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?
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.
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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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.
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.
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.
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.
Altares supports its customers in managing credit risk in France regardless of the desired delivery method
Altares supports its clients in managing credit risk in France, regardless of the desired delivery method
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.
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.
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.
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.
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.