Building Global Business Opportunities from the Ground Up with a D-U-N-S Number

What if we say you can top the global growth for your business in the UAE in just $315?

Well, Wizer Pro is making it possible! All giant data providers, organizations, and verification companies such as D&B (Duns and Bradstreet), Virtuzone, and more have collaborated with us.

This is one of the opportunities for you to make sure business stands out without going helter skelter, just tap into Wizer.

As we know, building credibility and visibility whether in online or offline space is everything ….we mean everything for businesses of all sizes.

A Data Universal Numbering System (D-U-N-S) number, under D&B, serves as a unique identifier that can immensely contribute to a company’s reputation, open doors to new opportunities, and promote trust among key partners and customers.

Under this blog guide, we’ll take you into the world of DUNS numbers, explore their benefits in the land of UAE, discuss their relevance for different types of businesses, and highlight Wizer Pro’s official instalment of the DUNS verification process to take your business to another level.

What is a DUNS Number?

A DUNS number is a nine-digit numerical code assigned by Dun & Bradstreet (D&B), a leading global provider of business information and insights. This unique identifier acts as a digital fingerprint for businesses, enabling them to establish a distinct presence in the global marketplace. A universal business passport that facilitates identification, verification, and creditworthiness assessment.

What are the Top Benefits of Getting a DUNS Number?

Getting a DUNS number opens a multitude of options for businesses, particularly those aiming to expand their reach beyond the generic. Let’s explore some of the top common benefits.

1.Credibility to the Point through Credit Ratings

A DUNS number empowers businesses to build a comprehensive credit profile with D&B. This credit profile serves as a testament to the company’s financial stability and reliability, instilling confidence in potential partners, lenders, and investors. With a solid credit rating, businesses can access favourable financing terms, secure lucrative contracts, and attract top-tier talent.

2.Access Better Visibility and Global Reach

A DUNS number makes a business more discoverable in the global marketplace. It enables the company’s profile to be included in D&B’s extensive database, which is accessed by millions of businesses and organisations worldwide. This heightened visibility can lead to new business opportunities, partnerships, and collaborations across borders.

3.More Opportunities with Government and Large Corporations

Many government agencies and large corporations require suppliers and contractors to have a DUNS number. This is particularly prevalent in industries such as defence, healthcare, and technology.

4.Streamlined Business Processes

A DUNS number can streamline various business processes, such as credit applications, vendor onboarding, and compliance checks. By providing a standardised identifier, it simplifies the verification and due diligence procedures for potential partners and customers.

What is a DUNS Number For?

While a DUNS number can benefit businesses of all sizes and industries, it is particularly valuable for the following:

• Small and Medium-sized Enterprises (SMEs): SMEs often face challenges in forming trust and gaining visibility in a competitive marketplace. A DUNS number can level the playing field, enabling them to compete with larger players and access new opportunities.

• Exporters and Importers: Businesses engaged in international trade can leverage a DUNS number to build trust with overseas partners, facilitate customs clearance, and comply with regulatory requirements in different countries.

• Businesses Seeking Government Contracts: As mentioned earlier, a DUNS number is often a prerequisite for bidding on government contracts and tenders. It demonstrates a company’s commitment to transparency and accountability, making it a more attractive partner for government agencies.

• Startups and New Businesses: Digging an identity for startups and new businesses is hard. A DUNS number can help those build credibility without putting much soul and effort into traditional marketing, attract investors, and gain funding opportunities.

Wizer Pro’s Collaboration For DUNS Verification:

A Game Changer

The official teamwork between Wizer Pro and D&B is set to make the DUNS verification process more smoother and convenient.

Wizer Pro is democratising access to this important tool, making it both easier and more affordable at just $315 (including tax) for companies/businesses, especially SMEs in the UAE. This groundbreaking collaboration tackles a major hurdle for businesses seeking a DUNS number.

While in the past, getting D-U-N-S verification could be a lengthy and convoluted process, requiring a mountain of paperwork and manual reviews. Wizer Pro’s simplified method, along with reduced fees, streamlines the process and eases the financial strain on businesses.

How Users Can Avail the Discount on Wizer Pro?

Getting your DUNS number via Wizer Pro will be a breeze. HOW? Follow these simple steps.

1.Get the Wizer Pro App: Grab the Wizer Pro app from the App Store or Google Play Store.

2.Sign Up or Log In: After installing, either create a new account or log in to your existing one.

3.Find the DUNS Verification Section: Look for the DUNS verification section in the app. It has all the details about the process and the discounted rates thanks to the D&B partnership.

4.Start the Verification: Kick off the verification by entering the required business info and documents. Wizer Pro’s easy-to-use interface will guide you through it.

5.Pay and Wait: Once everything’s submitted, make the payment at the discounted rate. Wizer Pro will handle the rest and let you know when your DUNS number is ready.

Scope of DUNS in the UAE

The significance of DUNS numbers in the UAE is widespread and expanding rapidly due to several key factors as follows.

Government Back Up
The UAE government is actively encouraging the use of DUNS numbers, understanding their importance in promoting transparency, trust, and efficiency in business dealings. Many government departments and tenders mandate that suppliers and contractors possess a DUNS number, providing a strong motivation for businesses to get one.

Thriving SME Sector
The UAE has a diverse factory of SME that’s a gold mine to the country’s present economic status. SMEs often face difficulties in branding themselves, which as a result makes the founders deprived of funding and broader opportunities. With a DUNS number, any startup or business can make sense automatically in a level playing field to be on a head-to-head with big sized businesses and tap into multiple markets in one go, both within the UAE and globally.

Global Trade and Investment
As a major epicentre for international trade and investment, the UAE manages to attract the most companies and investors from all over the world. The DUNS number acts as a universally recognized, standard business stamp of honour, easing transactions and partnerships that cross borders at fingertips. This increases confidence and trust, making businesses located in the UAE more attractive to potential partners and investors.

Rising Digital Transformation
The United Arab Emirates has been making strides in digital transformation, with initiatives like the Dubai Smart City project pushing the boundaries of innovation and efficiency in every sector. In 2022, the UAE demonstrated its commitment by approving a Federal General Budget for 2023-2026, with an estimated expenditure of AED 252.3 billion, reflecting its ambitious plans in this area.

In this digital-first world, a DUNS number lets businesses of any size curate a verified digital identity and participate in the bustling crowd of online marketplaces, e-commerce platforms, and complex supply chain networks.

Financial Services
In this context, the DUNS number, accompanied by its associated credit profile, functions as a valuable tool for businesses. It streamlines the process of credit evaluations, loan approvals, and other financial transactions, thereby facilitating easier access to capital for businesses seeking to go beyond their operations.

Some Specific Applications

• • Government Tenders and Contracts: A DUNS number is often a mandatory factor for businesses counting on government tenders and contracts, such as construction, infrastructure, healthcare, and technology sectors in particular.
  • Corporate Partnerships: Large organisations and MNCs often prefer to work with suppliers and vendors who have a DUNS number. It provides assurance of their legitimacy and financial stability, streamlining the onboarding process and mitigating risks.
  • International Trade: Businesses engaged in import and export activities can benefit from a DUNS number by demonstrating their credibility to overseas partners, facilitating customs clearance, and complying with international trade regulations.
  • Access to Finance: Banks and financial institutions often consider a DUNS number and the associated credit profile when evaluating loan applications and determining creditworthiness. A good credit rating can lead to favourable financing terms and easier access to capital.
  • E-commerce and Online Marketplaces: Many e-commerce platforms and online marketplaces require sellers to have a DUNS number to ensure transparency and protect buyers from fraudulent activities.

What Does the Future Outlook Look Like?
The scope of DUNS numbers in the UAE is expected to continue growing, adapting new business scopes, and more…

With UAE government support, flexible approach, adaptability among SMEs, and the growing importance of international trade and investment, the DUNS number is poised to become an even more integral part of the UAE business’s future.

Real Data and Insights

The impact of DUNS numbers on businesses across the globe is undeniable. Let’s look at some statistics.

1.Global Adoption: Over 300 million businesses worldwide have a DUNS number, highlighting its widespread recognition and acceptance.

2.SME Landscape in the UAE: The UAE is a SME sector, with over 350,000 SMEs contributing significantly to the country’s economy. While the exact percentage of DUNS-verified SMEs in the UAE is not readily available, industry estimates suggest that it is steadily increasing, driven by the growing awareness of the benefits of a DUNS number and initiatives like Wizer Pro’s collaboration with D&B.

3.Success Stories: Numerous businesses have reported significant growth and success after getting a DUNS number.

For example, a UAE-based SME secured a major government contract after becoming DUNS-verified, leading to a 30% increase in revenue within a year. Another SME successfully expanded its operations to international markets, thanks to the credibility and visibility achieved by its DUNS number.

A DUNS number is not just a nine-digit code; it’s a badge of credibility, reliability, and global reach.

Make your business clickbait-ish than way before with a DUNS number. More visibility on the website eventually means more newer customer ins. In the era of having trust issues just like while saying ‘yes’ to your forever partner, a business needs to be solid about its product and impact it wants to create on different social media forums.

And nothing greater works as charming as getting a DUNS number. Surely, you can google it to know more how effective it is. If you’re a business owner, it’s time to rise up and get things done from scratch on Wizer Pro with a bunch of talents and of course, this collaboration for DUNS number made only for your business in the UAE.

We believe in the best of your business.

Don’t miss out on this chance.

Download the Wizer Pro app today, get DUNS verified at just $315 and restart your journey towards global success!

Disclaimer: The blog post is for general informational purposes only and should not be construed as financial or legal advice.