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

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

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

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

Finance Analytics Performance

This allows us to make an analysis on our vendors' history and overall business standpoint when it comes to paying their lower tiers and material suppliers. We do not want to enter into business with anyone who has historically been late to pay/failed to pay those who they do business with as this creates more risk and possibility of delays/failures etc.

Implementation and Deployment

Unfortunately I do not have much to say on this topic as when I started to use D&B analytics three years ago my company had already implemented the program as one of it's primary qualification tools. Since I had never used D&B before I found that it was very easy and straightforward to navigate, learn and understand.

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

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.

Review of D&B 2024

Overall Satisfaction with D&B Finance Analytics