the dunsright tm quality process: the power behind quality information
TRANSCRIPT
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The DUNSRightTM Quality Process:The Power Behind Quality Information
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D&B's Intense Commitment to our Customers Reflects in our Aspiration...
To be – something we are always striving to achieve
The most trusted – a level of trust that is unrivaled and is built on our 160-year heritage
Source – the one and only place a customer can and should go for business information
Business insight – what we provide; not just data, not just information
So our customers can – we always want to enable our customers; you come first and our success depends on your success
Decide with confidence – to make critical business decisions with the utmost confidence with D&B; what our Brand stands behind.
To be the most trusted source of business insight so our customers can decide with
confidence
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Everyday You Make Decisions That Greatly Impact and Can Even Make or Break Your Business
In Risk Management Understanding and managing total risk exposure within your existing customer portfolio Identifying and aggressively collecting on high-risk accounts Benefiting from frequent assessment of the risk of all your customers Using your credit resources more efficiently to save money
In Sales & Marketing Uncovering who and how big your most important customers are Exploiting untapped opportunities within these customers Acquiring new high-growth customers that look like your best existing customers Re-allocating your sales force resources based on revealed growth
In Supply Management Understanding when and how to reduce suppliers to increase your negotiating leverage
and find significant savings Uncovering risks and dependencies on suppliers to reduce exposure to supplier failure
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The Success of These Business Decisions Depends Largely on the Quality of the Information Behind Them
Quality of Information?
Assess risk more frequently
Identify high-risk accounts
Reduce exposure to suppliers
Manage total risk exposure
Acquire new high-growth customers
Exploit untapped opportunities with existing customers
Increase negotiating power with suppliers
Align sales resources
Decisions
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Quality Is Determined By How Accurate, Complete, Timely and Consistent the Information Is
Quality of Information =
Accuracy
Completeness
Timeliness
+
Cross-Border Consistency
Assess risk more frequently
Identify high-risk accounts
Reduce exposure to suppliers
Manage total risk exposure
Acquire new high-growth customers
Exploit untapped opportunities with existing customers
Increase negotiating power with suppliers
Align sales resources
Decisions
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Quality Information
Because There Are Thousands of Sources of Data, It Is Challenging to Ensure That Your Decisions are Based on Quality Information …
Decisions
????Thousands of Sources
of Data
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… Particularly, When Business Changes So Frequently
In the next 60 minutes … 251 businesses will have a suit, lien or judgment filed against them 183 business telephone numbers will change or be disconnected 43 business addresses will change 36 directorship (CEO, CFO, etc.) changes will occur 33 new businesses will open their doors 8 companies will change their names 7 businesses will file for bankruptcy
So in a year… 21% of CEO’s will change 20% of all addresses change 18% of telephone numbers will change 17% of business names will change
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We Have Over 160 Years of Experience in Collecting from Multiple Sources and Enhancing Data Into the Quality Information that Drives Profitable Decisions
Quality Information
Decisions
Thousands of Sources
of Data
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This Process of Collecting and Enhancing Data is Called DUNSRightTM and Consists of Quality Assurance Plus Five Quality Drivers
GlobalData
Collection1
EntityMatching
2
D-U-N-SNumber®
3
CorporateLinkage
4
PredictiveIndicators
5
D&B Global
Database
Quality Information
Quality Assurance
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The Foundation of DUNSRight is Quality Assurance – Our Continuous 2000 Automated Checks To Ensure the Data is Meeting Our High Quality Standards
GlobalData
Collection1
EntityMatching
2
D-U-N-SNumber
3
CorporateLinkage
4
PredictiveIndicators
5
Quality Assurance
D&B Global
Database
Quality Information
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DUNSRight’s Five Quality Drivers Work Sequentially to Enhance the Data and Make it Actionable
GlobalData
Collection1
EntityMatching
2
D-U-N-SNumber
3
CorporateLinkage
4
PredictiveIndicators
5
D&B Global
Database
Quality Information
Quality Assurance
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During the First Driver - Global Data Collection - We Bring Together Data from a Variety of Sources Worldwide …
GlobalData
Collection1
EntityMatching
2
D-U-N-SNumber
3
CorporateLinkage
4
PredictiveIndicators
5
Quality Assurance
D&B Global
Database
Quality Information
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… Then we Integrate the Data into the D&B Database Through our Patented Entity Matching, Resulting in a Single, More Accurate Picture of Each Business Entity
GlobalData
Collection1
EntityMatching
2
D-U-N-SNumber
3
CorporateLinkage
4
PredictiveIndicators
5
Quality Assurance
D&B Global
Database
Quality Information
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Next We Apply the D-U-N-S® Number As a Unique Means of Identifying and Tracking the Business Globally Through Any Changes It Goes Through
GlobalData
Collection1
EntityMatching
2
D-U-N-SNumber
3
CorporateLinkage
4
PredictiveIndicators
5
Quality Assurance
D&B Global
Database
Quality Information
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The D-U-N-S® Number also enables Corporate Linkage to Build Corporate Families to provide a View of Total Corporate Risk and Opportunity
GlobalData
Collection1
EntityMatching
2
D-U-N-SNumber
3
CorporateLinkage
4
PredictiveIndicators
5
Quality Assurance
D&B Global
Database
Quality Information
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Finally, Predictive Indicators Use Statistical Analysis to Indicate the Likelihood of a Business to Perform in a Specific Way in the Future
GlobalData
Collection1
EntityMatching
2
D-U-N-SNumber
3
CorporateLinkage
4
PredictiveIndicators
5
Quality Assurance
D&B Global
Database
Quality Information
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As a Result, You Not Only Have Access to the World’s Largest Global Business Database ...
D&B Global Database
• Over 105 million businesses
• Over 200 countries
Over 1.5 Million Daily Updates
D&B D-U-N-S® Number
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... You Also Have Confidence in the Quality of the Information Enabling Your Decisions
GlobalData
Collection1
EntityMatching
2
D-U-N-SNumber
3
CorporateLinkage
4
PredictiveIndicators
5
Quality Assurance
D&B Global
DatabaseQuality
Information
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D&B Quality
Information
D&B Quality Information is at the Foundation of Our Risk Management, Sales & Marketing, Supply Management and E-Business Solutions ...
D&B Global
Database
1
52 3 4
Quality Assurance
Quality Drivers
Decisions
DUNSRight
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Leverage the Full D&B Database• 100 million businesses• Direct investigations, news and media• Payment and financial information• Public records and government registries • Web sources and directories
Direct Contact with Companies• Phone • Web
Third-Party Sources • Business partner network (PRONet & CCR) • Select state and local government agency files• Independent certification agencies• Directories, list providers • Partnerships and alliances, member organizations,
chambers, etc.
350+ sources - including federal, state and local agencies - provide the breadth to the world’s most complete supplier diversity database
D&B Supplier Diversity Database
17 Million Small Businesses
4.3 Million Socio-Economic Classifications
D&B D-U-N-S® Number
Dat
a C
onte
nt
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17 million small businesses and 4.3 million socio-economic classifications contribute to the depth of our supplier diversity database
May 2006
Classification File Counts
Small Businesses 17,190,792
Women-Owned Businesses 3,144,782
Minority-Owned Businesses: 843,752Hispanic 227,044Asian149,845African American/Black 158,767Native American 29,819Indian Sub-Continent 29,700Minority/Type Not Specified 247,711
Veteran (Includes Vietnam and Service Disabled) 241,123
Small Disadvantaged Businesses 17,016
HUBZones 12,778
8(a) 14,192
Historically Black Colleges/Minority Institutions 875
Labor Surplus Areas 7,388,963
Dat
a C
onte
nt
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There are several tools to keep your D&B listing as robust as possible
D&B eUpdate is a simple tool you can use to ensure our database contains only the most up-to-date information on your business. eUpdate provides: Free online access to the most current Business Information Report
on your business The ability to review and update your company profile online - free of charge - 24
hours a day Over 80 elements are available for update
Extensive validation & verification system Over 800 validations, including Fraud Alert Software Phone verifications as needed
D&B validates all business once a year Use phone call from D&B to verify or change key identification information
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eUpdate is available through dnb.com. Click on “Manage Your Company Profile” to sign up
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So You Can Be D&B Sure About Your Critical Business Decisions
Don’t Just Be Sure. Be D&B Sure.TM