A model of payment terms suited to the financial capabilities of your customers and a rigorous dunning process are the two keys to managing DSO which Altares-D&B can help you with.
With Altares, a member of the Dun & Bradstreet network, you gain access to the largest database of corporate payment information in the world. You define payment terms and conditions according to the profile of your prospects and customers, benchmark your collection performance and set new collection priorities for your collection teams.
Do you know the payment habits of your business partners?
Anticipating the insolvency of your French business partners
1.5% of the turnover of French companies becomes irrecoverable, i.e. more than €56 billion per year. Late payments are the first sign of financial difficulties for a company. It is therefore strategic for companies to anticipate the insolvency of their business partners. With Altares, learn about the payment habits of 100% of French SMEs and ETIs, allowing you to better define your payment terms and conditions according to the payer’s profile.
Anticipating the insolvency of your international business partners
In an unstable and highly regulated international environment, businesses must have complete confidence in their partners or risk default or fraud. Late payments must be kept under control, especially as payment habits differ significantly from one country to another. In 2019, 86% of Danish companies paid on time, compared with only 18.5% in Israel and 49% in Mexico. The COVID-19 crisis has further increased the risk to these international business relationships and the need to prevent the possible insolvency of your business partners.
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The largest BtoB database in the world
500M
OF COMPANIES IN THE WORLD
231M
OF EXECUTIVES
11M
OF FRENCH COMPANIES
100M
OF CORPORATE LINKAGES
160M
BENEFICIAL OWNERS IN THE WORLD
4.5M
BENEFICIAL OWNERS IN FRANCE
Altares-D&B’s expertise in reducing your DSO
Implementing a rigorous dunning process is the key to managing DSO. The human resources allocated to cash collection are often insufficient to process the entire portfolio.Altares has developed an expertise based on the processing of more than 120 million invoices per year, which allows us to define a payment profile for more than 1 million companies in France and abroad.With Altares, you have a risk management tool that integrates algorithms prioritising collection actions and allowing you to compare your performance indicators with those of your peers.
Altares-D&B’s data helps anticipate the insolvency of your partners
The Altares Score
The Failure Score corresponds to a risk rate, i.e. the probability of entering into collective proceedings (safeguarding, receivership and judicial liquidation) within a 12-month period.
Updated daily, the Altares score is a central piece of data concerning the risk associated with French companies, as it allows you to assess third parties, whether they’re prospects, suppliers or customers.
More than 35,000 companies use the Altares score daily in their credit decisions, through our platforms.
The D&B® Rating
The D&B® Rating combines the size of a company and its balance sheet information (the company's assets, liabilities and equity) and uses them to create a global rating of the creditworthiness of companies internationally.
The DunTrade and Paydex programme
The DunTrade ® programme is a factual observation of the reality of payments in which the members of the worldwide D&B network participate, through an exclusive collection and analysis programme for late payments (invoices).
Collecting this data allows us to establish a payment score, the Paydex®. The Paydex® and the FPI (Frequency Payment Index) allow you to evaluate the payment habits of a company or a public body to help you in your decision making regarding entering into a relationship or continuing with a third party, both in France and internationally.
D&B network data
Dun & Bradstreet's Data Cloud provides the world's most comprehensive financial data and analytics to address key issues across all business functions.
With our solutions and risk analyses, we support financial departments in their policies for payments and third-party insolvency. Finally, the technology teams can create a unified view of third parties across all systems and provide cash collection teams with all available D&B data directly from their systems.
Our risk management solutions
Altares supports its customers in managing credit risk in France regardless of the desired delivery method
Platforms
D&B Credit
Benefit from exclusive access to information and analysis 500 million businesses worldwide. Check the financial situation of your customers and suppliers. Protect yourself from the risks of financial fragility or payment difficulties. With 220 countries in the portfolio being monitored, D&B Credit is the most powerful risk management solution in the world.
Platforms
D&B Country Risk
Get a clear vision of your international markets. Setting up, investing or doing business internationally is not something you can improvise. D&B Country Risk provides you with detailed reports on your potential partners as well as analyses of the commercial, economic and political environments in which they operate.
The Risk management solutions we offer
Altares supports its clients in managing credit risk in France, regardless of the desired delivery method
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How can we help you?
I would like to manage the credit risk on France
In France, 2,000 companies are created every day, which is as many opportunities to develop your business. But, every year, 3 out of 100 business enterprises also file for bankruptcy. Verifying the legal existence of a company and detecting the risks carried by this partner is essential to ensure the sustainability of your business.
I have to manage credit risk in an international context
The export volume is realized by only 125 000 French companies. But for 60% of them, the first obstacle mentioned is the lack of quality information on the target market, and for 40% the difficulties in finding the right partner.
How can I prevent the insolvency of my business partners?
A payment terms model adapted to the financial capabilities of your customers and a rigorous dunning process are the two keys to a controlled DSO for which Altares-D&B can help you, whether in a local or international context.
How can I ensure profitable growth for my company?
Our decision-making tools, provided through platforms dedicated to international risk, via the integration of Altares-D&B data directly into your information system, or the enrichment of your third-party files, give you the information you need to ensure your growth is sustainable and reliable.
How can I make my third-party repository more reliable?
The classification and prioritization of data are the keys to ensuring the overall consistency of your information system. Altares allows you to create, clean and maintain your business partners’ data repository on a daily basis.
