Credit Research Foundation

Thank you to CRF Friend of the Foundation, Kelley Drye & Warren LLP, for providing us with an important update on the Corporate Transparency Act. On December 3, 2024, a federal district court in the Eastern District of Texas issued a nationwide injunction temporarily blocking the implementation of the Corporate Transparency Act (CTA), citing constitutional concerns. The CTA mandates reporting companies, including corporations and LLCs, to disclose beneficial ownership information (BOI) to FinCEN. Noncompliance can result in fines of up to $500 per day, criminal penalties of up to $10,000, and imprisonment. The injunction pauses these requirements, affecting deadlines for pre-2024 and post-2024 entities to file BOI reports and update changes in ownership. The Kelly Drye team will continue to monitor this situation and provide us with updates as this is heard through the court.

Join CRF and BlackLine on 12/17 for a webinar that will show you how to transform your Invoice-to-Cash processes. Whether you’re considering automation for the first time or looking to optimize an existing system, this webinar will offer practical insights and guidelines. Register today >>https://lnkd.in/ei9Vkuhr

The Q4 edition of Perspective by CRF is now available! CRF Members will find the full edition in their inbox. Thank you to those that contributed content for this edition - lots of great information! https://lnkd.in/dg3mFPK

In 2025, new trends in order-to-cash (O2C) will bring both challenges and opportunities for credit and AR teams. In our next webinar, Bectran, Inc.’s Sean McCaffrey and David Reinauer will reveal actionable strategies for staying competitive, from streamlining processes to implementing top efficiency and fraud prevention tools. Reserve your spot now* >>https://lnkd.in/gyqJNvZW *CRF Members can register for free by entering the appropriate discount code at checkout.

Our first Forum of 2025 will take place in San Diego in March! Join us for an opportunity to connect with industry experts and participate in interactive discussions on the leading topics in the order-to-cash discipline. And make time to explore the waterfront, parks and beaches in San Diego! It's never too early to start planning! Learn more and register today >>https://lnkd.in/eWwJTQ4

We are thankful for our community - our members, our Platinum Partners and Friends of the Foundation. And we are thankful for each other - our tiny but mighty team of 4! 💪 From all of us at CRF - we hope you have a Happy Thanksgiving!

With bankruptcy rates reaching their highest levels since 2010 and Days Sales Outstanding (DSO) increasing by nearly two days vs. the past year, now is a critical time to evaluate your organization’s resilience to credit risk. Ensuring your accounts receivable processes are optimized and protected is essential for maintaining liquidity and financial stability in today’s volatile business landscape. Take proactive steps to safeguard your business by leveraging CRF’s cutting-edge educational resources to train and enhance your staff's knowledge on key strategies. Gain insights into industry best practices, risk management strategies, and tools that can help you significantly reduce high risk. Visit our website and consider the following on-demand courses: https://lnkd.in/gG97bVY ◽ Essentials in Bankruptcy ◽ Advanced Concepts in Bankruptcy ◽ Credit Policy Management – Optimizing Profitability ◽ Managing AR Risk Mitigation Take advantage of CRF’s resources today to position your business for success in the evolving financial environment. And remember - CRF Members receive a discount on all education offerings!

With increasing frequency, credit professionals are being tasked with identifying and evaluating the risks posed not only by customers’ financial standing and performance, but that of suppliers as well. Thankfully, the analytical tools of the credit discipline translate directly into customer and supplier evaluation. Join us on December 4 for a webinar with our friends at Lowenstein Sandler LLP to discuss in detail the early warning signs that a customer or supplier is approaching (or in) financial difficulty and the sources of information to help identify and assess those warning signs. https://lnkd.in/dByBuhHw

The Q3 2024 DSO Benchmarking Report was released today - all participants should have a free copy of the final report in your inbox. A summary of the results are below. If you're interested in receiving these quarterly reports in the future, be sure to participate in the quarterly surveys by submitting your organization's data. Data is reported by SIC code ONLY - no specific organizational data is shared in the final report. Learn more >>https://lnkd.in/gKHRrPiT