Dun Bradstreet unveils cloud-based credit and risk analysis tool

Dun & Bradstreet announced Monday the release of a new cloud-based platform designed to provide more efficient credit and risk analytics to CFOs and other financial professionals.The Short Hills-based data and analytics firm said in a news release that its D&B Credit platform will leverage D&B’s global database of more than 250 million business records updated 5 million times per day.

“D&B Credit was built with our customers in mind so they can do their jobs more effectively and make incredibly important portfolio decisions,” Bob Carrigan, CEO and director, said in a prepared statement. “We worked closely with our customers to build D&B Credit as an intuitive, modern, cloud-based platform that lets them access the world’s largest commercial database in user-friendly, customizable ways.”

D&B Credit allows businesses’ financial pros to:

• Maximize cash flow through smart credit management;
• Make more intelligent credit decisions faster;
• Receive updates on customers’ and prospects’ financial performance;
• Monitor risk and opportunity across portfolios;
• Access D&B’s advanced analytics;
• And more.

“CFOs today are required to play a much larger, strategic role to help the organization mitigate risk and uncover new sources of revenue,” Josh Peirez, president and chief operating officer, said in a statement. “At Dun & Bradstreet, we around proud to launch our next-generation credit solution.”

Dun & Bradstreet said D&B Credit is now available in the U.S. and Canada, and will roll out in additional markets throughout 2016.