Dun & Bradstreet are one of the leading business credit reporting firms in America. These companies provide the reports to the businesses on behalf of the financial institutions like banks, mortgage institutions, lenders etc. They have complete information about all the credit scores of a business. They provide it free of cost to the businesses to keep a track of their credit history. It also helps them in taking decisions related to the credit policies of their business.
A company gets the reports from various credit bureaus as per their credit report criteria. The business credit report contains the history of payments, repayment patterns, entries in accounts, outstanding loans, balance payments, credit limits, collection activity, and so on. It helps the management to take right decisions for their businesses. This enables them to take actions for improving the business performance and improvising the profit margin.
There are many factors that affect the credit report of a business. The most common one is the accounts receivable. Every business has to process credit cards bills to its customers at the time of invoices for payment. To keep track of its customer's payments, they have to get the reports from all the three reporting agencies. They can obtain the reports from Dun & Bradstreet from all the agencies at a time.
To find the accurate report, it is important for the organization to get the reports from all the agencies. They can check the reports for errors that may be present in any of the reports. With these reports, they can fix all their credit problems. They can easily know the position of their business in the market. This gives them a better knowledge of the current financial position of their firm and their ability to improve the same or take preventive measures to avoid the same in future. This is how Dun & Bradstreet help the organizations in taking corrective actions.
The business credit report is prepared after a detailed survey of the financial matters of the firms. It contains all the details of the business activities and the income earned by them. The report also includes the value of assets, liabilities and other financial issues. The report also consists of other information like purchase orders, sales figures, budgetary estimates, corporate expenses and the net worth etc. all this information is essential when it comes to prepare the annual report of the company. Dun & Bradstreet provide the organizations with their business credit report free of cost.
In the recent days, it has become extremely important for the companies to keep track of their finances. Because of the global economic crisis, it is becoming difficult for the companies to manage their finance. These days, the credit report has become the first step towards managing the financial matters of the business. Therefore, it becomes imperative for the organization to maintain the perfect balance between the internal control systems and external control systems. Thus, keeping your business credit report in good health by checking it regularly by Dun & Bradstreet is essential for your business growth.