In response to Britain’s vote to exit the European Union, Dun & Bradstreet announced that it will provide, at no cost, business credit reports to U.S. companies trying to limit their risk and make intelligent business decisions during this time of uncertainty.
Starting today through July 31st, 2016, U.S. businesses without a current Dun & Bradstreet risk solution can have free access to up to $5,000 in business credit reports for companies in the U.S., Canada and the U.K., to help them assess creditworthiness, monitor financial stability and evaluate overall viability of the companies with which they do business.
Businesses that participate will also receive a year of alerts notifying them about changes to the business credit files they are monitoring. There will be no charge or payment method required. D&B’s objective is to serve the millions of U.S. companies that do business in the U.K. or work with U.K.-based companies in their supply chain, and help them limit the impact of the financial, regulatory, and tax changes that may occur as a result of the Brexit decision.
The free business credit reports and scores are derived from Dun & Bradstreet’s database of 250 million business records, which is updated millions of times each day. The credit report will include all available Dun & Bradstreet scores and ratings, payment history and information about financial health and risk of bankruptcy. In addition, the reports, where available, will identify potential issues like declining financial stability, changes in available cash on hand, and public filings including bankruptcies. Monitoring these files can help a company take early action on high-risk accounts to potentially avoid exposure to unnecessary risk.
Specifically, Dun & Bradstreet will:
- Provide access to itsD&B Credit Reporter product to S. companies without a current Dun & Bradstreet risk solution through July 31, 2016 at no charge at www.dandb.com/brexit.
- Allow companies in the US to access up to$5,000 worth of complete D&B business credit reports on companies in the S., Canada and U.K. Companies will have unlimited access to those reports for the month of July.
- Send 12 months of email alerts identifying detected changes to the business credit files of the companies being monitored.
- No credit card or other financial information will be collected from companies in need of this opportunity. This is a one-time offer that is not renewable.
Source: Dun & Bradstreet Press release