A D-U-N-S Number (Data Universal Numbering System Number) is a unique, nine-digit identifier assigned to businesses and organizations by Dun & Bradstreet (D&B). It is used globally to identify and track the activities of individual businesses in a standardized way.
Key Features of a D-U-N-S Number:
- Unique Identifier: It is unique to each business entity and is not reused or reassigned.
- Global Recognition: Accepted and recognized in over 200 countries and territories.
- Business Information: Tied to a detailed business profile maintained by Dun & Bradstreet, which includes company size, industry classification, financial performance, and creditworthiness.
Uses of the D-U-N-S Number:
- Creditworthiness and Financial Tracking: Often used by lenders and creditors to assess a company's credit risk.
- Government Contracts: Required for businesses to bid on federal government contracts in countries like the U.S.
- Global Business Relations: Used by multinational corporations to verify business partners or suppliers.
- Compliance and Verification: Helps ensure compliance with international regulations for trade and commerce.
How to Obtain a D-U-N-S Number:
Businesses can request a D-U-N-S Number from Dun & Bradstreet either for free or for a fee, depending on their needs. The process typically involves providing basic information about the company, such as its legal name, address, and type of business.
The D-U-N-S Number serves as a critical tool for enhancing business transparency, enabling collaboration, and ensuring secure and reliable global business operations.