The annual FINPACK Credit Analysis update was released recently. There are several new features lenders should be aware of in FINPACK for the upcoming renewal season.
Each year the FINPACK Team takes suggestions and request from our users to enhance the software. Therefore, feel free to pass along constructive feedback! This year’s update includes:
General
- Updated Financial Analysis (FINAN) / Sch. F Cash to Accrual Analysis scorecard graphs with 2019 FINBIN data.
- Finalized integration needs for use with FINPACK+.
C & I Business Analysis
- Updated RMA Annual Statement Studies data for 2020-21.
Earned Net Worth Analysis
- Just one page of output will be printed, using the most recent years, for the first page of the report if no specific years are selected.
Cash Flow Projection (FINFLO)
- Monthly entry of livestock prices was changed, so prices do not auto-fill for remaining months.
FSA Forms
- Updated FSA form 2211 to the September 2020 version. FSA Form 2212 is no longer used.
Long Range Planning (FINLRB)
- Fixed calculation issue where all subtotals on output were sometimes reset to zero when previewing the output multiple times.
Presentations
- Added Earned Net Worth Analysis as a data source and optional attachment for commercial files.
As always, feel free to contact FINPACK Tech Support with questions, including those regarding the annual FINPACK update. Also, if you are attending the upcoming FINPACK Lender’s Conference you will learn more about these updates and exciting future FINPACK developments.
Pauline Van Nurden joined the FINPACK Team as an Economist in 2017.
Prior to joining the FINPACK Team, she worked as a lender. This provides her valuable industry experience and knowledge in her work with FINAPCK. Pauline holds a Master’s Degree in Agricultural Education and Bachelor’s Degree in Applied Economics, both from the University of Minnesota.
