FINPACK NEWS June Digest
Save the Date for the 2023 FINPACK Lenders Conference, Customizing FINPACK Credit Analysis tools, FINPACK Lender Training and more!
How to Customize FINPACK Credit Analysis – Part 3
In our previous posts on customizing FINPACK Credit Analysis, we examined how to build a Credit Decision Scorecard model that best fits your needs, and we looked at options for customizing Loan Presentation templates. In this post, we’ll focus on customizing Collateral Analysis and Risk Ratings.
How to Customize FINPACK Credit Analysis – Part 2
In our previous post on customizing FINPACK Credit Analysis, we examined Credit Decision Scorecards and how to build a model that best fits your needs. In this post, we’ll focus on customizing Loan Presentations.
How to Customize FINPACK Credit Analysis – Part 1
Each financial institution has its own unique credit culture, so FINPACK allows for the customization of its Credit Analysis tools including Collateral Analysis, Credit Decision Scorecards, Risk Reports, and Presentations. This customization is available for both agricultural and commercial files. Over the coming weeks, we’ll take a look at these customizable tools, starting with Credit Decision Scorecards.
Save the Date for the 2023 FINPACK Lenders Conference!
The 2023 FINPACK Lenders Conference will be held December 13-14, 2023 at the Sheraton Bloomington Hotel, in Bloomington, MN. Get the latest updates in Ag and Commercial lending from our outstanding lineup of speakers, learn about the latest FINPACK features and updates, meet the FINPACK team and network with your fellow FINPACK users.
FINPACK NEWS May Digest
FINPACK FAQs, the Importance of the Debt Ceiling, Choosing the right Commercial Analysis Tool, and more!
Which Commercial Analysis Tool is Right for You?
When analyzing a commercial customer using FINPACK Credit Analysis, 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. ...
Why You Need to Pay Attention to the Debt Ceiling Debate
The FINPACK Flyover series provides digestible briefs from a 30,000 foot perspective on broader, macroeconomic issues or events, and examines the potential threats / opportunities they may pose to the clients you work with. In this edition of the FINPACK Flyover,...
FINPACK FAQs
The FINPACK team helps users with questions every day, and this week’s FINPACK News post highlights a few of the more common questions we get, and the answers we provide. If you ever have any question about anything related to FINPACK, please don’t hesitate to reach out. We’re waiting to hear from you!
FINPACK NEWS April Digest
FINBIN 2022 Numbers, Profitability vs Cashflow, the right Projection Tools, and more!
Which FINPACK Projection and Planning Tool is Right for You?
This news post highlights the projection and planning tools in FINPACK and where each tool may be most valuable
Profitability & Cash Flow: What’s the Difference and Why is it Important?
Profitability and cash flow are two important business concepts that can be confused by many small business owners. Understanding the difference is crucial since just because a business is profitable, doesn’t necessarily mean it cash flows. Also, a business can have positive cash flows and not be profitable.
Minnesota farmers’ bottom lines remain strong despite challenging year
Minnesota farms saw continued financial improvement in 2022, despite global uncertainty, inflationary pressures and lingering drought conditions across much of the state.
FINPACK March Digest
Register for FINPACK Lender Training, accessing FINPACK Online Training, free easy-to-use tools for Developing & Interpreting Financial Statements, the 2023 National School for Experienced Ag Bankers, and more. Registration is open for the next...
How to Access FINPACK Online Training
FINPACK Online Training is included in the system-wide FINPACK license for all lenders, providing comprehensive training at your pace, and featuring modules on commercial credit analysis, agricultural credit analysis, and navigating FINPACK+. What is FINPACK Online...
Register Today for FINPACK Lender Training
Registration is open now for the next in-person FINPACK Lender training on May 2nd & 3rd on the University of Minnesota, St. Paul campus. Covering all the components of FINPACK and with a focus on credit analysis of both agricultural and commercial...
Free, Easy-to-use Tools for Developing & Interpreting Financial Statements
Farmers prefer to spend most of their time in the tractor or barn, and less time developing financial statements. Because of this, many farmers and ranchers struggle when preparing financial records for their businesses. Here at the Center for Farm Financial...
FINPACK – February Digest
Registration is open for FINPACK Lender Training in May, the value of accrual-adjusted financial information, the importance of Demographics, the 2023 National School for Advanced Ag Bankers & more! Registration is open for the next in-person FINPACK Lender...
2023 National School for Experienced Ag Bankers
The FINPACK Team wants to draw your attention to an excellent educational opportunity this summer – the 2023 National School for Experienced Ag Bankers. The Center for Farm Financial Management has had a long relationship with this school, and our...
The FINPACK Flyover: Don’t Discount the Importance of Demographics
The FINPACK Flyover series provides digestible briefs from a 30,000 foot perspective on broader, macroeconomic issues or events, and examines the potential threats / opportunities they may pose to the clients you work with. In this edition of the FINPACK Flyover, we...
Why is Accrual-Adjusted Financial Information Valuable?
This post briefly explains the value in utilizing accrual-adjusted analysis when working with your clients. Oftentimes, cash is thought to be king. After all, at the end of the day, a business needs cash to meet its financial obligations. But cash generation is not a...
January FINPACK News Digest
Lender Training registration is open, key takeaways from the FINPACK Lenders Conference, new tweaks to Global Cash Flow Analysis, tools for Renewal Season, Portfolio Risk Analyst in FINPACK+ & more! May Lender Training Workshop Registration Open Now! Registration...
How to Use Portfolio Risk Analyst in FINPACK+
Each borrower, whether Ag or Commercial, has their own unique business risks, but as a lender, you also need to know how your entire loan portfolio is positioned to face the volatility of today’s business environment. For FINPACK+ users, PRA (Portfolio Risk Analyst)...
Tools to Assist in the Renewal Season
It is hard to believe the 2023 renewal season is already upon us! As you prepare for loan renewals at your lending institution, consider these FINPACK tools to help make the process smoother and more streamlined for you and your customer. Balance Sheet Tools...
New Tweaks to Global Cash Flow Analysis in FINPACK
This post covers changes made to the Global Cash Flow Analysis in the latest release of FINPACK. The latest release of FINPACK includes some tweaks to the Global Cash Flow Analysis (GCFA) which are important to understand. The GCFA calculates debt coverage to analyze...
FINPACK – December Digest
The FINPACK Lenders Conference was back in person, the 2022 FINPACK update is live, new and improved financial ratios, and holiday hours. FINPACK Lenders Conference Thank you to everyone who attended the FINPACK Lenders Conference last week. It was a pleasure to see...
New and Improved: Financial Ratios in FINPACK
This post highlights the updated financial ratios in FINPACK. The ratio updates are based on the recent updates to the Farm Financial Standards Council's Financial Guidelines for Agriculture. The 2022 release of the Farm Financial Standards Council's (FFSC) Financial...
FINPACK News – November Digest
The FINPACK Lenders Conference is around the corner, the FINPACK 2022 update is live including new monthly Commercial Cash Flow capabilities, and the FINPACK team at the ABA Ag Bankers conference in Omaha! Register Now for the FINPACK Lenders Conference...
The New Monthly Commercial Cash Flow Capability of FINPACK
What's New in the Commercial Cash Flow Tool in FINPACK? The 2022 Fall Release of FINPACK adds the capability to complete annual OR monthly cash flow projections for commercial clients. These projections can be for a few months or multiple years. This replaces the...
What’s New in the 2022 FINPACK Update?
The 2022 FINPACK update brings changes to Tax Forms, incorporates new Financial Standards Measures, introduces a new Cash Flow Projection into our commercial tools and more! Farm Financial Standards Update The FINAN Financial Analysis and FINFLO Cash Flow Projection...