FINPACK Training Options

FINPACK Training - Classroom, Online, Custom, and the FINPACK Lenders Conference

There are several training options available to sharpen your FINPACK skills.  Training opportunities are varied to best meet your training needs and schedule. [Read more…]

Mid-Year Monitoring

Cash Flow Monitoring WorksheetSomehow, we are already halfway through the year.  Periodic monitoring of projections that worked earlier this year may prevent surprises or problems later.  Now is a great time to use the cash flow monitoring worksheet to review how the monthly cash flow projection you completed compares to what has actually happened.  This tool is available for both of the monthly projection versions, with or without budgets.  Generating the cash flow monitoring worksheet is done in the cash flow plan that you wish to monitor.  Using this feature allows for timely monitoring of customer progress during the year.  And, if needed, adjustments to the cash flow plan can be made based on the actual data received.   [Read more…]

Sending a File to FINPACK Tech Support

FINPACK Technical SupportThere are times when it becomes necessary to send a problem file to CFFM.  These troublesome files are then analyzed by FINPACK Tech Support, so the issue can be resolved.  FINPACK has the capability for you to send files securely to CFFM (and only CFFM). While in FINPACK, click Tools, then Send File.  This can be accomplished when are either in or out of the file you would like to send.  A window will appear that allows you to select the FINPACK file you want to send. [Read more…]

Using the UCA Cash Flow for Commercial Analysis

UCA Cash FlowAnalyzing a commercial credit can be challenging. Figuring out how a business is doing when you don’t have a good comparison or even figuring out if the core of the business is providing for the other pieces can make it difficult for you to understand how to analyze the business or structure the loan. Fortunately, FINPACK includes a report in the C & I Business Analysis tool that can be used to help you identify where the cash is being used in the business.

The Uniform Credit Analysis, or UCA Cash Flow, is designed to help you identify where the business’s cash is going and how it is being used. Is it being used to purchase additional inventory or is it being used to purchase equipment? [Read more…]

Report Preview Options

FINPACK Report Preview OptionsDid you realize there are options that can be selected when previewing output from FINPACK tools?  The drop-down arrow on the right side of the Preview Output icon allows the user to select the output options to be viewed when previewing.   Clicking the drop-down arrow brings up a dialogue box where the preview options are selected. [Read more…]

Which Commercial Analysis Tool is Right?

Which Commercial Analysis Tool is Right?When analyzing a commercial customer in FINPACK there are several tools available.  Deciding which tool best fits the analysis needed is important to get the optimal information, in order to reduce risk in the customer credit decision.  The type of business and customer information available will drive the commercial analysis tool used. [Read more…]

Spreadsheets vs. Software

Spreadsheets vs Software in Credit AnalysisAre you still using spreadsheets to complete the annual credit analysis on your customers?  Do your spreadsheets provide you the best information on a customer’s financial position?  Have your spreadsheets left you with questions related to your bank’s true risk?  If so, FINPACK Credit Analysis Solutions software is the tool you’ve been looking for! [Read more…]

FINPACK Shortcuts

FINPACK Keyboard Shortcuts and Icons ChartFINPACK has a number of useful shortcuts that can aid users with data entry and general program utility.  Use the following chart full of helpful icons and keyboard shortcuts to increase your speed and efficiency while using FINPACK. [Read more…]

How to Use the FINPACK Loan Calculator

How to use FINPACK Loan CalculatorThe FINPACK Loan Calculator is a useful tool as you enter or edit loan payment information into a Balance Sheet, Cash Flow Projection, Long Range Plan, or Financial Analysis in FINPACK.  The loan payment details from the Loan Calculator can be pasted into data entry, or it can also be used as a freestanding tool to brainstorm possible loan payment options.  When using the calculator in freestanding mode, the information cannot be pasted into FINPACK.  Here the only option is to View Payment Schedule and print or export the schedule.

There are two types of repayment options in the FINPACK Loan Calculator – amortized payments or fixed-principal payments.  The type of loan being modeled will dictate the specific calculator chosen.  [Read more…]