging both business and consumer business information from a variety of providers, including Cortera
• Custom rules to direct each credit request through the appropriate scorecard and information
• Exceptions to the Allied credit policy will automatically be routed to the appropriate credit analyst’s work queue for further analysis
• Credit scoring will drive collections treatment to focus collectors on the highest risk customers

“Cortera gives us a leading edge system to automate many routine credit decisions and manage risk by exception, focusing our efforts on the high risk/high credit limit customers that present the greatest challenges,” continued Ogle. “At the end of the day, business comes down to partnerships and Cortera has clearly demonstrated vendor relationships are more than getting a signature on the dotted line.”

“We are honored to be selected by Allied Building Products as their company-wide standard for business credit information and software,” said Jim Swift, CEO of Cortera. “Innovative credit professionals, such as the team at Allied, are a perfect fit for our ever growing customer community. We look forward to our partnership with Allied.”

About Allied Building Products Corp.
Allied Building Products Corp. is one of America’s largest distributors of residential and commercial roofing, siding, waterproofing, windows and interior/exterior building materials to specialty contractors. Allied Building Products Corp. is a subsidiary of Oldcastle, Inc., the North American arm of CRH plc, a major international producer of construction materials and building products. Allied Building Products Corp. operates over 200 branch locations in 29 states. Allied Building Products Corp. is headquartered in East Rutherford, New Jersey. To find a local Allied Building Products Corp. branch, please call 1-800-4-ALLIED or visit us online at www.alliedbuilding.com.

About Cortera
Cortera is the online source for commercial credit information and financial intelligence on over 20 million businesses of every size. The company has a 15-year track record of providing comprehensive data and innovative tools to credit and finance professionals at the most affordable prices in the industry. In 2009, Cortera created the first online community enabling everyone — from small businesses to large organizations — to monitor, rate and exchange information on the payment performance of virtually any business in real time. Cortera is unleashing the power of the Internet to transform the world of business credit reporting. Free credit reports on millions of businesses are now available at www.cortera.com. Check Cortera First™.

Patrick Rafter, 617-901-2697
prafter@valuecasters.com

or

Cortera
Alex Coté, 857-403-1370

SAN FRANCISCO– May 11, 2010 –Cortera®, the community-driven business credit bureau, today announced the launch of Cortera Circles™– a new peer-to-peer (P2P) credit risk and payment information tool for finance and credit professionals to share data in real time. This new platform for business-to-business (B2B) risk management, which recreates the century old practice of “credit circles” as an online experience, is designed to tear down barriers that to date have limited companies’ ability to assess credit risks for small, mid-sized and even large businesses. The announcement was made today at FinovateSpring 2010, the financial technology innovations conference in San Francisco, in a presentation by Cortera President & CEO, Jim Swift.

“The B2B credit market needs to evolve to a P2P model for risk management and finally say goodbye to the 1970’s centralized information broker,“ said Swift. “In bringing the trusted tradition of “credit circles” into the online world, Cortera is creating a new and more efficient paradigm for different companies, even competitors, to exchange vital payment information on their customers and suppliers.”

Cortera’s Web-based technology is built to provide the full range of business intelligence and financial information that companies have come to expect. The company’s solutions provide new capabilities and cost savings for large enterprises, while providing small businesses with solutions they can access and afford.

“While Dun & Bradstreet introduced electronic credit reports for business in 1972, there unfortunately hasn’t been sufficient innovation in the business credit reporting industry since then,” Swift continued. “We aim to change that and are tapping the ground swell of information, statistics and anecdotal experience from millions of small businesses who have previously not been given the opportunity to share valuable insights that can lead to better informed credit decisions.”

Cortera Circles are online groups of trusted peers who share their payment experience about businesses with which they interact. Circles mark the latest extension of Cortera’s credit-centric social networking approach that gives credit pros, finance staff and business owners the ability to:

• Find and join Circles based on location, industry or common trading partners
• Build new Circles with peers who have shared interests in determining who pays on time and who doesn’t
• Pose questions about – and seek references for – potential or existing trading partners as well as their recent payment behavior
• Assist peers by answering questions about trading partners with which you have direct experience

The introduction of Cortera Circles is designed to meet the needs of members of the Cortera community looking to expand their network of trusted, vetted and “on the ground” sources for the latest information, before they extend credit.

“Having participated in traditional credit groups throughout my over 20 year career in business credit, I’m really excited to hear about the availability of Cortera Circles,” said Norma Fetherman, Chief Credit Officer, at Allied Building Products Corp. “Traditional credit groups have enabled us to exchange highly relevant payment information we can’t get anywhere else, but are only limited to meeting a handful of times a year. We look forward to Cortera Circles giving us the same great insights we exchange in our offline industry group meetings, but now directly from an expanded network of our peers, any time we need it.”

Business credit information exchanges started as community roundtables over 100 years ago. Credit circles date back to boards of trade when business owners gathered locally to share information about their customers and suppliers in order to protect each other from risk.

“We think Cortera Circles will transform the industry of business credit into something far more powerful and exciting, namely, the place online where businesses talk about other businesses and the bottom line,” said Swift.

In addition to expanding the existing online community with Cortera Circles, Cortera is bolstering its offerings to its growing customer base of many enterprise level companies and Fortune 1000 global brands, including Chevron, Cisco, and Electrolux.

About Cortera
Cortera is the online source for commercial credit information and financial intelligence on over 20 million businesses of every size. The company has a 15-year track record of providing comprehensive data and innovative tools to credit and finance professionals at the most affordable prices in the industry. In 2009, Cortera created the first online community enabling everyone — from small businesses to large organizations — to monitor, rate and exchange information on the payment performance of virtually any business in real time. Cortera is unleashing the power of the Internet to transform the world of business credit reporting. Free credit reports on millions of businesses are now available at www.cortera.com. Check Cortera First™.

Details of Cortera’s new service will be announced at FinovateSpring 2010, and executives will demonstrate the service to the more than 400 executives, entrepreneurs and industry experts attending.

“Cortera’s goal is simple: democratize the commercial credit process for businesses of all sizes by introducing a 21st century approach to information sharing,” said Jim Swift, president and CEO of Cortera. “FinovateSpring offers a unique platform to disrupt a market long overdue for fresh approaches and plagued with old, incomplete, and often unreliable data.”

The Cortera Credit Exchange is designed to harness the power of businesses’ collective payment experiences, fundamentally shifting the way business credit is evaluated and providing greater visibility into a company’s financial interactions. Tapping its database of over 20 million public and private company locations in the United States based on thousands of trade payment contributors — covering over $150 billion in accounts receivable information — Cortera pulls this data together to provide a foundation for a specific credit report. It then complements this baseline credit information with the same types of ratings and reviews features that people have embraced on popular retail, travel, and dining sites, all focused on helping credit professionals to easily share their payment experiences while learning from the experiences of others.

Cortera’s announcement at FinovateSpring 2010 will unveil the next major step in its effort to modernize and reinvent business credit reporting and credit risk management.

“It was a competitive application process and we are extremely excited about the quality of presenters that we’re going to put on stage this year,” said Eric Mattson, CEO of Finovate. “Congratulations to the Cortera team for having been one of the few selected for FinovateSpring 2010.”

About Finovate Events

Finovate events are the first demonstration-based conferences for the financial and banking technology industries. With annual conferences each spring in San Francisco and each fall in New York, the Finovate Series offers a chance for leading industry professionals to explore the future of finance in a fast-paced and unique environment. For more information, please visit www.finovate.com.

About Cortera
Cortera is the online source for commercial credit information and financial intelligence on over 20 million businesses of every size. The company has a 15- year track record of providing comprehensive data and innovative tools to credit and finance professionals at the most affordable prices in the industry. In 2009, Cortera created the first online community enabling everyone — from both small businesses to large organizations — to monitor, rate and exchange comments on the payment performance of virtually any business in real time. Cortera is unleashing the power of the Internet to transform the world of business credit reporting. Free credit reports on millions of businesses are now available at www.cortera.com. Check Cortera First ™

Valuecasters
Patrick Rafter, 617-901-2697
prafter@valuecasters.com

or

Cortera
Alex Coté, 857-403-1370

QUINCY, Mass. & BOCA RATON, Fla. – Cortera®, a community-driven business credit bureau, announced the publication of its March 2010 Supply Chain Index (SCI) report, a monthly index of accounts receivable (A/R) activities covering manufacturers, distributors & wholesalers, retailers, services, and transportation companies. Measuring payment activities of approximately 350,000 businesses, the March 2010 SCI dropped to 7.65 days beyond terms (DBT), its lowest level – and best reading — since August 2008. The improved reading, which historically has a strong relationship with confidence in future demand, comes on the heels of positive data on manufacturing activity and small and mid-sized manufacturer optimism.

The latest ISM Manufacturing Report on Business indicated the eighth consecutive month of expansion in manufacturing activity. Meanwhile, an opinion survey of 80 U.S. financial executives released by Prime Advantage on March 25, 2010 reported that “optimism has returned to small and midsize manufacturing enterprises in 2010.”

This March 2010 SCI represents the first time since October 2008 that the average DBT for supply chain stakeholders has dipped below eight days.

“Payment behavior can been seen as a barometer of confidence in future sales and demand. And when payments between partners show this kind of improvement, it provides an indicator of overall optimism,” said Jim Swift, president and CEO of Cortera. “It remains to be seen whether such optimism can be maintained, but it is clearly a positive development for businesses seeking what has been an elusive improvement in cash flow.”

Cortera’s Supply Chain Index™ (SCI) is a measure of financial confidence. The flow of money through the supply chain is as crucial as the flow of goods. While the flow of goods is driven by sales, the flow of money is largely influenced by a company’s confidence that those sales will continue. Strong confidence in sales normally spurs companies to invest in growth initiatives. On the other hand, a lack of confidence in sales causes companies to conserve cash and slow payments to suppliers.

The Cortera SCI tracks late payments against agreed upon terms, measuring late accounts receivable (Late A/R), excessively late accounts receivable (Late A/R >30 days), and overall average days beyond terms (Average DBT). A two year view of this data is available on Cortera’s website. The Cortera SCI report is published monthly.

About Cortera
Cortera is the online source for commercial credit information and financial intelligence on over 20 million businesses of every size. The company has a 15-year track record of providing comprehensive data and innovative tools to credit and finance professionals at the most affordable prices in the industry. In 2009, Cortera created the first online community enabling everyone — from small businesses to large organizations — to monitor, rate and exchange comments on the payment performance of virtually any business in real time. Cortera is unleashing the power of the Internet to transform the world of business credit reporting. Free credit reports on millions of businesses are now available at www.cortera.com. Check Cortera First ™

Valuecasters
Patrick Rafter, 617-901-2697
prafter@valuecasters.com

or

Cortera
Alex Coté, 857-403-1370

QUINCY, Mass. AND BOCA RATON, Fla. – March 18, 2010 — Cortera^®, a community-driven business credit bureau, announced the publication of its February 2010 Past Due by State report, a monthly index of accounts receivable (A/R) activities by state. Measuring the payment activities of approximately 20 million public and private business locations and approximately $150 billion in commercial A/R information, the report indicates that 22.61 percent of Wisconsin-based business accounts receivable are past due, the highest percentage of any of the 50 states. Michigan came in as the second worse most delinquent state at 22.00 percent, and Oregon, which recently held the most delinquent title, came in third at 21.12. Other states making the dubious top-ten list include: 4) Minnesota (20.89 percent); 5) New Mexico (20.22); 6) Florida (19.55); 7) Hawaii (19.12); 8 ) Washington (18.96); 9) Tennessee (18.34); 10) New York (18.32).

Of this month’s top ten most delinquent states, only Florida showed any sign of improvement compared to previous data, marginally moving from 19.72 percent to 19.55 percent. New York data was relatively flat, moving from 18.30 to 18.32. Nevada, a mainstay on the list, showed significant improvement and saw delinquencies go from 19.55 percent past due to 17.22 percent past due, dropping the embattled state from the top-ten for the first time since the report was created. The latest data has Nevada ranked 14th worst most delinquent in the nation.

Alaska businesses retained the title of least delinquent with a mere 5.75 percent of invoices marked as past due.

“While we’re seeing pockets of improvement, most notably in Nevada, the overall trend does not paint a picture of a widespread economic recovery and improving cash flow conditions,” said Jim Swift, president and CEO of Cortera. “When businesses are uncertain about demand and struggling with how best to stretch working capital, the all-too-often remedy is to slow payments. And that can create a domino effect in delinquencies, exacerbating the problem.”

The Cortera Past Due by State report tracks late payments against agreed upon terms, measuring the percentage of late accounts receivable by state. The full report is available on Cortera’s site.

About Cortera
Cortera is the online source for commercial credit information and financial intelligence on over 20 million businesses of every size. The company has a 15- year track record of providing comprehensive data and innovative tools to credit and finance professionals at the most affordable prices in the industry. In 2009, Cortera created the first online community enabling everyone — from both small businesses to large organizations — to monitor, rate and exchange comments on the payment performance of virtually any business in real time. Cortera is unleashing the power of the Internet to transform the world of business credit reporting. Free credit reports on millions of businesses are now available at www.cortera.com. Check Cortera First ™

Media Contacts:

Craig VerColen
VerColen Communications
craig@vercolen.com
617-599-2180

Alex Coté
Cortera
857-403-1370