Payment Behavior Analysis
Thanks to its inclusion into Dun & Bradstreet WorldWide Network, CRIBIS D&B is able to provide data about payment habits of worldwide companies, contributing to an increase in credit collection and performances of cash management and a decrease of credit risk.
Dun & Bradstreet collects businesses payment habits and aggregates them with other information with the aim to give a more detailed picture of present and future financial stability of a given company. Payment performance is considered one of the most important indicators for identifying the risk of bankruptcy: 90% of bankruptcies experience high rate of payment delays, with performances pretty below the sector average.
Knowing your customers’ payment habits toward their suppliers is fundamental for defining the best credit policy to apply.