Great tool for Continuous Monitoring.
Use Cases and Deployment Scope
My team uses D&B Risk analytics to run financial due diligence on a subset of our entire supplier base. The data coming from D&B is used to report on high-risk vendors at the monthly vendor risk steering committee. This tool helps us do a deeper dive into these suppliers' financial health and stability.
Pros
- Robust insight on financial health.
- Continuous monitoring & alerts.
- Predictive measurers that are quantifiable.
Cons
- Finding the correct entity in D&B. There are usually tons of D&B #s for one entity.
- ESG ratings still need work.
- We are still determining internally what the best practice is for these financial health ratings. What does it mean for us?
Most Important Features
- D&B overall score.
- SSI
- SER
- Paydex
- Core+ report on enhanced insights.
Return on Investment
- We have had the solution for less than a year, so it is tough to say how much positive/negative impact it has had.
- We are now able to continuously monitor some entities in our supplier base. We were not able to do this before.
Alternatives Considered
BitSight Security Ratings
Other Software Used
Coupa, SAP BusinessObjects Business Intelligence (BI) Platform, Microsoft Exchange
