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We at Business
Formation Group hold regular training and
seminars at both in our east coast and west
coast locations. Designed with you in
mind, the training is geared towards business
owners who wish to retain control of the
day-to-day operations of their company instead
of outsourcing their business needs such as
building and managing your company's D&B
portfolio, processing payroll, obtaining
funding, etc.
This is a much more
cost effective method that can save you and your
company potentially thousands of dollars while
giving you the knowledgebase to learn something
new. Our training is also geared towards
individuals who are looking towards making a new
career move in these fields or are looking for
employment but lack the experience necessary.
Dun and
Bradstreet Training
Taught by a
former Dun and Bradstreet employee, this course
is geared towards training owners of businesses
or their employees with every aspect of the
Dunsright process. There are 4 modules per
training and each module may take as long as 1
day for a basic level of understanding to 1 week
for more of an advanced knowledgeable
understanding. This training can be held
at our office or at your location.
The modules are
as follows:
Business
Credit and Corporate Training Module
1.1
Introduction to
business credit
1.1.1
Origins of business
credit and DNB
1.1.2
Characteristics of
personal credit vs business credit
1.1.3
Characteristics of
business credit and credit management
(monitoring)
1.1.4
Business credit myths
and realities
1.2
Introduction to Dun
and Bradstreet
1.2.1
The six DNB credit
reports
1.2.2
The six DNB credit
scores and ratings
1.2.3
The scoring values and
parameters of the six scores and ratings
1.3
Introduction of the
DNB scoring Matrix
1.3.1
Understanding the
Paydex score and how its formed
1.3.2
Credit Score and its
rating
1.3.3
Financial Stress Score
and its rating
1.3.4
Supplier Evaluation
Score and its rating
1.3.5
Fraud Score
1.3.6
Understanding the
various key DNB Ratings
1.3.6.1
NQ / ERN rating
1.3.6.2
DS rating
1.3.6.3
- - rating
1.3.6.4
#L# / LL# rating
1.3.6.5
R rating
1.4 REVIEW
2.1
Learning how to
read and understand credit reports
2.1.1
Understanding the
concept behind mitigating factors
2.1.2
Avoiding major
mitigating factors that can affect scores and
ratings
2.2
Introduction to
types, forms and structure of corporations
2.2.1
Defining
corporations
2.2.2
Understanding
ESTABLISHED, AGED and EXISTING corps
2.2.3
Recognizing lender
compliant and DNB compliant corps vs bad corps
2.2.4
Changing a
corporation to become lender and DNB compliant
2.3
Changing a
corporation to become DNB compliant
2.3.1
Understanding
Dunsright
2.3.2
 Dunsright
application (following rules and ethical
guidelines)
2.3.3
Collaboration of
client data and privacy issues
2.3.4
Addressing data
conflict with mitigating factor matrix’s
2.3.5
Final collaboration
and conflict resolution methods
2.4
Understanding basic
self-preservation guidelines
2.4.1
Methods of data
collaboration, harvesting and collection
2.4.2
Accountability,
Responsibility and Client Obligation
2.4.3
Differences between
advise and ethical violations
2.5 REVIEW
3.1
Funding Capacities for
clients
3.1.1
Funding limitations
and maximum yield
3.1.2
Secured funding
limitations
3.1.3
Unsecured funding
limitations
3.1.4
DNB for Government
Contracts and RFP's
3.1.5 DNB RFP acquisition process
3.2
REVIEW
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