The CU/BUDGET-ware System is used by credit unions to develop a comprehensive balance sheet driven Budget and/or multi-year Strategic Plan. Monthly and year-to-date Actual vs. Budget Income Variance Reports assist managers in evaluating how their actual income, key ratios, balance sheet, and performance compares with the budget.  Numerous analytical reports cover virtually all aspects of the income generating process.  A powerful feature of Level II of CU/BUDGET-ware is the integration of loan, investment and term certificate cash flows from Version 11.1 of the CU/ALM-ware System.  Level I of CU/BUDGET-ware also has some integration features with CU/ALM-ware to facilitate data transfer.

Email or call 800-332-8188 to schedule a Zoom Demo of CU/BUDGET-ware and/or CU/ALM-ware.

Budgeting & Strategic Planning

Budgeting is one of the most critical aspects of financial management. The budget represents a “battle plan” for the coming year or budget period. But a primary benefit of budgeting is also the thought process that underlies its development. Management teams must think about where they are, where they are going, and how they are going to get there. CU/BUDGET-ware was designed to facilitate this process and enable the user to create a comprehensive and detailed budget in a few hours.

Level I

Level I focuses on the forecasted financial statement, income statement and budget versus actual variance reports. An annual growth model or a user- defined model for forecasting may be selected. The effects of the number of days in each month is taken into account. Level I users can upgrade to Level II at anytime without disrupting their budget or variance reports. Brick & Associates can simply email a few files that will allow the user to begin taking advantage of Strategic Planning and other important Level II features.

Level II

The Advanced Level II CU/BUDGET-ware System contains the capabilities in Level I plus four additional capabilities. First, Strategic Planning allows for a multi-period budget to extend out as long as 5 years. Second, Branch Budgeting is included.  Consolidated Budget Reports show the results of individual Branches combined.  Third, automatic forecasting is available via the Box-Jenkins Time Series approach which forecasts data using advanced statistical techniques.  Finally, the ALM integration feature in Level II allows the instrument-level loan, investment and term certificate cash flows from Version 11.1 of the CU/ALM-ware System to be transferred.

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Sample Budgeting Reports & Pricing

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