D&B Finance Analytics

This would be incredibly useful for any organization needing a broad financial picture of an organization. This is extremely useful for determining which customers are stressed financially or are most likely to pay late/not at all. I use this program every time I am looking at payment issues for any of my clients.

Last year, I recall that we had a prospective advertiser demand credit terms or they wouldn't do business with us. I checked their Custom Score and it was 'below the line' so I rejected credit terms and said if they wanted to advertise with us, they would need to pay cash in advance. They blew a fuse but I said the numbers are the numbers. So, it was easy to defend the decision.

We primarily rely on the PAYDEX score and credit limit recommendations as the foundation of our credit decisions. Those metrics seem relatively straight-forward and are useful. Other metrics, such as the percentage possibility that a company could go late on payments seems silly. Almost all companies we deal with do not pay within the terms granted and displayed on our invoices. We deal with smaller companies (although the largest ones are not that dissimilar to the rest of our customer base) and they don't necessarily follow set patterns in payment. I have found D&B less helpful in dealing with companies with industry-wide issues, such as the coal industry. Nothing seems to exist to help me evaluate, in a simple way, the risk of dealing with these types of companies.

The financial Analytics assisted with more information than another report we used and helped decline a customer otherwise found credit worthy through another customer. D&B found that they were having cash flow issues so we set the customer up as CIA instead of extended credit.

D&B Finance analytics is extremely helpful if customers do not provide us with references it gives us detail on how they are paying other suppliers.

I believe it is well suited for any company because of the need for credit and less risk exposure

D&B Finance Analytics allows you to customize an automated decision making tool - aiding in credit extension decisions. In addition there are plenty of tools that can be leveraged and integrations available to export credit scoring into your ERP or CRM systems or importing aging details... both in an effort to help monitor customers who are credit risks.

I have used D&B analytics both in my professional and educational pursuits and I have recommended it all the time to colleagues and classmates. Because the tool is very easy to use and provided back high level information for one to do more research against, D&B is a good start to anyone's journey whether it be a school report or sales prospecting.

In class, we would use D&B to gain insights on private companies who are competitors in a certain SIC/NAICS space. Similarly in my professional pursuits, D&B is great to understand if a company is a small business or commercial business or a national business. This helps in prospecting as an account manager, where we can provide credit needs depending on a minimum revenue amount. D&B is not the best tool from an efficiency perspective, because to get specific company information one must go into that company's profile.

Works well for the reports you use each year. Speaking to an account manager to get additional reports is painful and never happens.

It is very well suited for customers with payment history. It would be great if it had more depth on smaller companies with less public history available - or no history. If D&B could send out credit inquiries as an add-on, it might result in quicker responses when a newer company or less public data applies.

We've been able to make more informed decisions for payment terms based on business data we've received from FA.

D&B does give a wide range of information regarding a company, we need this to not only review their trade payment history but to get an overall view of the business stability and market.

This is great for when you are first signing up a customer or someone you want to work with, and you can feel like someone did a thorough review of their financial position prior to putting your company in a tough financial situation. I also feel in a scenario where you aren't aware of what might be occurring with a company, getting updates from this company helps determine if we might have more risk to account for and prepare for in the future.

D&B works well in a fast paced environment where dynamic decisioning is necessary. Again, the ease of use with integration makes the department run more efficiently. It doesn't work very well for many small businesses where there's not a lot of information available causing very conservative scoring. It would be great if D&B could improve the quantity and quality of info on small businesses.

We will continue to use D&B Finance Analytics for credit information when we need information quickly on a potential customer. It's a great tool to get an overall snapshot of a company quickly & easily - also to know if/when there are any problems that we should be aware or careful of!

This product is useful if you are looking for an overall snapshot of a company to see key figures. It's not as useful if you are looking for up to the minute information as the company data could be slightly outdated, and it's not a good tool if you are looking at mostly private companies.

D&B Finance Analytics is a very good additional tool to add to your credit analysis aresenal.

Rarely misses finding data on a company. Offers a free follow-up investigation upon request. Sometimes the graphics on a delivered report look less appealing than the web page version.

Well suited to help in conducting our credit reviews and making decisions in extending unsecured credit limits to our clients.

Well suited to provide a baseline credit limit based on the max credit limit recommended and to either increase or decrease the credit limits of customers. Not as helpful when it says unable to confirm active operations and any previous history is not shown. Perhaps checking for a DBA or other corporate link for some of these companies might be helpful since sometimes it is only a specific location and not necessarily the entire company.

D&B is well suited when deciding if a potential customer is credit-worthy. D&bB. It is less well suited in foreign countries.

Credit risk assessment: The tool can be used to assess the creditworthiness of potential customers or partners, which can help organizations make informed decisions about lending or investment. It is important for organizations to carefully consider their own needs and goals when selecting a financial analysis tool and to thoroughly research and evaluate the features and capabilities of any tool they are considering before making a decision.

If terms are N30 for example. It does not always reflect necessarily to contractural terms in construction work.
However, if you are familiar with standard contractural terms in your industry. It is fairly easy to determine if the company you are reviewing pays within those norms

Being able to evaluate and keep track of new and existing customers is a necessity in today's business climate. Having a section on the website that is specifically for changes in the customer's information (both positive and negative) is such a great tool that I use all the time. I can easily see which path customers are on and be on top of their payments and make sure we are not at risk of losing money if I see a negative trend.