Dun & Bradstreet Overview
Dun & Bradstreet (D&B) is a leading provider of business data and analytics solutions. It offers comprehensive commercial data, analytics, and insights for businesses to make informed decisions, manage risks, and drive growth. D&B's primary function is to help companies leverage data to improve their business relationships and performance.
Key Features of Dun & Bradstreet
- Business Credit Reports: Access detailed credit reports and scores for millions of businesses worldwide.
- Data Management: Clean, enrich, and maintain business data using D&B's proprietary D-U-N-S Number system.
- Risk Management Solutions: Assess and monitor potential risks associated with customers, suppliers, and partners.
- Sales & Marketing Tools: Identify and target potential customers, and optimize marketing campaigns using D&B's extensive business database.
- Supply Chain Management: Evaluate and monitor suppliers to ensure a resilient and compliant supply chain.
What Makes Dun & Bradstreet Unique
- D-U-N-S Number: Unique nine-digit identifier for businesses, widely recognized as a global standard for business identification.
- Extensive Global Database: Access to data on over 400 million businesses worldwide, providing unparalleled coverage and depth.
- Predictive Analytics: Advanced machine learning algorithms to forecast business performance and risk.
- Live Business Identity: Real-time updates on business information, ensuring the most current and accurate data.
- Industry-Specific Insights: Tailored analytics and risk assessments for various sectors, enabling more precise decision-making.
Is Dun & Bradstreet Right for Me?
Signs You Need Dun & Bradstreet
- Increasing bad debt write-offs
- Difficulty in setting appropriate credit limits
- High rate of payment defaults
When Dun & Bradstreet Isn’t the Right Fit
- No need for extensive business credit checks
- Limited supplier or partner relationships
Customizing Dun & Bradstreet
- API Integration: Incorporate D&B data directly into your existing systems and workflows.
- Custom Scorecards: Create tailored risk assessment models based on your specific business needs and risk tolerance.
- Monitoring and Alerts: Set up custom alerts for changes in business credit scores, company information, or industry trends.
- Data Enrichment: Enhance your existing customer and prospect data with D&B's comprehensive business information.
- Industry-Specific Solutions: Tailor D&B's offerings to your specific industry needs, such as financial services, manufacturing, or technology.
Is Dun & Bradstreet Worth It?
Dun & Bradstreet's solutions are worth it for medium to large businesses seeking comprehensive business intelligence, risk management, and marketing insights. The platform's vast database and advanced analytics can improve decision-making, mitigate financial risks, and enhance targeted marketing efforts, potentially leading to substantial ROI. However, for small businesses or those with limited international operations, the cost and complexity of D&B's full suite of services might be excessive relative to their needs, and more focused, industry-specific solutions could be more appropriate.
How Much Does Dun & Bradstreet Cost?
Competitors to Dun & Bradstreet
Vendor | Reasons to Consider | Best For |
---|---|---|
Experian | Strong alternative for credit reporting and risk management, with a focus on consumer credit alongside business data | Companies needing both consumer and business credit information, particularly in financial services |
Equifax | Offers comprehensive credit reporting and risk management solutions, with strengths in employment verification and fraud prevention | Organizations requiring advanced identity verification and fraud detection capabilities |
TransUnion | Provides credit information and risk management solutions, with a strong focus on analytics and fraud prevention | Companies seeking advanced analytics and fraud prevention tools, particularly in financial services and insurance |
Orbis | Offers detailed company information and corporate ownership data, particularly strong in private company data | Organizations requiring in-depth corporate structure and ownership information, especially for due diligence and compliance |
LexisNexis Risk Solutions | Provides risk management solutions with a focus on identity verification and fraud prevention | Companies in regulated industries needing advanced risk management and compliance tools |
Creditsafe | Offers business credit reports and risk management solutions at a competitive price point | Small to medium-sized businesses looking for cost-effective credit reporting and risk management tools |
Coface | Specializes in trade credit insurance and risk management, with a strong international presence | Companies engaged in international trade seeking credit insurance and country risk assessments |
Open Source Alternatives to Dun & Bradstreet
Projects | Reasons to Consider | Best For |
---|---|---|
OpenCorporates | Provides open access to corporate data from official public sources | Organizations needing basic company information and registration data, particularly for compliance and due diligence |
Open Risk Manual | Collaborative platform for risk management knowledge and tools | Companies looking to build their own risk management frameworks or supplement existing tools with open knowledge |
GLEIF (Global Legal Entity Identifier Foundation) | Provides a global system for legal entity identification | Financial institutions and companies dealing with complex corporate structures, particularly for regulatory reporting and risk management |