Dun & Bradstreet has announced that it has completed the purchase of Coaction.com an end to end receivables management platform The acquisition expands Dun & Bradstreet’s portfolio of finance solutions, helping clients automate credit-to-cash processes.
The company says the move means Dun & Bradstreet, clients will now 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.
Jagdish Talreja, Chief Executive Officer of coaction.com said “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 modernise their financial operations.“
“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.”
The transaction closed on March 11th, 2020. Financial terms were not disclosed.