FINPACK allows users to import data from a different FINPACK data file into their current file. This feature allows the receiving file to add or import new data, without overwriting the remaining contents of the file.
An example of when to use this feature is a lender wanting to import a Detailed Balance Sheet already completed by an educator or customer in FINPACK Lite. By importing the data, the lender’s file maintains intact with the historical reports like Presentations, Collateral Analysis, Risk Reports, etc. The lender is also able to then modify the balance sheet (in this example) as deemed appropriate.
File + Import is used in the open FINPACK file to bring the desired FINPACK data in from another source. More detailed information regarding importing data into FINPACK can be found online in the FINPACK Knowledge Base.
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.