Building corporate credit is a long-term task that requires careful planning, monitoring, and management. Luckily, there are a number of approaches to fulfilling exactly those needs. One of the first steps should be acquiring a D&B D-U-N-S® number. This unique, nine-digit number provides an easy way to identify your business and share important financial information with potential lenders and business partners.
Getting a D-U-N-S® number is easy and free. All that’s required is that the owner provide basic information about themselves and their business. Dun & Bradstreet takes care of the rest, processing all requests within 30 days. Expedition is available for a fee, lowering the wait time to 5 days or less.
Once you have a D-U-N-S® number, creating a public financial profile for your company is easily accomplished using D&B’s online iUpdate service. Submitting financial information to Dun & Bradstreet can help establish business credit, build your company’s credibility, and secure financing in the future. From there, D&B offers a range of tools and services for monitoring and managing your corporate credit.
Credit Monitoring Services
CreditBuilderTM is one of Dun & Bradstreet’s tools. For a monthly fee, you will be able to verify and update the information in your credit profile. Making sure that it’s accurate and up-to-date will help ensure that your established payment history does not go unnoticed.
You should know what other businesses are seeing when they check your Business Information Report—it can play an important role in whether or not they choose to do business with you. CreditBuilder™ provides a fast, user-friendly method of monitoring your credit file in real time. You can also elect to receive notices when other companies purchase a copy of your D&B credit report, and receive summaries of all inquiries into your D&B credit file.
D&B Credibility Review
Dun & Bradstreet also offers Credibility Badges that grant businesses a listing in their online business directory—including keywords and a brief description that are useful for online marketing purposes. Silver, Gold, and Platinum Credibility Badges come with progressively more benefits, while lending a stamp of credibility that conveys the authority of Dun & Bradstreet to your potential partners, customers, and lenders.