D&B helped in evaluating customers for credit risk. The client desired to make due-diligence checks before onboarding new customers and bidding for new projects for which D&B’s customized credit risk assessment along with litigation was offered.
The client was seeking a robust and comprehensive framework to evaluate the creditworthiness of potential customers prior to onboarding or bidding for new projects. This necessitates a detailed due diligence process encompassing financial statement analysis, litigation history, regulatory compliance checks, fund flow assessments, and ratio analysis. The objective is to mitigate credit risk exposure and ensure informed decision-making in customer acquisition and project engagement.
The client faced internal limitations in establishing a standardized and scalable due diligence process for evaluating customer credit risk. Current workflows lack integration across departments, leading to inefficiencies in gathering and analyzing financial data, compliance records, and fund flow insights. Additionally, the absence of automated tools for ratio analysis and risk scoring hampers timely decision-making.
Externally, the client must navigate inconsistent and often opaque financial disclosures from prospective customers, making it difficult to assess creditworthiness accurately. Challenges include limited access to reliable litigation and compliance data, varying financial reporting standards, and the risk of onboarding customers with hidden liabilities. These factors pose significant risks.
Dun & Bradstreet, as a trusted global partner, provided the company with deep insights into customer financials, compliance, and litigation history. With access to extensive data and customized credit risk scores, the company can now assess customer risk more accurately, enabling informed decisions and fostering sustainable, profitable relationships.
Product
Customized Credit Assessment Model
Industry
Electronics
Function
Risk Assessment
Contact us