New CFC Compass Enhancements Will Save Members Time

For nearly 30 years, the CFC Compass 10-year financial forecasting model has been helping members analyze a variety of financial strategies. In March, CFC will release an enhanced model to save users time and reduce the potential for discrepancies, along with an updated user guide. 

The model, which is free to CFC distribution members, provides a tool for preparing long-range financial forecasts that accommodates different scenarios. It incorporates CFC’s current loan and equity policies to support new loan applications, budgeting and strategic planning.

New in Compass 4.6.1:

• Ability to import a CFC BudgetPro file (version 5.10 or newer) directly into CFC Compass.
• Incorporation of kW demand rates to forecast and analyze results more efficiently.
• New minimum general funds driver.
• Streamlined process to export reports as PDFs.
• Increased number of consumer classes to 20.
• Updated user guide.
• New macro troubleshooting guide.

The CFC Financial Tools & Analysis team implemented these improvements based on member feedback. Integration and consistency among models, ease of use, efficiency and flexibility are all key areas of focus. As a result, the updated model requires less data entry if a CFC BudgetPro file is used, and new features enable users to get the results they need and expect. 

“Our team is continuously working to identify the most impactful enhancements for future Compass versions,” CFC Vice President of Financial Tools & Accounting Aaron Stallings said. “We do this by listening to members, understanding their use cases and designing solutions to meet their needs.”

By the end of March, members will be able to download the new-and-improved CFC Compass model Financial Models folder in the Document Center on the CFC Member Website. The new CFC Compass guides will also be available on the  CFC Compass page of the Member Website.