The Advantages of obtaining a Dun & Bradstreet Credit Rating:

Due to the fact that D&B are the most recognised credit reporting agency in the world they provide reports that go much deeper than just payment history. By obtaining a D&B Credit Report a company is able to strategically demonstrate increased credibility with suppliers and customers and reinforce a company’s viability and strengthen market presence. Basically, a D&B Credit Rating acts like a seal of approval for businesses and increases credibility. A D&B rating allows third parties to assess how well your company is doing and to assess and manage risk.

The primary factor in determining business credit worthiness is how promptly that business is meeting its payment obligations. Along with payment history the cash flow, working capital, net worth and general financial resources of the company are considered. Fiscal information is not the sole indicator however as the business profile of a company, the size, reputation number of employees and structure of the business will also be taken into account. All of these factors combine to produce a credit rating. A business credit rating illustrates the following:

  • Whether the business is responsiblein its payments procedures.
  • If the company has sufficient assetsto repay debts or provide collateral if required.
  • If the business environment is such that the company has all that is required to stand behind its business transactions.

A good credit rating is invaluable as it enables a company to obtain the necessary funds to expand or purchase new equipment etc. It can also assure liquidity guaranteeing the business has the necessary cash on hand to cover day to day operational expenditure. Eltoma can assist your business in obtaining and maintaining a D&B Credit Rating in order to improve performance.

The process of obtaining a Dun and Bradstreet Credit Rating:

D&B offer six different reports on each listed company combining these into a final score called ‘The Score Report’ which can then be used for analysis. The Score Report focuses on scores and rankings and produces a D-U-N-S number (Data Universal Numbering System) that allows the user to compare the company with their competitors. The D-U-N-S Number is the first stage in establishing a business credit record and can be done in a relatively quick timescale, in approximately 30-45 days. After this Eltoma will manage your credit rating ensuring that the business has active trade accounts and all up to date information is active.

The D&B Network offers an unrivalled alliance of D&B and information providers throughout the world. Through this network customers can gain access to worldwide business information, powered by D&B’s unique DUNSRight Quality Process.

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