Monday, February 26, 2024
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D&B Nigeria expands risk management solutions

Dun & Bradstreet, a global provider of business decision data and analytics for almost 200 years, has unveiled new products in Nigeria to minimise business risks and maximise opportunities.

It said in a statement that this was part of its expansion drive.

The statement said the two revolutionary solutions, ‘D&B Finance Analytics’ and ‘D&B Risk Analytics’, were aimed at streamlining finance operations and reforming third-party risk management for companies.

“The two flagship artificial intelligence-enabled solutions are powered by the D&B Data Cloud that comprises 520 million+ data records and contains key insights on 340 million+ shareholders,” the statement said.

It said the recently launched Finance Analytics is a complete credit-to-cash portal that assists businesses in streamlining financial decisions, reducing credit risk, and minimising bad receivables.

“Combining credit intelligence with receivables intelligence, this state-of-the-art product reduces company costs and enhances customer experience through credit automation and smooth cash management,” it added.

The second platform, which is Risk Analytics, helps companies manage regulatory and reputational risks emanating from their dealings with other companies.

According to the firm, “It monitors and evaluates third party risks through screening, environmental, social, and corporate governance performance, risk scores, and disruption alerts. A key feature of the platform is restricted party screening that detects third-party threats related to anti-money laundering, politically exposed persons, and adverse media coverage.

“Nigeria’s business ecosystem is expanding at a rapid pace and we invite companies to benefit from the comprehensive product catalog of Dun & Bradstreet. Interested companies are advised to visit the Dun & Bradstreet South Asia Middle East Africa website to get started.”

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