Recurring Tasks in FINPACK+, FAQs from the FINPACK Support Team, using the Cash Drivers report in Commercial files, and more!
Recurring tasks in FINPACK+ allow you to ‘set and forget’ important tasks which need to occur on a regular basis, whether that’s during the life of a loan or for the entirety of your relationship with a borrower. From collecting balance sheets to reviewing collateral, you can be assured you won’t miss a task.
Changing the name of a file, sending a file, combining tax-forms into one cash-flow, and more in this month’s FAQs from the FINPACK Support Team!
How much is a good business manager worth? As you analyze commercial business credits you likely wrestle with this question often. But how is this measured? The cash drivers report in FINPACK’s commercial analysis tackles this question.
Applying information such as historical production and yield data, current marketing trends, and future weather patterns from Agricultural Market Outlooks to your customers’ farm businesses can be challenging. It can also be overwhelming to decide which sources deserve your attention.
FINPACK offers a wealth of tools and functionality, and it can be hard to know where to start. Our step-by-step guide offers a broad overview of the tools and the best way to approach credit analysis in FINPACK.
In Case You Missed it…
Minnesota farmers faced another challenging year in 2024, with net farm income continuing to decline. Falling crop prices coupled with below-trendline crop yields resulted in low incomes, especially for crop producers. As a result, many crop producers are bracing for an economic storm as they plan for the 2025 crop year.
FINPACK+ has two types of financial analysis tools to analyze credits: agriculture and commercial. This article explains the analysis capabilities for both types of credits, and discusses under which circumstances to use agriculture or commercial credit analysis.
CFFM has an entire suite of educational resources to assist farmers in improving their business management and marketing abilities including AgPlan, a free online business planning software, FairRent, helping farmers evaluate land rental decisions, and My Market Profit, a new tool that helps producers identify the costs, returns, and profits for each market in five easy steps.
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If you have any questions about any aspect of FINPACK, please don’t hesitate to contact us, and don’t forget to follow FINPACK on Facebook, X, and Instagram, or connect with us on LinkedIn, and be sure to subscribe to FINPACK News email updates.
David Maguire helps Ag and Commercial lenders across the country understand the value of using FINPACK for credit analysis and loan management. David has worked in the marketing, training and education fields in Minnesota, Ireland and Germany.