For more than 25 years, the
CFC Compass 10-year financial forecasting software model has been helping members analyze a variety of financial strategies. This year, CFC upgraded the tool in response to member feedback to include the ability to model broadband and other non-electric lines of business (LOB).
The model, which is free to CFC distribution members, provides a tool to prepare long-range financial forecasts accommodating different scenarios, incorporating CFC’s current loan and equity policies to aid in providing support for new loan applications, budgeting and strategic planning.
“We are excited to have received a lot of member feedback and interest in the new CFC Compass 4.5 model since it was released on May 7,” CFC Senior Manager of Financial Products and Analysis Bettina Kimmel said. “A few of the upgraded features include the ability to unbundle financial statement data (Form 7), financial reporting by LOB, tracking of historical and future long-term debt by LOB, ability to make intercompany adjustments and enhanced financial reporting that now includes consolidated and non-consolidated financials.”
watch a replay of the May 17 CFC Extra Credit Education Series Webinar broadcast, “Maximize Compass 4.5: How To Model Non-Electric lines of Business,” to learn how to use the new features, how to forecast for various projects and how distribution cooperatives can benefit from using the tool.
“CFC is committed to providing our members best-in-class planning models and analytical tools to support their financial success,” Kimmel said. “We believe the CFC Compass 4.5 upgrade can be a valuable part of our members’ financial forecasting planning process.”
Contact the Compass team, at
firstname.lastname@example.org, for personal assistance or to expedite delivery of the upgraded model. Also, reach out to your CFC regional vice president to discuss the new model.