What is a Business Information Report?
The BIR is a detailed report to help mitigate potential business risks by accessing a company’s operations, financial performance, and public filing records. It’s an industry standard for evaluating both new and existing credit relationships. Plus, the report supports general company research and decision-making in a range of other functions, such as marketing, underwriting, legal services and purchasing.
Business Information Reports help you determine a company's profitability, financial stability, and payment performance. Help avoid late payment defaults and assess a company’s business risk with straightforward risk information.
Latin American businesses have the option of the Commercial BIR or the Comprehensive BIR
Use a BIR to:
- Verify the existence of a registered business or organization.
- Profile the size, scope, and nature of a business.
- Evaluate the experience and background of owners and key executives.
- Limit your risk exposure when making daily credit decisions.
- Identify a company's payment patterns by line of business (as reported to D&B).
- Analyze financial trends and the overall strength and stability of a business.
- Identify corporate relationships and potential conflicts of interest.
- Confirm legal information, such as a company's organizational structure, date and state of incorporation.
- Research possible fraud by reviewing names of principals and firm's business standing at the state level.
- Summary - Get an instant snapshot of a firm with key information such as sales, net worth, and financial condition.
- Special Events - Alerts you to major changes in Dun & Bradstreet's file, such as acquisitions, changes in ownership, fires, burglaries, and bankruptcies.
- Trade Payments - Highlights a firm’s payment patterns by time, value, and terms.
- Risk Assessment - Helps you spot trends and determine a firm's financial strength and overall stability. You'll learn why a company has a particular D&B Rating and what its rating has been in the past.
- Finance - Use additional financial information for your analysis, such as assets, sales, liabilities, and profits.
- History - Quickly evaluate the experience of the business and the background of its principals to help you identify hidden problems or potential opportunities.
- Operation - Understand a firm's operations, using information about what the business does, number of employees, a description of facilities, and location. Details may also include names and locations of branches and any known subsidiaries.