We're excited to announce that D&B recently joined Spend Matters' sister-site MetalMiner, as a lead sponsor, and opted to maintain a presence on this site by becoming an affiliate sponsor. D&B is well known among procurement and supply chain practitioners, but actually not that well understood. Part of the challenge is that they're both an applications and data provider. Increasingly, D&B is making their supply risk, diversity, basic enrichment and related content more easily available through a range of third-parties including Ariba based on their new D&B Direct offering.
Earlier this year, we noted that D&B's Direct offering provides:
"...new means of consuming D&B data directly through non-D&B systems, including a broad range of sales and marketing (inclusive of CRM), procurement, ERP, HCM and related systems ... From a technical standpoint, D&B Direct uses a basic API-driven approach to connect D&B's database with specific customer applications (e.g., spend analysis, supplier management, supply chain risk management, contract management, eProcurement). For this system-to-system API-based integration, users can preselect from six different specific D&B Direct Supply Management offerings. These include a Supplier Basic offering, which, in D&B's words, provides 'a deep list of a supplier's business identification, demographics, and diversity/socio-economic information' inclusive of over 70 data elements. These include sales, employees, executive names, NAICs codes, import/export information, FEIN, public/private IDs and related basic fields."
The second API-based supply management D&B Direct package consists of a Business Entity Match capability where 'an input record about a given supplier is connected to the matching D&B D-U-N-S numbered business record' within the D&B database. In other words, this offering provides a form of validated matching for verifying vendor master information. The third package that D&B offers focuses on Supplier Family Linkage. This API-based package provides the standard parent/child look up information in full consideration of 'corporate family relationships, headquarters, parent, local country ultimate & global ultimate, total employees at the global ultimate level,' etc. Further:
The fourth available package focuses on what D&B describes as Supplier Current Risk. This package offers intelligence into a supplier's "current business standing" based on a range of indicators such as "payment performance, indicators of financial embarrassment activity, presence of suits, liens or judgments, events such as natural disasters or operational activities like ownership change or merger/acquisition, etc." The fifth package, Supplier Predictive Risk, takes a more forward-looking view of supply chain risk on the vendor level, offering insight into "a supplier's possible future business standing" including risk scores and data based upon "credit scores, Financial Stress Score (FSS), Supplier Evaluation Risk (SER) rating and debarment indicators." The sixth and final package provides basic supplier financials -- cash/liquid assets, total assets, total liabilities, net worth, sales, net income, statement date, etc.
Beyond their direct integration offerings from a procurement standpoint, D&B has been investing quite a bit of energy lately in an updated compliance offering that delivers a range of capabilities including FCPA, UK Bribery Act, etc. This offering combines both structured data (e.g., watch-lists, fraud warnings, exclusions lists, law enforcement lists, local/national regulatory lists such as OSFI in Canada) with unstructured data spanning over 10,000 news sources to create a real-time view into compliance that transcends standard reporting databases. Other D&B capabilities that we hope to feature (and leverage) on Spend Matters include country specific risk profiles and alerts.
Please join us in welcoming D&B as an Affiliate Sponsor! We're thrilled to be truly partnering with sponsors such as D&B that treat the relationship with our sites and resources as a means to showcase their insight and data. As such, look for more frequent citations of D&B risk, compliance and related information on Spend Matters and MetalMiner on the country, supplier and regulatory levels. Beyond simply contributing to the conversation, we hope D&B can help shape it through real-time intelligence into global supply markets on these virtual pages.