What is the Duns number?
DUNS number is a nine -digit number assigned to companies around the world that is registered with the DUN & Bradstreet international business information provider. The number itself does not contain any information about society, but rather serves as a unique identifier, as well as identifying individuals, National ID numbers such as the Social Security number in the United States are used. The DUNS number is used to check the company's credit and financial history as it appears in the Dun & Bradstreet database.
businesses understood the need for far -reaching and impartial credit news at the age of 40, but only in 1933, when the historical fusion created international intelligence giant Dun & Bradstreet. Its function is to collect data from banks and other creditors on the status of the company and report them to entities that want to trade with this company even if the personal credit reporting agencies collect and distribute informationon an individual's credit credit. Dun & Bradstreet messages can also contain information such as the number of employees, previous names and addresses; The number of shares issued may also be included if the company is a public corporation. More than 100 million corporations, non -profit organizations, partnerships, exclusive ownership and limited liability companies are registered with Dun & Bradstreet.
In 1963, Dun & Bradstreet created a system of universal data numbering (DUNS), which helps alleviate problems caused by the use of the company as its identifier. The name identifier system has led to dismissal and misinformation due to errors and human errors. For example, a customer could apply for "Smith & Co." information When he really wanted information about "Smith and Co." Alternatively, an official could pull out information about Smith & Co. In Columbus in Ohio when the customer actually cht information Smith & Co. in Columbus in Georgia. The same company could further be listed several times: as "Smith & Co.", "Smith & Company" and "Smith and Company".
DUNS's assignment eliminated these problems almost completely. Cerminal digits in each company number serve as a "control number" and mathematically related to other numbers in the number, allowing Dun & Bradstreet to verify that the correct number has been used. Other processes are introduced to ensure that each registered company is assigned only one DUNS number.
Dun & Bradstreet messages can be used by banks, creditors, grant entities and even customers to determine whether to trade a company. All information applications must include a valid DUNS number. Upon receipt of such an application, Dun & Bradstreet will pass the information to the applicant. Some businesses, especially large global corporations, can refuse to do business with any company that does notSlo duns.