Software Built for Credit Unions from the Very Beginning
FISCAL makes financial spreading and tickler tracking easy, whether your Member Business Lending program is well-established or just getting started.
Standardized Spreading Consistent Reporting Exceptions Management
Standardized Spreading
Eliminate Errors & Save Time
Spreading financials in Excel requires complex, time-consuming data entry. Since financials come from members in a variety of formats – internal financials, business tax returns of various types, personal tax returns – credit analysts have to spend hours reformatting, mapping, and consolidating accounts into your credit union’s standardized Excel template.
Additionally, every formula must be checked after every change or addition to the Excel template. Even minor changes like copy/pasting rows, inserting new rows, or deleting rows, requires a thorough manual review of all totals and calculations – another significant investment of time.
Even with painstaking review, mistakes slip through, introducing errors into your spreads and reporting. Studies have consistently found that 9 out of 10 spreadsheets contain formula errors. When used for spreading financials, these errors are compounded over time as new deals are spread in Excel templates that are often copies of copies.
FISCAL eliminates errors and the need for extensive reformatting with locked formulas and clean, flexible templates for tax forms, general business, and personal financials. Our templates maintain the look and feel of the Excel worksheets you’re used to working in without the risks.
Our Tax Form import automates data entry, while still allowing you to make changes if needed.
Consistent Reporting
Consistent and Clear Credit Packages
Standardized inputs and outputs save time, money, and a lot of frustration for your team and Loan Committee. The clarity and consistency of FISCAL’s spreads carries directly into clearly formatted reports, so everyone on your team can see exactly what they’re looking for and know exactly where it came from. Straightforward settings make it easy to save report options for your whole team, with the flexibility to make changes for specific deals as needed.
FISCAL’s Standard Credit Memo templates provide a logical, intuitive approach to structuring the “story” of the credit request in a Word document output, balancing smart automation with flexibility and end-user control. Our team can also work with you to create custom templates based on your current Credit Memo. Both standard and custom Credit Memos are automatically populated with financial information and data imported into FISCAL directly from your core system. So the Loan Committee sees the same thing every time, while you save hours of time spent piecing together credit packages.
Consistent and clear credit packages, created with just a few clicks, are a win for the whole team.
Exceptions Management
Tickler Tracking, Reports, and Letters
FISCAL TRACKING automates and streamlines tickler tracking, exception reporting, and letter generation. Built-in, customizable checklists give everyone real-time visibility into document collection and covenant compliance. Exceptions reports can be organized by Customer, Category, or Officer and sorted by urgency and exposure. Borrower letters can be produced in minutes, not days.
Your team can easily create Auto Reports to remind loan officers of what they need to collect and to keep management informed, especially for your largest relationships. With FISCAL, you can easily show examiners and auditors that you know exactly what you have and what you need, and that you are communicating regularly with your borrowers to collect outstanding items.
FISCAL makes it easy to stay ahead of exceptions.
Schedule a Demo
FISCAL has served credit unions for decades. See how FISCAL can work for your team with a personalized demo today.
Why Use FISCAL at Your Credit Union
FISCAL has worked with Credit Unions for decades – even before the passage of H.R. 1151
Our pricing is based on Business Lending portfolio and number of users, not Total Assets. FISCAL is used by several CUSOs
FISCAL has been implemented by hundreds of Credit Union users
Designed for smaller member business loans, not large commercial deals FISCAL is not a one-size-fits-all, rigid, end-to-end, system designed for larger institutions
Not quite ready for a demo?
Try our Excel Template for faster, easier financial statement spreading.
Want to Learn More?
Do what YOU do better, faster, and more easily with FISCAL.
Do what YOU do. Better, faster, and more easily with our financial spreading and tickler tracking software.
Still have questions? Let’s talk.
Call 800.248.5550