Sharetec System announces they will be hosting their 2015 Annual Sharetec Users Conference on September 21st – 23rd at Disney’s BoardWalk Resort in Lake Buena Vista, FL.
“We have always enjoyed previous Sharetec conferences and are looking forward to this year’s taking place in Disney. There is always opportunity to network with our peers and gain valuable information with a great deal of educational resources,” comments Tammy Weickert, Vice President of Winnebago Community Credit Union.
To read more, visit us at http://www.bradfordscott.com/html/Conference2015.html.
When it comes to financial management tools, today’s Credit Unions require flexibility and ease of use, not to mention the ability to save valuable time. Thankfully, Sharetec offers comprehensive and streamlined accounting tools to assist Credit Unions with managing a wide range of financial tasks—from accounts payable, to asset liability management, to integrated general ledger—all while saving that much-needed time.
Sharetec also offers timesaving reporting tools including its handy 5300 Call Report Assistant. This tool is specifically designed to reduce your prep time and help you meet regulatory requirements for reporting investments and preparing quarterly 5300 call reports for the National Credit Union Administration (NCUA). The 5300 Call Report Assistant is extremely useful in that it streamlines data gathering and organization for your quarterly report by auto-uploading information each quarter from a variety of sources, such as Sharetec loans, shares, and general ledger. With the 5300 Call Report Assistant in place, your Credit Union can save as much as 80% of the time usually required to prepare the 5300 report. And the time you save can be spent servicing your members and improving your bottom line
The loan decision process can be difficult for even the most astute of lenders, which is why Sharetec offers Automated Lending toassist Credit Unions with making such critical decisions. Sharetec’s Automated Lending tool—used in conjunction with Sharetec’s loan application—is considered by many to be the perfect tool for instituting and streamlining lending parameters and guidelines. The tool auto-generates loan approval or denial based on up to 11 pre-established and weighted criteria. As data relating to debt and income is recorded, factors including debt ratios and disposable income, are auto-calculated for the loan applicant and co-applicant.
Sharetec’s Risk Based Pricing module can be incorporated into the Automated Lending tool to further simplify the decision process. Credit Unions using this automated pricing module can adjust a borrower’s interest rate based on risk level, using their own custom-created risk pricing adjustments which are auto-applied based on loan type. The customized pricing adjustments can be based on a singular factor such as credit score, to several factors, such as debt ratios, employment history, and delinquency.
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* Increase Income
* Improve Processes
* Keep up with hot news at Sharetec
* Learn about new credit unions changing their core to Sharetec
* Upcoming Webinars
So Much More! To see past issues and get caught up on Sharetec, the Core with an ROI, visit us at http://www.bradfordscott.com/credit_news_news.
Disasters can happen to the best of us, which is why preparedness and planning are essential. Thankfully, Sharetec has a system-saving feature that does just that, helping Credit Unions to prepare for the worst and avoid disaster.
With Remote Backup, your Credit Union can steer clear of a potential system calamity, and it’s all handled remotely on a nightly basis. The backup is put in place with your system so that all of the day’s data is duplicated remotely to Sharetec’s secure hosting facility. Your Credit Union will receive a daily confirmation that the backup has been successfully accomplished. And Sharetec doesn’t stop there. As part of their Disaster Recovery Program, Remote Backup testing is completed on a regular basis to ensure that it can be restored if necessary.
Credit Unions opting for Sharetec’s Remote Backup plan are certainly on the path to averting disaster while enjoying the safety and security of data loss prevention.
Many of Sharetec’s new customers are a result of credit unions changing their system to improve efficiency and growth opportunities. In addition to growing the customer base, Sharetec has been delivering, “Core conversions can be a challenge but the Sharetec team was instrumental for making our conversion such a success. We couldn’t have been better prepared than we were,” comments John Bergeson, President of Harvester Financial Credit Union.
To read more, visit us at http://www.bradfordscott.com/html/2014Conversions.html.
Sharetec Business Accounts provides credit unions with the ability to increase the services they offer to small business while at the same time create another fee income stream that can help the credit union grow.
With the Sharetec Business Account feature, the credit union can not only automate many manual tasks but make a strategic effort to grow this area of the credit union by setting up different plans for different types of business which includes features such as:
• Sweep Accounting
• Bonus Credit Plan
• Fees Charged
• Assess Fees
Sharetec Business Accounts feature is an account type that credit unions can setup to generate income by increasing fees and driving out manual effort. For more information, contact us at email@example.com.