Date: November 14, 2023
The Dun & Bradstreet D-U-N-S® Number (short for Data Universal Numbering System) is a nine-digit unique identifier for businesses. Hundreds of millions of D-U-N-S Numbers exist for companies across the globe.
A Dun & Bradstreet (D&B) DUNS number is a unique nine-digit identifier for businesses, often used for credit reporting and business identification purposes.
A Dun & Bradstreet (D&B) DUNS number serves several purposes and is widely used in the business world. Here are some key purposes:
1. Business Identification:
The DUNS number is a unique identifier assigned to each business entity by Dun & Bradstreet. It helps in accurately identifying and tracking businesses globally.
2. Credit Reporting:
Many businesses use DUNS numbers for credit reporting purposes. Lenders, suppliers, and other creditors may use the DUNS number to assess a business’s creditworthiness and financial stability.
3. Government Contracting:
In the United States, DUNS numbers are often required for businesses seeking to bid on government contracts. Government agencies use DUNS numbers to track and manage contracts with various entities.
4. Global Business Transactions:
The DUNS number system is recognized internationally, making it useful for businesses engaged in global transactions. It helps facilitate cross-border commerce and provides a standardized identifier.
5. Supplier Relationships:
Some companies and organizations require their suppliers to have a DUNS number. It can be used as part of the supplier vetting process to ensure the legitimacy and stability of business partners.
6. Risk Management:
Businesses and financial institutions use DUNS numbers as part of risk management processes. It can be a factor in assessing the overall risk associated with a business, especially when making financial decisions.
7. Business Credibility:
Having a DUNS number can enhance a business’s credibility. It is often used as a sign of legitimacy and stability, especially when dealing with international partners or seeking financing.
8. Data Integration:
DUNS numbers are used in data integration processes, allowing businesses to link and integrate information from various sources. This can help create a more comprehensive profile of a business for analysis and decision-making.
9. Standardization:
The DUNS number provides a standardized and unique identifier that helps eliminate confusion or errors in business transactions. It contributes to the efficiency of data management and reduces the risk of misidentification.
10. Access to Business Information:
Companies, researchers, and analysts use DUNS numbers to access business information through Dun & Bradstreet’s database. This information can include financial data, industry classifications, and details about a business’s operations.
Here’s how you can apply for a DUNS number:
1. Visit the Dun & Bradstreet (D&B) Website:
Go to the official Dun & Bradstreet website at https://www.dnb.com/.
2. Locate the DUNS Number Request Page:
Navigate to the section of the website that allows you to request a DUNS number. This may be labeled as Get a D-U-N-S Number.
3. Select the Appropriate Option:
Choose the option that best describes your business or the reason for obtaining a DUNS number.
4. Provide Required Information:
You’ll need to provide information about your business, including its legal name, address, phone number, industry classification, and the name of the person applying for the DUNS number.
5. Verification:
Dun & Bradstreet may require verification of your business information. This could involve confirming details with third-party sources.
6. Wait for Processing:
Once you’ve submitted the required information, you may need to wait for Dun & Bradstreet to process your request. The processing time can vary.
7. Receive Your DUNS Number:
If your request is approved, you will receive your DUNS number. This is a unique identifier for your business and is often used by creditors and potential business partners to assess your creditworthiness and business stability.
8. Check for Accuracy:
Verify that the information associated with your DUNS number is accurate. If there are any discrepancies, contact Dun & Bradstreet to make corrections.
It’s important to note that obtaining a DUNS number from Dun & Bradstreet is typically free for most businesses. However, there may be fees associated with additional services offered by Dun & Bradstreet, so be cautious when navigating their website and selecting services.
Always check the latest information and procedures on the official Dun & Bradstreet website, as processes may change over time.