CREDIT/NO CREDIT ANALYSIS
Updated January 10, 2023

CREDIT/NO CREDIT ANALYSIS

Anonymous | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with D&B Finance Analytics

Use d & b analytics to check on a potential new customers credit history and record of payments to determine if we feel they are credit worthy and use the recommended credit limit as a possible starting base to assign credit limit. New risk assessment is also helpful. The d & b alerts are also helpful for business that are at risk due to down trends. It is also useful if we are unsure on whether to give a customer credit or increase that credit when we ask them for financials and advise that there is not enough information to go on from just the D & B.

Pros

  • RISK ASSESSMENT
  • PAYMENT HISTORY
  • CORPORATE AND OTHER BUSINESS LINKS ASSOCIATED WITH A PARTICULAR COMPANY
  • SHOWS THE CORPORATE LINKS TO OTHER COMPANIES, i. e. SUBSIDIARIES OR DBA NAMES THAT ARE USED BUT STILL PART OF THE SAME COMPANY.
  • ALSO VERY HELPFUL TO SEE IF A COMPANY IS OWNED BY A A FOREIGN PARENT ESPECIALLY AS WE ARE STARTING TO EXTEND OUR OWN GLOBAL FOOTPRINT OUT MORE.

Cons

  • The only thing I feel that may possibly needs to be reviewed or improved is the information provided on your alerts because when alert says unable to confirm active operations at a particular site, it basically does not allow you to see any of the previous history for that location.
  • IT WOULD BE MOST HELPFUL IF IT PROVIDED ADDITIONAL INFORMATION MORE SPECIFIC THAN LOCATION APPEARS TO BE CLOSED DUE TO NON-ACTIVITY. PERHAPS INFORMATION ON THE MAIN PARENT OR ANOTHER SHIP TO LOCATION WOULD BE USEFUL SO THAT WE KNOW THEY ARE STILL ACTUALLY IN BUSINESS.
  • DSO
  • IMPROVE CASH FLOW
It has helped us improve ourDSO and potential risk factors for assigning credit or increasing/decreasing credit limits which has a direct impact on how we approach receivables management.
It has helped us improve our dso and potential risk factors for assigning credit or increasing/decreasing credit limits which has a direct impact on how we approach receivables management.
D & b is the only product that we have used and it suits are needs and provides the data that we are seeking.
Any issues that I have ever contacted support about have always been handled rather quickly whether it Is help with not being able to log in or system just not working or pulling up information.

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?

I wasn't involved with the selection/purchase process

Did implementation of D&B Finance Analytics go as expected?

I wasn't involved with the implementation phase

Would you buy D&B Finance Analytics again?

Yes

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.

Using D&B Finance Analytics

3 - Credit and Collections Manager
General Staff Accountant
VP of Finance.
3 - Credit and Collections Manager
General Staff Accountant
VP of Finance.
  • Deciding whether to extend credit in the first place.
  • Deciding whether to either increase and in some cases lower an already established credit limit.
  • Alert Notifications which show downtrends or Bankruptcy filings
  • Changes to Ownership
  • HELPS WITH ADDITIONAL SUPPORT WITHIN COMPANY TO ARRIVE AT A SOUND DECISION FOR EXTENDING OR DENYING CREDIT.
The price value for the extensive use that we need is invaluable as there are no extra charges.

Evaluating D&B Finance Analytics and Competitors

  • Price
  • Product Features
  • Product Usability
  • Product Reputation
There have been multiple attempts from other vendors such as Bill Trust and/or Experian wanting us to switch to their products but
even though we have reviewed those options they don't stack up to what we get with D & B......especially in price.
I think the biggest thing would be in the pricing. Not sure if D & B offers the ability to setup up customer's automatically with an adjustable credit limit automatically based on the reports pulled. We are trying to turn around our timeframe from customer submitting credit application to actual time account is setup which sometimes has been several weeks because we have to send out references and wait for their return only to sometimes end up not giving them credit but keeping them as a credit card account. If D & B had a process whereby
the customer could automatically submit their references or have them sent out from within the program it might help speed things up.
Wondering if there would be another possibility of integrating it with say Experian so get additional information since not all companies report to D & B.

D&B Finance Analytics Implementation

N/A--NOT INVOLVED IN IMPLENTATION
  • Don't know
  • WAS NOT WORKING HERE WHEN SYSTEM INITIALLY IMPLEMENTED.

D&B Finance Analytics Training

  • Online Training
WATCHED VIDEO ON HOW TO USE.

D&B Finance Analytics Support

ProsCons
Quick Resolution
Good followup
Knowledgeable team
Problems get solved
Kept well informed
No escalation required
Immediate help available
Support understands my problem
Support cares about my success
Quick Initial Response
None
I can't say for certain if Premium Support was purchased or not since I was not involved in the selection of this Software but
I would assume that we did since we seem to have unlimited access.
They have been a few occassions when I've been unable to sucessfully pull a D & B Report and have had to call
our contact person who in turn pulled the reports and emailed them to me until my problem was resolved.
That is always very helpful since we try for a 24-48 hour turnaround time on new credit applications.

Using D&B Finance Analytics

ProsCons
Relatively simple
Easy to use
Technical support not required
Well integrated
Consistent
Quick to learn
Convenient
Feel confident using
Familiar
None
  • EASE OF FINDING MOST COMPANIES INCLUDING INTERNATIONAL ONES
  • THE MAX CREDIT RECOMMENDATIONS ARE HELPFUL
  • PAYMENT PATTERNS ARE HELPFUL
  • LARGE CORPORATE LINKAGE TREES TAKE A WHILE TO LOAD
  • IT WOULD BE NICE TO JUST BE ABLE TO PULL UP A BRANCH WITHOUT AUTOMATICALLY BRIGING UP THE MAIN BILL TO/PARENT ACCOUNT. SOMETIMES i ONLY WANT TO LOOK AT THE BRANCH ONLY.
IT IS EASY TO USE. THE UPGRADE FROM JUST REGULAR D & B TO THE ANALYTICS HAS BEEN GREAT AS IT PROVIDES MORE DETAILED INFORMATION FOR RISK FACTORS, VIABILITY, ETC.

D&B Finance Analytics Reliability

AT THIS PARTICULAR TIME, WE ONLY USE IT TO MAKE A DETERMINATION ON CREDIT.
NO OTHER DEPARTMENTS HAVE ACCESS TO PROGRAM OTHER THAN ACCOUNTING.
FOR THE MOST PART IT IS ALWAYS AVAILABLE. ON RARE OCCASSIONS i HAVE TROUBLE ACCESSING BUT AFTER I SUBMIT AN ISSUE IT IS CORRECTED.
5--PAGES TEND TO LOAD SLOWLY MORE OFTEN THAN NOT. IT IS A PROBLEM I NOTICE MORE OFTEN WHEN THERE ARE EXTREMELY LARGE CORPORATE LINKAGES.

Integrating D&B Finance Analytics

Relationship with Dun & Bradstreet

i'VE BEEN TOLD IT WAS EASY TO WORK WITH. i WAS NOT INVOLVED.
ALWAYS EASY TO WORK WITH.
UNLIMITED ACCESS AT A GREAT PRICE WHICH WAS BETTER THAN OTHER PROGRAMS.
JUST BE HONEST REGARDING HOW MUCH YOU INTEND TO USE AND ADD ANY FEATURES THAT YOU FEEL ARE PERTINENT TO YOUR BUSINESS SITUATION.

Upgrading D&B Finance Analytics

Yes - CAME IN FROM ONE MORNING TO THE NEXT AND FOUND THAT WE HAD BEEN UPGRADED. WHAT WAS NOT IMMEDIATELY NOTED WAS THAT THE OLD WEBSITE TO LOG IN WOULD NO LONGER WORK. TOOK SEVERAL DAYS TO BE ABLE TO GET INTO IT AFTER THE TRANSITION.
  • MORE DETAILED INFORMATION
  • FAILURE RISK LEVEL AND EXPLANATIONS ARE MORE INFORMATION
  • FASTER LOADING OF LARGER TREES.
  • MORE CREDIT INFORMATION. PERHAPS A WAY TO LINK TO OTHER PROGRAMS SUCH AS EXPERIAN FOR ADDITIONAL DETAILS WOULD BE MOST HELPFUL.

Comments

More Reviews of D&B Finance Analytics

  1. Home
  2. Financial Risk Management Software
  3. D&B Finance Analytics Reviews
  4. User Review of D&B Finance Analytics