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.

FINPACK Annual Update – What’s New?

The annual FINPACK update was released in November and there are several new features to be aware of as you use FINPACK for the upcoming renewal season.

Each year the FINPACK Team takes suggestions and requests from our users to enhance the software. Therefore, feel free to pass along constructive feedback! This year’s update includes:

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ABA National Agricultural Bankers Conference

Make plans to join the FINPACK Team in Omaha at the 2018 ABA National Agricultural Bankers Conference Nov. 11-14.  FINPACK and Farmer Mac kick off the conference as hosts of the Pre-Conference Seminar on Sunday afternoon titled, “Sinkholes, Landslides, and Volcanoes:  How Can Your Customers Survive an Evolving Landscape?”.  This year’s session will focus on identifying where your customers are with continued tight margins and the impact on community banks. There will be a discussion of best practices and take-homes for managing the risk in this evolving landscape. Dr. David Kohl will be back with his view from the road.

Also, join the FINPACK Team as we host the Grand Opening Reception on Sunday evening.  Lastly, stop and visit with our team throughout the conference at our booth in the Exhibit Hall.  We love to connect with current and potential customers.  While at our booth, get a preview of this year’s FINPACK updates or ask those “how do I” questions.

We look forward to seeing you soon in Omaha!

Take Note

At times it is necessary and desirable to add notes in a FINPACK file.  Notes are a log of important items related to the specific FINPACK tool they are attached to.  Notes are often used to provide additional information related to the customer and the specific FINPACK tool.  Notes can give additional detail and further outline methodology used for FINPACK users.  For example, a Note can be added on a balance sheet to further describe the details of contracted grain.  Or a Note can be added to a cash flow projection to outline the procedure used and thought process behind a loan restructure proposal. [Read more…]

Need a Reminder?

FINPACK allows users to set a reminder related to a specific file.  A Reminder in FINPACK consists of a note related to the FINPACK file, as well as a due date for the action.  Reminders assist FINPACK users with completing tasks in a FINPACK file and can help track the progress of a customer file.  Reminders are accessed through the Reminder icon on the toolbar or going to File + Reminders.

Reminders

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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…]

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…]