Risk Management

It's essential for your company to have an insight into the risks associated with new and existing customers. This information helps you to reduce write-offs and Days Sales Outstanding (DSO). The information from Dun & Bradstreet provides you with an answer to four important credit management questions:

Who am I doing business with? Identification
Will he pay me? Risk of insolvency
When will he pay me? Payment behaviour
How much can I supply on account? Credit limit

Dun & Bradstreet information can help you at every stage of the Credit Management Cycle:

1. Proactively estimate risks and opportunities at the prospecting stage.

2. Assess the creditworthiness of new business relations and adjust terms and conditions accordingly.

3. Continue to monitor customers properly to identify possible risks at an early stage.

4. Base the collection and reminder process on the credit risk.

 

You can assess and monitor your business partners on line using Dun & Bradstreet business information. Moreover, it's a good idea to implement an automated acceptance process, if you have to take a lot of credit decisions. You can use existing Dun & Bradstreet policy rules and scores or opt for customisation. The Dun & Bradstreet data can also be integrated in your existing processes and systems according to your requirements.