Archives for January 2019

FINPACK Balance Sheet Worksheet

FINPACK Balance Sheet WorksheetGathering customer data for year-end analysis and credit renewal can be difficult.  FINPACK tries to assist with the process by providing a Balance Sheet Input Worksheet with the customer’s most recent balance sheet data for updating.  This tool is provided to the customer as a means to get current, updated balance sheet information for the current year.  This worksheet is one FINPACK tool to assist with customer renewals.

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Handling Trades on the Balance Sheet – Revisited

Trading machinery and equipment is common for all types of businesses.  FINPACK allows for streamlined data entry of capital purchases, sales, and trades within its different tools.  By entering extra detail on the FINPACK balance sheet, the details of these capital transactions can be brought into other FINPACK analysis tools, like Schedule F Cash to Accrual, Earned Net Worth Analysis, or Financial Analysis (FINAN).

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The Credit Renewal Process

The Credit Renewal Process - FINPACK‘Tis the season for credit renewals.  FINPACK has several tools to assist lenders with this process, from spreading, to financial analysis, projection preparation, and pulling the pieces of the credit analysis together.

In general, within FINPACK, the recommendation is to work down the left side file navigation to complete the credit renewal and analysis process.  Start with data sources, move to financial analysis, complete cash flow projections, and then pull everything together with the credit analysis tools.  With that being said, here is a bit more background on these tools and how they aid the credit renewal process. [Read more…]

Thank you!

Thank You, from the FINPACK TeamThe FINPACK Team would like to take a moment to thank all of you who joined us at recent events.  We had many users stop at the FINPACK booth at the ABA Ag Lender’s Conference in November.  Then in December, we appreciated all of the attendees at the FINPACK Lender’s Conference.  We sincerely enjoyed having the opportunity to interact with such a diverse group of partners at these events.  It’s always great to connect with long-time FINPACK users, to those who are just beginning to investigate FINPACK as a tool for future use, and everyone in between.  Our team is excited about the future developments of FINPACK, as was showcased at the Lender’s Conference.  Stay tuned for more information on these exciting additions to FINPACK!

Upcoming Events

Our team will also be at upcoming national lending conferences.  Find us in San Diego at the ABA Conference for Community Bankers in February.  In March, we will be in Nashville at the ICBA Live National Convention.  Stop by get your questions answered and learn more about FINPACK at both events.