D&B services helped by providing support for customized assessments and monitoring customers portfolio. This resulted in informed credit decisions and proactive identification of unforeseen risks.
The company faced a need to identify impending challenges when focusing on credit risk assessments and understanding in depth about the product aspirations of its customer base. All in all, the challenge was to have the right data that would help the company take informed decisions as a key stakeholder for the customer.
The company faces internal challenges such as managing extensive customer data, integrating advanced analytics and AI tools, and ensuring consistency in credit risk assessments across different regions, which require significant investment in technology and resources
Externally, the company must navigate market volatility, regulatory compliance, competitive pressures, economic cycles, technological disruptions, and changes in global trade policies that impact customer businesses and their credit risk profiles.
D&B provided invaluable assistance through a two-fold approach: offline support for customized assessments and an online dashboard for regular monitoring of the customer portfolio. Leveraging D&B's extensive data and robust customer assessment model, the company was able to make informed credit decisions based on D&B's risk assessment scores. Additionally, the online dashboard allowed them to view and monitor their customer base regularly, enabling proactive identification of unforeseen risks.
Product
Credit Risk Assessments, Finance Analytics
Industry
Steel
Function
Risk Assessment
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