Useful tool for analyzing credit risk
December 30, 2022
Useful tool for analyzing credit risk
Score 10 out of 10
Vetted Review
Verified User
Overall Satisfaction with D&B Finance Analytics
We use D&B Finance Analytics in order to decide whether or not to approve our customers for credit terms. When I first started with the company we used a different service, and they didn't have credit reports for more than half of the customers we were trying to look up. D&B has had detailed reports for almost every customer which saves us time. If their credit in D&B is good, we forgo checking references.
Pros
- Has credit information for a wide variety of customers (even small businesses)
- Is good at keeping information up-to-date
- Easy to use search database
- We are able to process orders in a more timely manner because we can approve credit instantly instead of waiting for responses from credit references
- We are able to use the reports to deny credit terms for customers that haven't been paying other vendors on time. We still process their orders, but make them prepay (so there is no credit risk for us)
The service that we previously used was not found in the listings above, but they did not report on a lot of the businesses (especially the smaller ones) in our industry. When we were decided whether or not to switch over to D&B, we asked the rep for some sample reports on smaller customers and he was able to find reports on all of them (and none of those customers had reports available in the other database that we were using). The reports are also much more detailed than the previous one we were using.
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
Comments
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