The DUNS Number is a unique nine-digit identification sequence which provides unique identifiers of single business entities, while linking corporate family structures together.
Expanded form of DUNS: – Data Universal Number System.
A DUNS number is a numeric nomination provided to all companies or organizations through Dun & Bradstreet (D&B). D&B is the leading provider of business information for sales and marketing. Companies worldwide use the DUNS Number to link information about suppliers, customers and trading partners, providing a more complete picture of the risk and opportunity in their business relationships.
There are large number-of benefits to heighten the business by this D-U-N-S number. As a result of having DUNS Number the business will be visible on a detailed directory listing which is available to other organizations which signifies that the company is processing. By the DUNS Number the company can find new customers, reduce credit exposure and generate vendor savings. Although the DUNS Number is unique for every company or organization it will not be passed or assigned to any other company or organization.
Maintaining a D-U-N-S number can maximize your business level and as a result new clients will be available for the business process. In case even if the company is closed or completely stopped processing further the DUNS number will available always in the directory list.
Maintaining a D-U-N-S number can maximize your business level and as a result new clients will be available for the business process. In case even if the company is closed or completely stopped processing further the DUNS number will available always in the directory list.
Procedure to Apply for DUNS Number:-
- Accord the complete details of the business.
- Verify the identification.
- Create a username and password for your account.
- Enter Required Fields in the application provided.
- Wait for sometime till the number is assigned.
Benefits of Obtaining DUNS Number:-
- Identify risk exposure and highlight cross-selling opportunities within the same corporate family group.
- Eliminate duplicate file entries and build your own value-added customer and supplier information warehouses.
- Streamline your e-commerce transactions and simplify communications.
- Integrate your internal systems by linking payables/receivables and tracking business documentation to the business entity and location level.
- Reduce operating costs by linking interrelated suppliers and leverage this knowledge to increase purchasing power.
- Uncover revenue opportunities by identifying prospects.
- Improve customer service by linking related customer accounts to support a “one-customer” view.
