What Is a Knowledge Common Numbering System (DUNS) Quantity?
A knowledge common numbering system or DUNS quantity is a singular, nine-digit collection of numerals that identifies a enterprise. Dun & Bradstreet (D&B) creates the quantity, which generates a enterprise profile in its database and offers an organization’s identify, telephone quantity, handle, variety of employees and line of enterprise, together with different related company info.
The DUNS quantity is essentially the most broadly used technique for figuring out corporations in america. Dun & Bradstreet maintains up-to-date info on a whole bunch of hundreds of thousands world companies.
- A knowledge common numbering system (DUNS) quantity is a singular, nine-digit numerical identifier that’s assigned to a single enterprise entity.
- Dun & Bradstreet created DUNS in 1963 to establish companies as a part of its enterprise credit score reporting system.
- DUNS numbers are free for U.S. corporations.
- Whereas getting a DUNS quantity is voluntary, having one is necessary to use for presidency contracts and sometimes to conduct enterprise overseas.
How a DUNS Quantity Works
Dun & Bradstreet created its information common numbering system (DUNS) in 1963 to establish companies as a part of its enterprise credit reporting system. In 1994, DUNS turned the usual enterprise identifier for federal authorities electronic commerce.
Listed corporations embrace main companies, small enterprise homeowners, nonprofit organizations, and partnerships. Its customers embrace the U.S. authorities, the United Nations and main retailers equivalent to Goal (TGT).
The DUNS quantity offers info associated to an organization equivalent to its official enterprise title, identify, monetary information, commerce identify, fee historical past, financial standing, and govt names. Additional, the quantity permits an organization to seek for details about different corporations and helps companies discover potential clients, companions, or distributors. The federal authorities requires all present and potential contract distributors, grant recipients and cooperative settlement candidates to have a DUNS quantity.
Registering for a DUNS quantity is voluntary. Nevertheless, the identifier is important to bid on native, state, or authorities contracts and apply for federal grants or different credit score with a lender. It additionally permits for the affirmation of the credibility of a enterprise and helps with conducting enterprise with retailers and a few international international locations.
Making use of for a DUNS Quantity
Making use of for a DUNS quantity is completed by the DUNS website. Companies based mostly within the U.S. might request a DUNS quantity without spending a dime. A certified consultant of the corporate should full the appliance, and receiving a DUNS quantity might take as much as 30 days.
Nevertheless, the quantity could be obtained inside 24 hours for free of charge if making use of as a part of a federal authorities contract. The approved consultant of the corporate might want to present a authorized firm identify, headquarters firm identify and handle, bodily handle, mailing handle, phone quantity, contact identify and title, and the variety of staff on the bodily location.
A DUNS quantity is restricted to a bodily location. Due to this fact, an organization would want a separate DUNS for every of its bodily areas equivalent to a department, division or headquarters. It’s the group’s duty to handle its DUNS numbers and confirm that info is correct.
The DUNS Number Lookup software is used to test whether or not a enterprise has a DUNS quantity. The D&B database permits for accessing the corporate’s D&B enterprise credit score rating, evaluate and replace an present D&B credit score report, view and print a replica of its D&B credit score report, evaluate and dispute fee historical past, and replace monetary info.
The DUNS quantity is used to establish a enterprise registered with Dun & Bradstreet. The itemizing of corporations with one other credit score bureau, equivalent to Experian, won’t be discovered on the D&B database because the credit score bureaus every preserve distinctive databases and don’t share information with each other.