D&B Finance Analytics is worth trying
April 06, 2023
D&B Finance Analytics is worth trying
Score 10 out of 10
Vetted Review
Verified User
Overall Satisfaction with D&B Finance Analytics
We use this product to conduct credit reviews and investigations that help us establish, increase or reject credit limit requests. We also verify names, dba's, addresses, family tree/corporate structure, years in business and any use any pertinent information that is relevant to the credit review process. We've integrated D&B with Salesforce and allow our Sales Team to kickstart the onboarding process. We are currently looking at adding modules for additional functionality (Account Manager).
- Provides good and relevant credit information
- Hit rate is very high due to D&B's massive database
- Integration with Salesforce makes the process more efficient
- Investigations are not thorough enough, specifically the answers are vague and leaves me with additional questions. It might just be the format.
- The optics itself is not great. It could be made to look and feel better for the user. It's very mechanical.
- It would be good to get better explanations on viability ratings. Sometimes I have low risk ratings with a 1% probability of failure within the next month and then sometimes I see high risk ratings with the same probability. It would be good to define what "High Risk" is because 1% is probably not high in most people's eyes.
- Reduced bad debt by providing solid credit limits to support our decisions
- Additional functionalities requires upgrades which adds extra costs (Account Manager, Fraud Risk Insight). It would be good to offer these as part of the standard product.
- Integration with Salesforce has made our process more efficient.
We currently utilize Decision Maker which provides a streamlined credit approval process. With the ability to set pre-approvals defined by our Credit Team, we save time and effort for those easy wins. Notifications are also very helpful to keep us up to date on any news or score changes. We rely heavily on D&B's vast database to determine creditworthiness for all our customers.
I was not here during the implementation but I was told it was relatively easy. The integration has provided an opportunity to reduce administrative time spent on matching a physical credit report by allowing for Decision Maker to offer company matches to run credit on. This has proven to be time saving and more efficient.
- Experian Account & Portfolio Management
Experian has a very good product, arguably better than D&B when it comes to smaller companies. But overall, D&B has more available information available. Credit Risk Monitor has a superior product when it comes to public companies as they provide most current financials and calculates financial/liquidity ratios. Again, D&B overall has more information taking into account both public and private companies.
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