B2B Payments

D&B Links AR Data To Business Credit Reports

Business Credit Reports (BCR) announced it has added Dun & Bradstreet‘s Payment Performance Insights to its business credit solution.

BCR is the largest independent provider of credit information on businesses around the globe, offering multi-bureau reports, including Experian, Dun & Bradstreet, Equifax, Graydon, Creditreform and Ansonia information. A company’s accounts receivable (AR) data can now be combined with Dun & Bradstreet’s data and analytics to get a better understanding of customer payment performance, with the aim to reduce delinquency.

The cloud-based portfolio analysis tool allows clients to prioritize collection calls by looking at account payment behavior across a portfolio; segment and filter that portfolio to get a better understanding of customers’ exposure and payment performance; and “view account-level firmographics and details to understand payment performance on an individual customer.”

Pam Ogden, president and founder of Business Credit Reports, said in a press release, “When companies use Payment Performance Insights, they are able to get their chronic slow payers to pay on time and keep them from becoming no-pays. It is a great tool for improving customer payment behavior. We are happy to partner with Dun & Bradstreet to deliver this outstanding tool to our customers.”

Payment Performance Insights provides a variety of graphs, charts and detailed views, including a Comparative Payment Behavior chart that displays customers’ payments, compared to how they compensate other vendors, and how fast their rivals pay. In addition, it provides Days Beyond Terms Trends graphs, which show 24-month payment trends on the account and portfolio levels, as well as account-level and segment views for insights on payment performance.

For BCR clients who report their accounts receivable data to Dun & Bradstreet’s Global Trade Exchange Program, via BCR’s free credit bureau data reporting services, there is no additional charge to use the Payment Performance Insights tool.

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New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.

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