The deal will allow Dun & Bradstreet to provide clients a full credit-to-cash solution and enhances its efforts toward streamlining and automating financial transaction processes.
“Our commitment to innovation is a constant at Dun & Bradstreet and embodies our desire to bring our clients comprehensive end-to-end solutions to solve their most pressing needs. Deep credit experience is in our DNA. It is what has set us apart for nearly two centuries and puts us at the forefront of our industry,” Andrew Hausman, president of finance & risk solutions at Dun & Bradstreet, said. “Purchasing these assets is symbolic of this effort and will bring to market a single receivables management solution that integrates credit, collections, payments and cash applications so finance departments can be more productive.”
coAction.com’s applications will be immediately integrated into Dun & Bradstreet and provide solutions toward:
- Making better credit decisions by evaluating new applicants, managing and automating the credit review processes and conducting portfolio and account analysis;
- Automating the collections process by combining Dun & Bradstreet’s data and analytics to provide strategies, portfolio segmentation and digital invoicing;
- Automating cash applications with a collaborative tool for payment matching, remittance resolution, payment application and reporting;
- Enabling timely payments, view balances and account statements.
“We are excited to join Dun & Bradstreet and look forward to working alongside their talented team to deliver a differentiated set of solutions to help businesses modernize their financial operations,” Jagdish Talreja, CEO of coAction.com, said. “Having a single unified platform for credit-to-cash underpinned by Dun & Bradstreet’s category-defining commercial data and analytics will help finance teams transform their operations.”
Financial terms were not disclosed.