D&B Finance Analytics

D&B Finance Analytics helps our business to assess credit worthiness of a potential customer. This saves time for us to gather information and get the relevant data on credit limits that we can offer to the customer applying to do business with us. Through D&B Finance Analytics, we are able to make informed decisions that can potentially affect our retail line of business.

We utilize D&B to research new and current clients and their credit status. The breadth of information available allows us to make confident decisions when assessing how much credit to extend to clients.

We use D&B Finance Analytics to make better credit decisions regarding loan applicants. The report helps us synthesize volumes of mundane data into usable, bite-sized pieces, so our processing time is quicker and we enjoy higher efficiency as a result.

We use D&B Finance Analytics to assess the financial conditions of the companies that request credit from Banner. It is a helpful tool to assess the financial stability of companies and their viability as potential customers. This tool allows us to make sound decisions quickly and efficiently. We use it to open between 10 and 20 accounts per month.

We use D&B Finance Analytics daily to help with credit decisions for our customers. For non-public companies, it is especially helpful since they often will not provide financials; for public companies, D&B does a great job of summarizing the data from their financial reports into an easy-to-use format.

We use D&B daily in order to know a little bit more about the credit history of our customers. It's a great tool that facilitates the way how a credit limit is granted or denied. We value all their scores and all other information that a D&B report provides.

We use D&B for all our credit decision needs.

We use D&B Credit to check the credit status of new clients. D&B Credit allows us to gauge how much credit we will extend to our customers and it also gives us a risk assessment that is very helpful in determining how likely a client is going to be paying us back within the agreed terms.

D&B credit is used to assess current and [prospective] customer accounts for credit terms. This is a valuable tool when looking at potential risks and assessing their creditworthiness. This is an asset every credit and collection specialist and manager should use. The ongoing assessments of current customers allow you to catch a customer that may be trending toward delinquency and catch before it becomes a problem.

This addressed a few things: the strength of the company of course, the ability to see their score, and when forecasting deals, what their history was. There are additional features of this that are also very useful such a finding contacts (all info, emails, titles, direct dials, etc), public filings, SIC codes and neighboring companies either in their SIC or top 100 close to their physical address. Very useful for a sales team when prospecting.

D&B Credit is being used by the entire organization. I am the business development manager and my team actively prospects into hundreds of accounts per day. D&B allows us to enrich our Salesforce with the most accurate/up to date information in terms of employee size, location, industry, etc. so that we can set up opportunities for the correct sales directors.

We used it to establish credit limits for new Clients and for adjusting credit limits for existing Clients. We previously used DNBI and we found that D&B Credit Limit recommendations are out of whack, they appear to be 3-4 times higher than is realistic. We switched back to DNBI which provides more realistic credit limit recommendations.

D&B Credit is used by our credit department, we use it to aid in deciding on corporate credit capacity.

D&B Credit is used by our Credit department to assess a companies credit risk when considering extending a line of credit.

D&B Credit is being used across the organization. We are reviewing ways it can assist to address specific business problems such as International account reviews.

It is used by Finance and accounting to manage credit for our customers at this point. We just started, so we have not rolled it out yet to any sales functions. We will eventually be loading our vendor base to manage our suppliers as well. It is used by myself, our controller and our credit manager currently.

We use D&B Credit in several ways. One way is for verifying a company's legal name and corporate family tree. Another major reason we use it is to assess trade risk by using the pay history and financials. It is mainly used in the risk underwriting department, but a few select others across the credit department have access to the reports. The reports aid in identifying high risk companies which ultimately affects the bottom line by minimizing balance sheet risk by helping us avoid bankruptcy exposure and write-offs.