Understanding Dun and Bradstreet
Dun and Bradstreet, often abbreviated as D&B, is a renowned company that provides commercial data, analytics, and insights for businesses. The company’s vast database contains more than 300 million business records, making it a valuable resource for businesses worldwide.
Founded in 1841, Dun and Bradstreet has a long history of helping businesses establish credibility, understand their marketplace, and make informed decisions. This article will delve into the various aspects of Dun and Bradstreet, including its history, services, and significance in the business world.
The History of Dun and Bradstreet
The story of Dun and Bradstreet began in 1841 when Lewis Tappan established the Mercantile Agency in New York City. The agency’s mission was to provide credit information to subscribers, a novel concept at the time.
In 1933, the Mercantile Agency merged with R.G. Dun and Company, forming Dun and Bradstreet. The company continued to grow and innovate, introducing the Data Universal Numbering System (DUNS) in 1962, which is still in use today.
The Evolution of Dun and Bradstreet
Over the years, Dun and Bradstreet has evolved to meet the changing needs of businesses. In the digital age, the company has expanded its services to include advanced analytics and insights, helping businesses navigate the complex world of data.
Today, Dun and Bradstreet is a global company with a presence in nearly every country. Its services are used by businesses of all sizes, from small startups to Fortune 500 companies.
Dun and Bradstreet Credit Scores
Dun & Bradstreet issues several scores to evaluate elements of a business, but the primary scores used are the Paydex score, failure score and delinquency score.
Paydex score (1 to 100): Scores of 80 or higher are considered low risk, scores of 50 to 79 indicate moderate risk, and lower scores equal high risk of late payment.
Failure score (1,001 to 1,875): A lower score translates to a higher risk for bankruptcy or business closure within 12 months.
Delinquency score (1 to 5): A lower score is better because it equals lower risk for seriously late payment (91-plus days) or bankruptcy.
The Significance of Dun and Bradstreet
Dun and Bradstreet plays a crucial role in the business world. The company’s comprehensive database and advanced analytics enable businesses to make informed decisions, manage risk, and drive growth.
Furthermore, Dun and Bradstreet’s DUNS number has become a standard business identifier worldwide. Many government entities and corporations require a DUNS number for contracts and grants, underscoring the significance of Dun and Bradstreet in the business world.
Dun and Bradstreet and Business Credibility
One of the key benefits of Dun and Bradstreet is its ability to establish business credibility. A positive D&B report can enhance a business’s reputation, making it more attractive to potential partners, clients, and investors.
Moreover, Dun and Bradstreet’s services can help businesses identify and mitigate risk, further enhancing their credibility and stability in the eyes of stakeholders.
Dun and Bradstreet and Business Growth
Dun and Bradstreet’s services can also drive business growth. By providing businesses with valuable insights into their market and customers, Dun and Bradstreet can help businesses identify opportunities for growth and expansion.
Furthermore, Dun and Bradstreet’s finance solutions can help businesses improve their cash flow and profitability, providing them with the financial stability needed to pursue growth opportunities.
The Bottom Line
Dun and Bradstreet is a vital resource for businesses worldwide. Its comprehensive database, advanced analytics, and robust services enable businesses to make informed decisions, manage risk, and drive growth.
Whether you’re a small business owner looking to establish credibility or a large corporation seeking to optimize your supply chain, Dun and Bradstreet has the tools and insights you need to succeed.