It is a smart business decision to provide D&B with current information on your company. Why? Because thousands of businesses look for it every day. Having complete information can be the difference between winning or losing an account or credit opportunities. Suppliers request credit reports on new, as well as, existing customers. In fact, today's volatile economy means more and more companies are using third-party sources to monitor the status of their client portfolios. Any significant change to your D&B file, such as the addition of a public filing or a change in payment trend can trigger a full review of your report. So, make sure your report tells the complete story of your business.
Your business can have a distinct advantage over your competitors who do not provide information to D&B. More and more, D&B's database is used for receivable management, purchasing and for pre-screening businesses prior to a marketing campaign or a special promotion. Is your report up to date so that you receive the best terms suppliers have to offer? Increased efficiencies and cost effectiveness can usually be passed on to you. Those savings can then be translated into lower expenses and give you the edge in your industry.
In today's fast-paced world, the inclination to have customers fill out lengthy credit applications is decreasing, while the tendency to refer to third-party information, such as D&B, is increasing. In some cases, D&B is even assisting companies in managing and assessing their credit risks by performing a range of custom designed services. How are we able to do this? The past is frequently a prediction of the future and D&B has capitalized on that. We have developed powerful predictive scoring models that can assist companies in deciding the likelihood of financial distress in the future. In the final analysis, any application process will be quicker if your D&B report is complete and up to date.
Our consultants understand your business and are able to gather data, record information and identify solutions to address your unique business needs. Approximately 1,000 consultants are strategically located throughout the United States and are just a phone call away.
D&B began in 1841 as a credit reporting agency and continues today as one of the leading providers of business-to-business credit, marketing, purchasing, receivable management and decision-support services worldwide. We maintain the world's largest database of over 150 million businesses. We keep track of these business with our unique nine-digit identification code--the D&B D-U-N-S® Number.
The first step toward establishing an information file about your business with D&B is obtaining a D&B D-U-N-S® Number. The D&B D-U-N-S® Number is at the core of global marketing, credit and purchasing. Since being introduced in 1962, the D&B D-U-N-S® Number has dramatically grown in use and is recognized and endorsed as a global business identification standard by industry organizations around the world including the U.S. Federal Government, International Standards Institute (ISO), American National Standards Institute, the United Nations (UN/EDIFACT) and The European Commission (EDIRA).
That's right! There is no monetary cost to you to help keep your D&B report up to date and the very best part is that it is free advertising for your company. Your D&B report is paid for by the businesses that access your report.
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