What's New | Feature | Training/Support Tips
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Credit Builders Alliance
CommonGoals is pleased to announce an innovative new partnership with Credit Builders Alliance (CBA). The new CBA Reporter service combined with the TEA Credit Reporting module, gives community lenders – regardless of number of loans – the opportunity to report to the major credit bureau(s).
TEA Hosted Solution
When you subscribe to TEA Hosted Solution, you are buying peace of mind. At CommonGoals Software, we understand your business and we know that you would rather spend your time and budget on your region’s economy – not internal technology infrastructure.
Credit Report Integration Module
The CRI module is currently available in beta version and we encourage all organizations to take advantage of the benefits and efficiencies that integrating credit reports into TEA has to offer.
Feature
The loan is on the books, now what?
Lending is your organization's principal activity and your success rests greatly on how well you manage your loan portfolio. Historically, loan portfolio managers have focused on approving loans carefully and monitoring their performance. Recent developments in technology and information systems have revolutionized the loan decision-making process and made it possible for portfolio managers to obtain early warning indicators of risk.
In the next three issues of The Power of Nine Newsletter, CommonGoals will be presenting a series of topics discussing the critical elements of an effective Loan Portfolio Management (LPM) process with a specific emphasis on managing risk among groups of loans as well as the risk inherent in individual loans.
Training/Support Tips
Tip 1 - Recording Banking Information
Client banking information is entered into TEA by organizations whose clients make loan payments by automatic bank debit. This is a real time saving feature for managing these loan payments because it allows you to skip the process of using the bank’s software as batches can be easily created by TEA.
Tip 2 - Deleting Duplicate Records
The Rolodex module in TEA is designed to include contacts that are considered non-clients and the Client module is designed to include your clients. By definition, the same person should never have a record in both modules – the person is either a client or not.
Tip 3 - Undisbursed Funds
The Loan Portfolio report includes a column for undisbursed funds. This information will give your board members and management a clear picture of the total funds approved but not yet disbursed to your loan clients. Loans that have been partially disbursed will show the balance not yet disbursed, and loans that have been completely disbursed will show a zero balance.
The goal of this free eNewsletter
is to stay in touch with You! It has been developed
to communicate news about TEA, including Features, Training, Updates
and Enhancements as well as alert you to new TEA Support Documents as
they become available. We encourage you to share
this newsletter with your co-workers, or invite them to Sign
up today to receive their own free copy of the Power of Nine. As always, we welcome your
feedback regarding this newsletter, please
email your comments to us. We hope you enjoy this issue of the Power
of Nine. The CGS team regularly attends conferences
and training events to stay in touch with the issues that matter most
to microenterprise and to network with associations and their members.
Check out
our Events Calendar for 2007 Training Schedule We are now accepting registrations for the following
courses:
Online Mini Courses For:
Online Custom Report Builder:
Your TEA Support Team
Enroll early to avoid disappointment.
Email Address and TEA Website
Did you know that you can email TEA Support and access the TEA Website from within the TEA program?From within the TEA program go to Help | Email TEA Support or Help | Visit the TEA Website.
You must use your assigned Username and Password to access the Online Support area.
If you have lost or misplaced your login information, please contact TEA Support and we will email this information to you.
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