Dun & Bradstreet announced it has purchased the assets of coAction.com LLC, a provider of revenue cycle management software.
The acquisition positions Dun & Bradstreet to provide a complete credit-to-cash solution and as it seeks to provide greater value to clients seeking to streamline and automate financial transaction processes, the company stated.
“Our commitment to innovation is a constant at Dun & Bradstreet and embodies our desire to bring our clients comprehensive end-to-end solutions to solve their most pressing needs,” said Andrew Hausman, president of finance and risk solutions at Dun & Bradstreet.
“Deep credit experience is in our DNA. It is what has set us apart for nearly two centuries and puts us at the forefront of our industry,” Hausman said. “Purchasing these assets is symbolic of this effort and will bring to market a single receivables management solution that integrates credit, collections, payments and cash applications so finance departments can be more productive.”
The acquisition gives Dun & Bradstreet access to a portfolio of data and insights-driven finance solutions to help customers make confident credit decisions, automate the collections process, and automate cash applications.