Credit monitoring

Business credit refers to the creditworthiness and financial reputation of a company (rather than an individual). It reflects how reliably a business pays its debts, obligations, and vendor invoices.

A business credit report compiles data such as:

• Payment history to vendors, suppliers, and lenders
• Public records (e.g. liens, judgments, bankruptcies)
• Business attributes (industry, age, size) and financial statements when available
• Scores or ratings (e.g. D&B’s PAYDEX and rating models) that quantify risk

These reports and scores are used by lenders, suppliers, insurers, and other stakeholders when deciding whether to extend credit, set terms, or engage in business with a company.

Establishing and maintaining good business credit matters for several key reasons:

Access to financing & credit

A solid credit profile increases the chances that lenders, banks, or investors will approve loans or lines of credit for your business.

Better terms & rates

Strong credit may allow you to negotiate lower interest rates, longer payment terms, or more favorable conditions.

Separation from personal credit risk

When your business has its own credit profile, lenders may rely less on your personal credit for decision-making—reducing the risk to your personal finances.

Stronger vendor/supplier relationships

Suppliers may be more willing to extend trade credit (i.e. net payment terms) if your business demonstrates reliability via credit history.

Credibility & reputation

A strong credit profile signals stability and trustworthiness to partners, customers, and potential investors.

Reduced reliance on personal guarantees

Over time, good business credit can reduce or eliminate the need for personal guarantees when seeking credit or loans.

Additionally, without established business credit, new businesses may be forced to rely heavily on personal credit or face difficulty securing essential capital or credit lines.

A DUNS Number (Data Universal Numbering System) is a unique nine-digit identifier issued by Dun & Bradstreet to verify and track a business’s financial and operational identity worldwide.

A DUNS number is important because:

It’s often required when applying for business credit, government contracts, or large vendor partnerships.

It helps establish your business credit file with D&B, which is essential for generating your business credit scores.

It ensures your business information is accurately represented and can be verified by banks, suppliers, and customers.

Without a DUNS Number, it’s difficult to build or monitor your business credit profile with D&B.

For additional information, watch this video.

Once you enable a connection and approve data sharing between Vyde and Dun and Bradstreet, Vyde will automatically report:

1. Your annual financial statements following the successful filing of your tax return
2. Accounts receivable and accounts payable information you provide in your Vyde dashboard once it has been uploaded and confirmed

This data can help build your business credit profile.

When you connect your Vyde account to Dun & Bradstreet, we automatically report key financial data that helps shape your business credit profile—including:

• Financial statements (after tax filing)
• Accounts receivable & payable data

This information impacts your D&B scores and ratings, helping you strengthen your creditworthiness and financial reputation.

Your financial statements are an important part of your business credit profile. The following D&B scores are impacted by your financial statements:

D&B Failure Score: Predicts the likelihood of business failure (e.g., bankruptcy, ceasing operations without paying creditors). Financial statement data such as net worth, return on assets, and liabilities-to-net-worth ratio are key factors.

D&B Delinquency Score: Assesses the likelihood of severe delinquency or default. Financials help inform this score.

D&B Rating: Consists of two parts–financial strength (based on financials or employee size) and risk indicator. Supplying up-to-date financial statements can improve the financial strength component.

D&B SER (Supplier Evaluation Risk) Rating: Factors like the age and existence of balance sheets, net worth, and financial ratios are considered.

D&B Viability Rating: Uses financial statement data such as net worth, return on assets, and liabilities-to-net-worth ratio to assess risk.

Accounts Payable data is important for determining a business’s Paydex score, which is an indicator of creditworthiness.

Paydex Score: Calculated based on a business’s payment history. AP data, including payment timeliness, consistency, dollar-weighted transactions, and number of trade experiences, are important factors in calculating a Paydex Score.