D&B Finance Analytics

Great at credit checks, great at risk analysis, helps to better understand and determine financial status for prospects or existing customers.

Any case where you are trying to determine a companies credit worthiness. I don't see a scenario where it would be inappropriate if it being used for that reason.

Reviewing the credit risk. Reviewing the past due balance buckets to other clients. Reviewing the Detailed Trade Risk Insights Tab is excellent.

In the cases where I think D&B is helpful, I find it very useful for updating and viewing a company's profile. The information on there is detailed and full, so someone's background is easily accessible and clear. However, this can be a downside, too, because the older profiles still exist and probably need to be deleted/merged.

Most cases in particular where D&B has been beneficial to our company is to see that a company has been involved in legal suits with other companies doing the same type of work as us. The visibility of seeing this allows us to see that a particular company has a history of bad faith in this industry with similar contractors, which we can then investigate further if necessary or make a choice to avoid doing business with them. Using D&B to qualify our vendors is appropriate in every case.