A Must Have Tool to keep AR in Check
January 13, 2023
A Must Have Tool to keep AR in Check
Score 9 out of 10
Vetted Review
Verified User
Overall Satisfaction with D&B Finance Analytics
In evaluating new customers for credit or increases of current customer credit lines, I use D&B Finance Analytics as my primary tool to gather information on the various companies' payment history and behavior and information regarding any UCC or Bankruptcy filing. I also can see what level of companies they already deal with and their payment history with those other companies. We sometimes look at D&B Finance Analytics to compare delinquent customers payment histories with other companies to try to gauge where we stand in the hierarchy of those being paid.
Pros
- Historical Payment information
- Company information
- Credit limit recommendations
Cons
- Make it a little easier for non-financial folks to understand that don't necessarily work primarily in the finance area.
- D&B Finance Analytics has been instrumental in helping us make credit decisions that have led to lower DSO numbers due to monitoring some customers and limiting their order levels to minimize our exposure.
- It has been instrumental in helping us set terms for customers to give more favorable terms to those that have a very good payment history. This has led to better cashflow and lower DSO.
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
Comments
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