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Budgeting / Financial Reporting software

  • 1.  Budgeting / Financial Reporting software

    Posted Dec 15, 2020 11:31 AM

    Does anyone have any recommendations for budgeting and financial reporting software?  Currently reliant mostly on Excel still.  At my prior CU, I utilized Fiserv software (AL, MPC) but I wasn't a huge fan.

    Does anyone here happen to use Finastra PHX as their core / GL and use particular software?

    Thank you​

    David Dayrit
    Sr. Financial Analyst
    IDB Global FCU
    Washington DC

  • 2.  RE: Budgeting / Financial Reporting software

    Posted Dec 16, 2020 06:57 AM

    We use Profitstars for both budgeting and financial reporting. The system is detailed to drill down your projections and we find the results to be very accurate.  Our board financial reporting is also built in Profitstars as a template, so once we import the month-end data we are able to quickly run financial statements.  We also use the system for forecasting and branch profitability reports.  Our core system is Symitar.

    If you would like additional information regarding the system, please feel free to contact me.

    Deborah Cook
    SVP/Chief Financial Officer
    Sun East FCU
    Aston PA

  • 3.  RE: Budgeting / Financial Reporting software

    Posted 26 days ago

    I second profitstar.   I have been using it for 16 years, its very powerfull.   Any questions please call me.

    David Sacco

    President and CEO

    FD Community FCU


    David Sacco
    FD Community FCU
    Waterbury CT

  • 4.  RE: Budgeting / Financial Reporting software

    Posted 26 days ago
    Thank you both for your responses! I have scheduled a call with Profitstar per your recommendations.

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