Item: D&B Finance Analytics
Rating: 9
Author: Verified User

Overall Satisfaction with D&B Finance Analytics

Use Cases and Deployment Scope

We use D&B to qualify subcontractors and vendors to make a decision on whether we'd like to do business with them. This addresses our concerns with their financial stability, longevity, and legal issues they may have had with other companies. Our use case is within the construction industry so there is a lot of risk with our subcontractors and suppliers as to whether or not they can perform their work well and whether they will be able to complete the work depending on their financial status. Being able to see this information mitigates the potential risk that might fall on our company if we were to work with a risky business.

Pros and Cons

Pros

Graphs & Charts to visualize data
Detailed legal history
Company facts overall & public information consolidation

Cons

Consolidation of companies with multiple names/fictitious business names
See relation to parent/holding companies within summary
Show more detailed information on ownership

Return on Investment

Risk Mitigation
Knowledge of potential risks when entering into contracts
Indirect positive effect on jobsite productivity

Alternatives Considered

We do not use any other programs that I'm aware of, all other methods of verifying for us are based on public information and conversations we have with businesses, their references and banking institutions. I think this speaks for itself as we haven't seen the need to use any other programs with these tools alongside D&B

Support Rating

I've rarely had to reach out to the D&B support team but when I have, and the correct contact information was made available to me, the process was extremely easy. I was able to get in touch with our rep quickly and get the answers and resolutions that I needed.

Key Insights

Do you think D&B Finance Analytics delivers good value for the price?

Not sure

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

Other Software Used

Mendix, SAP Billing and Revenue Management (RevSym)

Likelihood to Recommend

Most cases in particular where D&B has been beneficial to our company is to see that a company has been involved in legal suits with other companies doing the same type of work as us. The visibility of seeing this allows us to see that a particular company has a history of bad faith in this industry with similar contractors, which we can then investigate further if necessary or make a choice to avoid doing business with them. Using D&B to qualify our vendors is appropriate in every case.

Using D&B Finance Analytics

Users and Roles

4 - Contracts team uses D&B to evaluate subcontractors, suppliers, vendors, etc. We also use it to perform subcontractor qualification reviews prior to selecting with lower tier subcontractors or partners we would like to work with. Dun & Bradstreet plays a significant role in our decision making process. Our estimating teams and risk management teams use D&B as well for the same purposes.

Support Headcount Required

I'm not sure what this question means.

Business Processes Supported

Bids
New Contracts
Partnerships

Innovative Uses

To verify addresses
To verify Tax ID #s
To validate information provided by other companies

Future Planned Uses

Joint Ventures

Likelihood to Renew

Evaluating D&B Finance Analytics and Competitors

Products Replaced

Key Differentiators

Ease of Use

It's the most comprehensive platform, however, I am not the decision maker so I'm not sure why we chose D&B Analytics.

Evaluation Lessons Learned

I am not the decision maker but if I were I would most likely go with D&B Finance Analytics again.

D&B Finance Analytics Implementation

Implementation Rating

I was not involved in the integration.

Implementation Details / Implementation Partner

Don't know

Implementation Issues

I was not involved in implementation. It happened before I started.

D&B Finance Analytics Training

Training Types Used

No Training

D&B Finance Analytics Support

D&B Finance Analytics Customer Support Pros and Cons

Pros	Cons
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

Using D&B Finance Analytics

Usability Pros and Cons

Pros	Cons
Like to use Relatively simple Easy to use Technical support not required Well integrated Consistent Quick to learn Convenient Feel confident using Familiar	None

Easy Tasks

Refining searches
Selecting sub-categories on reports
Reviewing multiple results

Difficult Tasks

None

Usability

I've found it very easy to use without basically any training and have found that others I've given access to D&B have not needed any training either.

Integrating D&B Finance Analytics

Ease of Integration

I have no experience with integration on D&B Analytics.

Systems Integrated With

None.

We have not integrated any systems with D&B

Future Integration Plans

None that I am aware of.

Types of Integration

We do not use any integration technologies.

Integration Lessons Learned

I do not have any advice as we have not integrated any technologies with D&B.

Upgrading D&B Finance Analytics

Upgrade Process

Upgrade Benefits

I am not aware of the upgrade.

Anticipated Benefits from Future Upgrades

Currently D&B is meeting all of our needs.

Future Edition Upgrade Plans

Comments

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Kevin Johnson
(Vendor Representative) commented 2 years ago
Thank you so much for your kind words! We are thrilled that you are enjoying your experience with D&B Finance Analytics and I wanted to let you know we are constantly improving our product, so we value your feedback. Thank you for taking the time to write this review; we appreciate it greatly. Cheers!