Acquisition Expands Dun & Bradstreet’s Portfolio of Finance Solutions, Helping Clients Automate Credit-to-Cash Processes and Drive Improved Organizational Efficiencies
Short Hills, NJ, March 12, 2020: Dun & Bradstreet, a leading global provider of business decisioning data and analytics, today announced that it purchased the assets of coAction.com LLC, a provider of revenue cycle management software. The acquisition positions Dun & Bradstreet to provide a complete credit-to-cash solution and underscores its efforts to identify new areas in which its category-defining commercial credit data and analytics provide greater value to clients seeking to streamline and automate 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,” said Andrew Hausman, President of Finance & Risk Solutions at Dun & Bradstreet. “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.”
With the immediate integration of coAction.com applications into Dun & Bradstreet, clients will benefit from a growing portfolio of data and insights-driven finance solutions to:
- Make confident credit decisions by evaluating new applicants, managing and automating the credit review processes and conducting advanced portfolio and account analysis.
- Automate the collections process by combining Dun & Bradstreet’s data, analytics and insights with an advanced business rules engine to provide risk-based strategies, portfolio segmentation, and digital invoicing.
- Automate cash applications with a collaborative tool for payment matching, remittance resolution, payment application, and reporting while eliminating redundant communication, emails, and spreadsheets.
- Enable timely payments, view balances and account statements, and raise issues.
“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,” said Jagdish Talreja, Chief Executive Officer of coAction.com. “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.”
Clients will be able to purchase the complete receivables management platform, or each solution separately. Learn more about how Dun & Bradstreet data, insights, and solutions can deliver greater value to finance departments, and book a demo today.
The transaction closed on March 11, 2020. Financial terms were not disclosed.