Increased cash flow without dealing with collection agencies.
September 16, 2022
Increased cash flow without dealing with collection agencies.
Score 10 out of 10
Vetted Review
Verified User
Overall Satisfaction with D&B Finance Analytics
Every new customer that we acquire is screened through D&B Finance Analytics. After the initial screening, I am able to get current information that will tell me if the customer is still on a path toward viability. There have been a few times I was able to hold off on sales to a customer before they entered bankruptcy because of the alerts given by D&B Finance Analytics.
- Business deterioration predictions
- Alerts for both positive and negative business changes
- Organization and customization of data
- Keeping track of internal data that I enter (my customer id's never save)
- Emailing important customer changes
- Decrease in delinquent accounts
- Increase in customer retention
- Increase in quality of customers approved for terms
I have been able to make sure that we are taking on good risks and decreasing the number of collections that we have to do. Through D&B Finance Analytics, I have been able to weed out customers that do not have a good payment history and have those customers pay upon delivery instead of waiting for them to hopefully pay later. Cash flow has definitely been better.
Implementation and deployment of D&B Finance Analytics was simple. Whenever there was a question of why a payment was late or if a customer could have terms with us, I would just go to D&B Finance Analytics. Whenever there was a new customer I would go to D&B Finance Analytics. I have well over 2000 records of customers that are constantly being analyzed and reported upon, and that saves so much time, especially when it comes to not having to deal with collection agencies getting the money for us.
Do you think D&B Finance Analytics delivers good value for the price?
Yes
Are you happy with D&B Finance Analytics's feature set?
Yes
Did D&B Finance Analytics live up to sales and marketing promises?
Yes
Did implementation of D&B Finance Analytics go as expected?
Yes
Would you buy D&B Finance Analytics again?
Yes