Checking a business credit report is an important first step in evaluating vendors, customers, prospects and partners to avoid nonpayment, reduce exposure to bad debt and maintain a healthy cash flow.
It is possible to better and more quickly understand a company’s payment behavior based on its credit and financial profile. Identify how this could affect the financial health of your business and the fulfillment of its obligations in the future to make preventive decisions.
Is it that simple? Yes.
Our reports contain more than just operational data and credit histories.
Thousands of businesses of all sizes rely on our business credit reports to find meaning in their data. So learning how to properly read your Dun & Bradstreet CIAL reports will allow you to much more effectively assess the potential risks and damages behind any negotiation or choice of suppliers, partners and customers.
Identify what problem you want to solve and learn
1) “I want to anticipate the risks of working with specific clients, suppliers and telegram number list partners , but with all the data available to carry out an in-depth analysis of their profiles.”
2) “I want to determine what is the most appropriate and safe amount of credit to grant to my regular and prospective clients without putting myself at risk or being below the competition.”
3) “I want to get a real-time view of the essential data from suppliers, customers and partners to evaluate in order to make a quick, but well-founded decision.”
Connect with the best business opportunities through optimal data analysis.
How to implement information, analysis and strategic models to improve credit decisions, collections and portfolio management
Supply chains are critical to millions of organizations around the world. In some cases, 50% to 80% of a company’s costs can be directly linked to the supply chain.
In fact, one of the most common key performance indicators
(KPIs) across all companies within the industry is delivering products to the customer on time, and if surviving the new normal here were an interruption, it would represent a failure within the proces
Dun & Bradstreet experts often express surprise at the fact that many companies have little knowledge about which of their larger suppliers have risks and exposures from smaller suppliers. In short, they don’t know who supplies their suppliers.
Known as Tier N, these smaller entities branch out to several lower levels within the supply chain, and little is known about their risk exposures. In some cases, these organizations are shrouded in mystery compared to the fans data transparency of larger suppliers.
This lack of visibility translates into vulnerability. Not knowing the depth of your supply chain leaves you at the mercy of unfortunate disruptions within normal situations that can end up costing tens of millions of dollars. However, gaining a deep understanding of your supply chain is harder than it seems. Data in your supply network is often fragmented, unreliable, and layered across multiple locations and business entities.
Even if you manage to create an accurate map of your supply chain, the data collected can become outdated very quickly.
So how serious are these disruptions?
According to a 2016 BCI Supply Chain Resilience survey, 70% of organizations surveyed indicated they had experienced some form of supply chain disruption. Within that same group, 2% of those surveyed revealed they had suffered a loss of more than $50 million due to such disruptions.
- Unplanned IT and telecommunications outages.
- Loss of workers.
- Cyberattacks and data leaks
- Transmission network interruption.
- Failures in the subcontracting proces