Solution Benefits
Identifying and verifying legitimate businesses
- For companies, getting a D-U-N-S® Number is the first step to building a detailed credit history.
- Improving their credit profile can nurture a business’s reputation with suppliers, trade partners and financial institutions.
- With a D-U-N-S® Number, the business appears legitimate to potential customers, partners and lenders.
- A D-U-N-S® Number uniquely identifies a company, like a fingerprint.
- D-U-N-S® Numbered records may contain information a company might not volunteer to a trading partner.
- A growing number of government organizations, such as the US Government and the UN, have policies which require applicants to have a D-U-N-S® Number.
Tracking changes within businesses
- The same D-U-N-S® Number stays with the company through its entire life, from inception to closure including bankruptcy.
- As a company makes public filings, changes location and engages in mergers or acquisitions, the D-U-N-S® Number assures that these changes are related to that one unique entity.
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Consolidating Data
- The D-U-N-S® Number consolidates business units. If two trading companies have the same number, they are units of the same company.
- The D-U-N-S® Number prevents duplicating records relating to single legal entity and helps minimize errors in records.
- As only one company can have a particular D-U-N-S® Number, cross-referencing other data on that company can be easier.
- The D-U-N-S® Number also helps to build family trees showing all the members of a trading family and linkages between company ownerships.
Identifying commercial opportunities
- The D-U-N-S® Number is a key unlocking the trading history and purchasing potential of millions of enterprises across the globe.
- The D-U-N-S® Number offers the most robust basis for commercial insights that will protect revenues, limit risks and fuel programs to increase profitability.
- The D-U-N-S® number can help a company to gain international visibility and credibility through the D&B database.
- Being included in the D&B database helps companies to identify and engage with potential customers across the world.
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