Dun & Bradstreet Launches Cloud-based Credit Risk Management Platform
Dun & Bradstreet (D&B UK), a provider of global business information, tools and insight, has launched DNBi in the UK, an interactive, cloud-based credit risk management platform that gives one-stop analysis of a company’s credit risk.
As economic turbulence continues, credit risk exposure is under the microscope. With a network of hundreds or thousands of suppliers and customers, keeping tabs on the credit ‘weak links’ is of critical importance and yet increasingly complex to do. The DNBi credit risk management platform provides one clear view of risk, with decision-ready insight made accessible and customised to the needs of the individual.
“DNBi brings innovation to credit control, and will transform the way companies manage credit risk. Rather than juggling traditional credit reports and a multitude of often irrelevant information feeds, this unique online tool gives credit professionals one-stop incisive analysis that is customised to them. Those in the credit department can work more efficiently and consistently with in-depth information specific to their role, while the FD or MD can get a top line strategic view to monitor the entire company’s position,” said Roger Hodson, managing director, D&B UK.
Industrial dry cleaning supplier Alex Reid was among the first of D&B UK’s customers to trial the DNBi platform. Terry Jakeway, credit control manager, Alex Reid, said: “DNBi has revolutionised the way our credit control and sales teams focus their attention. We are now in a position where we can see which companies pose most financial risk to the company and which businesses our reps can approach knowing that they are on a sound financial footing thanks to the information provided by DNBi.
“The system is very easy and simple to use and provides you with all the necessary information as soon as you log into the system. A big advantage of this system is that you can change the ‘dashboard’ so it only shows you the information you want and what is most important to you. The multiple e-mail receipts that highlight any changes to the reports is also a major plus,” added Jakeway.