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Dun & Bradstreet

Would you trust credit decisions from a company whose data is so corrupt? I was doing a Google on myself and I came across this website: http://www.corporationwiki.com/p/2ia9yb/wayne-spivak The data discovered is very funny: - It states I'm the President and CFO of Proformative (last time I checked, John Kogan has never offered me those roles :) ). - The MIS Director for a non-profit (never officially with that title) where I was a member and left over 10 years ago - The President of a former client who closed his doors several years ago - The manager of a Law Office (my own - which is probably another Wayne Spivak who stole my name, but I'm sure not my good looks) Look at the very bottom of the website page, it says "Source: Dun & Bradstreet refreshed 4/14/2015" They don't even list that I am the President & CFO of my company which has been in existence since 1990. Comedy aside, this data is just wrong. Why not do a search on yourself? Why would you use D&B? Remember for $150 you can see A Comprehensive Insight Plus Report The D&B Comprehensive Insight Plus Report combines D&B's proprietary statistical scoring with business, payment and financial information all in one report. The Comprehensive Insight Plus Report is the only D&B product to showcase both of D&B's predictive data elements, namely, credit score (assesses probability of slow pay) and financial stress (measures likelihood of business failure), along with a rich mix of financial, payment and summarized business information. It's designed to provide customers with as complete an assessment as possible of both the current profile and future outlook for an account. Or as I suggest, save your money.

Answers

Steve Sheridan
Title: Associate
Company: Dean Lewis Associates
(Associate, Dean Lewis Associates) |

We've always found the best info comes from the source. When opening a line of credit for a customer, we email or fax a request to their trade references that asks the basics. It's proven to be more beneficial than what D&B could offer.

Robert Ewalt
Title: Exam Development Manager
Company: Institute of Certified Management Accoun..
(Exam Development Manager, Institute of Certified Management Accountants) |

I agree - D&B does have too many mistakes. The individual credit reporting agencies (Experian, etc) also are full of errors.

Laura Colony
Title: Controller/HR Director
Company: BioTech Company
(Controller/HR Director, BioTech Company) |

Never. D&B is outdated in their methods of collecting data as well. How can their predictive data be worth anything if their historical data (and their erroneous data gathering methods) is inaccurate?

Obviously, you can tell I am not a fan of D&B and I admit it. I remember years ago, they called and wanted us to pay $10k to $30k to be members and threatened that if we didn't, they would reflect negative information on our report. I believe they were eventually sued for it.

I believe they have a very overpriced product. There are some great products out there that use better data analytics.

Anonymous
(Secretary and Director ) |

A cautionary tale: I was recently tasked with updating our small company's D&B profile with details of its recent acquisition, including an entirely new slate of officers and directors. After laboriously inputting screen after screen of info (including uploading various documents as "proof" of the changes), a final screen informed me that the information would be reviewed and, if acceptable to D&B, the profile would later be updated. About a week later the email arrived and stated that the updates had been rejected because D&B had been unable to reach anyone at the company by phone to verify them!! In fact, no one from D&B had ever called. We have now lost all interest in D&B.

John P. Martin
Title: Analyst - Finance
Company: Own
(Analyst - Finance, Own) |

Agreed. D&B’s information is generally old, and unreliable. And yes, they are entirely too costly.

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