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Kinecta Federal Credit Union Selects Wolters Kluwer Financial Services CASH Suite Solution for Commercial Lending

Credit Union Implements All Nine Modules to Achieve Straight-Through Processing

Wolters Kluwer Financial Services announced today that Kinecta Federal Credit Union has selected the company’s full CASH Suite™ solution, an enterprise-wide financial analysis and credit risk management solution for commercial lenders. Featuring nine integrated modules, CASH Suite is designed to help achieve straight-through processing across every step of a financial institution’s commercial lending operations.

Based in Manhattan Beach, Calif., Kinecta is one of the nation’s leading credit unions. According to Kinecta officials, the ability to grow and diversify its lending portfolio led to a search for a more complete solution—one that would enable it to manage a wide variety of commercial lending tasks more efficiently from beginning to end.

“One of the reasons we selected CASH Suite is for its data management capabilities. The data is entered at the start of the sales process and moves seamlessly through underwriting, analysis, risk rating, pricing and credit memo production without us having to re-key information, saving us a significant amount of time while eliminating errors and redundancies,” said Paul Willsey, first vice president of Business Services, Kinecta Federal Credit Union. “Additionally, the CASH team was very successful in identifying and responding to our unique requirements—as well as resourceful in providing solutions that fit our culture.” 

“Identifying and measuring risks at the client, relationship and portfolio level is critical for commercial lenders in today’s marketplace,” said Michael Fuchs, director, Commercial Lending, Wolters Kluwer Financial Services. “Effectively managing these challenges is a key to success. By providing integrative solutions, CASH Suite simplifies the task of managing disparate business processes, helping commercial lenders achieve their broader business goals.”

The CASH Suite solution includes the Bridge, CRE, Doc, GlobalView, Insight, OnTrack, Opportunity, Profit and Reward modules and provides a bank with deep and comprehensive financial analyses and credit risk management capabilities on its commercial loans for both new loans and annual reviews. Modules may be implemented as the complete solution, as part of a financial analytics or compliance and risk management bundle, or individually.

Visit the CASH Suite™ website for more information.

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides customers worldwide with risk management, compliance, finance and audit solutions that help them successfully navigate regulatory complexity, optimize risk and financial performance, and manage data to support critical decisions. With more than 30 offices in 20 countries, our prominent  brands include:  AppOne®, AuthenticWeb™, Bankers Systems®,  Capital Changes, CASH Suite™, GainsKeeper®, NILS®, OneSumX®, TeamMate®, Uniform Forms™, VMP® Mortgage Solutions and Wiz®. Wolters Kluwer Financial Services is part of  Wolters Kluwer, which had 2014 annual revenues of €3.7 billion ($4.9 billion), employs 19,000 employees worldwide, and maintains operations in over 40 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.