Dun & Bradstreet in Nigeria
Dun & Bradstreet is a global company that provides business intelligence products to clients through its database and analytics software. The products are used in improving business profits, marketing, and full risk management.
Dun & Bradstreet manages business information and helps companies communicate their whole creditworthiness. In 1962, it created the DUNS number feature (DUNS stands for Data Universal Numbering System), which is a system of identifying businesses by location.
Getting a D-U-N-S number is free, and you can apply for one online or over the phone with Dun & Bradstreet. This process only takes about 30 minutes to get started and takes about 30 days to process.
Dun and Bradstreet has been a credit reporting agency for over 150 years. The company has used its database of business credit information to develop a product that small businesses can use to monitor and improve their credit rating.
How to Increase Your Cashflow through better credit decision making in Nigeria
In today’s global economy, Dun & Bradstreet data universal numbering system, the D&B DUNS number, has become the standard for keeping track of more than 253 million businesses and their corporate relationships worldwide.
Assess the health and future viability of a company with D&B business information report
Benefits of using D-U-N-S Numbering System
- Verify that the business exist and it’s history
- Review the background of owners and key employees
- Identify company payment patterns and financial trends
- Include legal information to research possible fraud
Created in 1963, the Data Universal Numbering system (DUNS) is a business identification system used by businesses, banks and all types of governments to learn about your business.
It maintains accurate and timely information on +253M global businesses and it has a unique identifier that stays with your business forever.
This number can only be assigned solely by Dun & Bradstreet and it will be used by the world’s most influential standards setting organizations.
The D-U-N-S number is recognized, recommended or required by many global associations including the European community, United Nations and the United States of America’s federal government.
Almost all Fortune 500 companies require a DUNS number when applying to do business as a supplier, contractor or consultant.
The DUNS number helps you
- Keep track of business data and all associated change across a single program, entire organization or government agency.
- It enables crosswalks to other agency specific identifiers
- Organize information for internal ERP, CRM and registration databases
- Eliminate errors or duplication to ensure increased efficiency
- Enable a complete single view of an entity, allowing you to understand any risk or opportunities.
The DUNS Number reveals relationships between companies and corporate families worldwide and it is hierarchal.
Thanks to the unique identification system, the DUNS number helps identify business entities while also offering the possibility of discovering corporate group structures.
Integrating the DUNS number into the heart of your business systems (ERP, CRM) enables you to convert the available data into powerful business information.
“Hyper-accelerated digital transformation efforts have dominated every industry and it is critical that companies large and small evolve their finance technology in order to keep pace in a digital-first world,” said Brian Alster, General Manager, Finance & Risk business, Dun & Bradstreet.
“Dun & Bradstreet continues to grow its Finance Solutions portfolio with market leaders such as FIS so that we can deliver advanced data and insights-driven solutions that help clients modernize their credit-to-cash processes – creating a digital-forward workforce that can identify risk and operate in a more collaborative and efficient manner.”
D&B Receivables Intelligence combines FIS GETPAID, a fully integrated, web-based accounts receivable software solution, with Dun & Bradstreet’s commercial data and risk-based insights – powered by its Data Cloud containing over 455 million businesses worldwide – to streamline AR processes and help companies provide better customer experiences so that they can get paid faster.
“Driven by an innovation-first mindset, FIS is focused on simplifying banking, payments and investments for all,” said Kelly Beatty, President, Payment Solutions at FIS.
“Together, we will join our advanced AI-powered GETPAID automation platform with the top Dun & Bradstreet’s data and analytics so that a very larger market of clients can experience the next generation of accounts receivables with improved cash flow and reduced risk.”
The fully integrated, cloud-based accounts are all receivable software solution which offers collections management, dispute workflows, customer portals, dashboards, and reporting to help clients:
- Automate manual processes and create a collaborative environment for dispersed AR departments.
- Automate the collections and disputes process by combining Dun & Bradstreet’s data and insights with an advanced AI-driven business rules engine to provide risk-based strategies and portfolio segmentation.
- Create a safe and secure portal that allows customers to view account statements and balances, raise issues and make payments so companies get paid faster.
Clients who choose D&B Receivables
Intelligences powered by FIS GETPAID will also receive white glove service from a dedicated professional services team, helping to reduce implementation time so that they can get up and running faster.
D&B Solutions Offers in Africa, South Asia & Middle East
Sales and marketing solutions
Provide measurable ROI on the acquisition, retention and growth strategies across sales and marketing organizations.
Risk management solutions
Enable businesses make informed decisions, help minimize risk, accelerate cash flow and monitor performance.
Research & Advisory Services
Assist governments, institutions and corporate to evaluate business opportunities and risks, in order to formulate and implement strategies.
Risk Consultancy Services
Helps banks and financial institutions measure and reduce risk. With Basel regulations, and enhance profitability.
Credit Bureau Solutions
Reduce information asymmetry between lenders and borrowers and support the development of financial infrastructure.
Economic Analysis Group
Develops the D&B business optimism index that studies the business outlook and growth expectations of an economy.
Financial Technology Solutions
D&B provides software solutions to banks and financial institutions to manage credit and operational risk.
DUN & Bradstreet Nigeria Limited
16B Allen Avenue, Ikeja Lagos state Nigeria
Mail : email@example.com