We know how fast your company pays its invoices. Do you know how fast your
customers pay theirs?
Active since the 1960s throughout the world and since 1984 in Italy, the
DUNTrade® Program is a proposal for partnership between CRIBIS D&B and its
client companies, with the objective of collecting payment information on
the customers of participating companies.
What is it?
The management of a database dedicated to analysis and evaluation of the
payment records of companies with respect to their suppliers.
The Payments database boasts over 1 billion payment records globally,
of which over 25 million are Italian.
What is the objective?
To promote financial transparency of the market through reliable credit
information that is more updated compared to the information acquired from
institutional sources.
Advantages of participating in the DUNTrade® Program
Participating in the DUNTrade® program means:
- Deciding to play a part in a worldwide initiative to improve
financial transparency of the market
- Contributing to the achievement of more comprehensive information
than is normally available
- Having access to a highly-useful credit management tool
As a Participant in the DUNTrade® Program, you have the exclusive right
to access the dedicated internet site
Trade Web Incentive, containing
detailed and unique analyses of the payment habits of your customers, not
only as regards your invoices, but also with respect to their other
suppliers.
Furthermore, payment information enables better management of cash flow
and enhances the CRIBIS D&B products with data that would not otherwise be
available:
- details on payment experiences
- the Paydex® index, a statistical indicator of the payment habits
of companies
- sector comparisons
How do you join?
For more information on the DUNTrade® program, on how to become a Trade
Partner and on the advantages of joining the program, click here or write to
us at Marketingit@dnb.com.
How does it work?
Participating companies transmit information on the payment records of
their customers on a monthly basis. We process the data received by matching
the names with those in our own database and update the Payments database.
Thanks to the continuous processing of data, partners of the program are
informed on the payment records of their customers with respect to several
suppliers, thereby obtaining an updated overview of the performance of each
company.
The DUNTrade® Program guarantees the utmost level of confidentiality for
partners:
during the data processing phases, the payment experiences make no reference
whatsoever to the source from which they have been obtained, making any
specific recognition of the information impossible.
All participants will be guaranteed absolute security and confidentiality
through an official letter sent by our legal representative.
