(800) 234-1111

FINPACK News

Where did my cash flows go?

by | Jan 8, 2020

“Where did my cash flows go?”

This is the panic call FINPACK Tech Support has currently been receiving. As the credit renewal season begins, many users are quickly becoming aware Legacy Projections have been removed from the main file navigation dialog with the 2019 FINPACK annual update. Don’t fret, legacy projections are still available for viewing and use in customer FINPACK files.

Using legacy projections for new cash flows

You can create a new cash flow projection by copying forward a legacy projection in a customer’s FINPACK file. To do so use the “Create FINFLO with a copy” option in the Cash Flow Projection tool. When using this feature the drop-down box will list all cash flow projections available in the customer file. As seen in the graphic below, Legacy Plans automatically populate and are designated with “Legacy” as part of their title. FINPACK will automatically determine the type of plan (annual, monthly, or monthly with budgets) based on the plan you are copying. You will not be able to copy a plan and change the projection type.

Creating a new cash flow projection from a copy.

Viewing legacy projections

Legacy projections can be accessed for viewing as well. To do so, go to Tools + Options, then File Settings + Legacy Projections. Once navigated to this location, all legacy annual plans and legacy month projections can be viewed. This is accomplished by selecting the desired legacy projection and then using the “View Output” button. No changes can be made to the projection, but the original version can be viewed and printed.

Viewing legacy projections.

The “new” projection tool

At this point, FINPACK users are becoming fast acquainted with the FINPACK cash flow projection (FINFLO) tool. Still, there may be questions. The FINPACK Team has several resources available to assist with using the cash flow projection tool. These include:

Summary

The legacy projection tools are no longer available in FINPACK, but customer cash flow projections created using this tool are still available. The “new” cash flow projection tool has been available for several years. This 3-in-1 projection tool has many new features. Many of the enhancements have come at the request of lenders and have received positive feedback.

Latest News
2022 FINPACK Lenders Conference

2022 FINPACK Lenders Conference

The 2022 FINPACK Lenders Conference will be held in-person in 2022. Conference Information Date: December 13-14, 2022Location: Radisson Blu Mall of America - Bloomington, MN Dr. David Kohl returns to the FINPACK Lenders Conference + a full lineup of speakers. We will...

FINPACK Digest – June 2022

FINPACK Digest – June 2022

Credit scorecards, the FINPACK advanced training survey, register now for Lender training, and The FINPACK digest is published every month and links to all the FINPACK News post published in the previous four weeks. Want notifications on FINPACK news posts sooner?...

Training & Events Update

Training & Events Update

October training for Lenders, Training for Educators and Professionals, and save the date for the 2022 FINPACK Lender's Conference FINPACK Training for Lenders in October Registration is open for the next FINPACK Lender training on October 11th and 12th on the...

How to Design and Use Credit Decision Scorecards

How to Design and Use Credit Decision Scorecards

Using Credit Decision Scorecards in your credit decisioning represents a convenient way to 'filter' loan applications. By applying some basic criteria, you can quickly decide if a credit request is straightforward and can be approved or denied as is, or if it needs...