Complete Financial Management System


What is FISCAL Credit Suite and what are we proposing?

FISCAL Credit Suite granular and modular solution built to fit your institution’s needs.  It is comprised of two dynamic products, FISCAL, a complete financial analysis system designed to provide clear and accurate calculations in a matter of minutes and ExceptionComplete, an exception, covenant and special insurance tracking and tickler system.  The use of these solutions will create uniformity and comprehension within an institution and result in enhanced productivity of your lending team. 

FISCAL allows for business and personal financial information to be entered into 10 delivered secure templates that can be customized to meet any user’s needs.  It then analyzes the data, compares it to RMA/IRS industry standard data, and provides output in the form of various reports. 

A Ratio Analysis, Loan Presentation, and a Global Cash flow are just a few of the many reports available, all of which can be exported into Microsoft Excel/Word for additional manipulation.  Results can also display in the form of various graphs and charts.  Five-year, five-month or sixty-month projections are calculated based on a linear regression model. 

Whether you use 5 years, 2 years or a single year historical data, FISCAL will interpret the data into an unlimited number of “what-if-scenarios” while integrating a single or multiple loans and displaying it in an easy to read and understandable report format.   FISCAL can also interface directly with your credit bureau to obtain credit reports for both businesses and guarantors.  To complete the analysis process, FISCAL provides the ability to compare actual data with institution’s specific policy/underwriting/ scorecard/risk ratings, to determine if a potential loan exceeds requirements established by your institution.  

Challenges most lending institutions face:
 
Based on our conversations and the due diligence information that we have been able to collect about your institution, we have recognized several areas where FISCAL Credit Suite will help your organization maintain consistency and a comprehensive lending process. Vision Software Solutions, the company who makes FISCAL Credit Suite, has a clear objective to provide you with the best possible solution by building a granular and modular financial analysis solution.  This solution is to be utilized by members in the business lending department to ensure a perfect fit within your institution and your budget.

• Lack of a standard process within a lending department
• Valuable time wasted on data entry and manual calculations
• Lack of output to display analysis results
• Inability to meet auditor requirements
• Lack of security measures to protect personal financial information
• Time management issues prohibit the development of solid customer relationships
• Difficulties in predicting the financial future of a business
• Uniformity issues related to documentation and general process
• Need to track covenants, exceptions and special insurance items
• Ability to set up a tickler system to ensure timely and accurate timelines and due dates
• Letter generation system to ensure consistency and accuracy of items needed

Annual Service Agreement (ASA)

This is an optional service agreement valid for one year from your purchase and offers your institution unlimited tech support, on going webinars, live tutorials, software updates, software modifications and annual industry standards updates.  On the first anniversary date of your purchase and each year thereafter, this contract can be renewed at 20% of the total value of the licenses owned by FISCAL Credit Suite.  This service agreement can be cancelled at any time by the licensed institution; however, additional fees will be assessed if the renewal takes place after the contract has expired. 

Training

Instructor led training is offered in two formats:  onsite at your location or locally at our location in Charleston, SC.  The cost for Onsite Training is $1,975 plus travel expense and is a one day course.  The cost for Local Training is $750 per person and is usually broken into two days.  To ensure implementation timetables, training must be scheduled within thirty day of executed agreement.

System Specifications

  • Workstation Windows 2000, XP, Vista or newer
  • Server Windows 2000 or newer
  • Database Initial database will take 15 megabytes
  • SQL 2005 or 2008.NET Server Microsoft .NET Framework 2.0 must be installed before database (from the CD)
  • Report generation Crystal Reports XI will be installed as part of either application installation
  • NET workstation Microsoft .NET Framework 2.0 will be installed as part of fisCAL 9