We use them based on the operational criticality risk for operationally moderate risk and operationally critical vendors. We use LexisNexis to supplement if there appear to be any issues surfaced by the DNBi assessment or if we want to dig into some of the individual principals.
I find one of the most helpful DNBi features is the Family Tree which provides the ability to dig into the layers of company/ownership structure. If the vendor is publicly traded you can also pull some key financial ratios which is nice.
For us DNBi is one tool, we always use specific due diligence to confirm issues that DNBi report might raise. A DNBi might cause us to request additional due diligence, perform a more detailed assessment or have different conversations with our vendor but we would never take action or make a decision based solely on a DNBi or any other similar report.
Overall I like the DNBi interface, I find it easy to use and helpful in terms of the information it provides. Like all tools, it works best on larger companies with more publicly available information but at minimum you can confirm some basic information.
Shelly
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Shelly Chase
Senior Risk Analyst Officer
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Original Message:
Sent: 01-25-2022 04:22 PM
From: Anonymous Member
Subject: When to pull Dun & Bradstreet Reports
This message was posted by a user wishing to remain anonymous
Hello,
I'm curious to what other organizations do to pull dun & bradstreet reports on vendors. I'm currently brainstorming on the criteria my company would like to adopt and was wondering how others use this tool.