Frequently asked questions
General Questions
What is Fintive?
Fintive is an intuitive and affordable credit management software designed for commercial credit analysts and lenders, offering features like financial analysis, risk assessment, and credit review.
When was Fintive founded?
Fintive was founded in 2019 to fill a gap in the market for simple yet comprehensive commercial lending software.
Who is behind Fintive?
Fintive was founded by Erich Bumgardner, who envisioned an innovative approach to supporting the complexities of commercial lending.
Features and Capabilities
What features does Fintive offer?
Fintive provides tools for credit and financial analysis, loan approval and review, collateral management, risk rating, covenant testing, and much more.
Can Fintive handle complex loan types?
Yes, Fintive is designed to help assess risk accurately across a wide range of loan types, including complex credit relationships with multiple levels and partially-owned entities.
Does Fintive offer tools for financial reporting?
Yes, users can generate and print financial statements, track trends over multiple years, and analyze global cash flow. Fintive also has a suite of portfolio level reports that can supplement committee reporting and/or other data needs.
Is Fintive suitable for community bankers?
Absolutely. Fintive was specifically created to address the challenges faced by community banks, providing user-friendly solutions tailored to their needs.
Technical and Usability
Is Fintive easy to use?
Yes, Fintive prioritizes a positive user experience, with intuitive workflows and features like dictation for data entry.
Does Fintive integrate with other systems?
Future updates will include expanded loan approval and documentation capabilities, including integration with core systems and databases.
What are the software’s reporting capabilities?
Fintive supports customizable reporting, stress testing, and portfolio analytics, enabling lenders to gain actionable insights.
Can I access my data securely?
Yes, Fintive ensures secure storage and access to all your financial and loan data.
Support and Implementation
How long does it take to implement Fintive?
Implementation timelines vary based on the size of your organization, but Fintive’s team provides dedicated support to ensure a smooth transition. This process can take less than 24 hours if your core data file is ready for output.
What kind of training is available?
Fintive offers onboarding sessions and user guides to help teams quickly adopt the software.
Is customer support available?
Yes, our support team is available to assist with technical questions and troubleshooting.
Pricing and Plans
What does Fintive cost?
Pricing depends on the features and scale required for your organization. Contact us for a tailored quote.
Are there any additional costs?
Additional costs may apply for advanced modules or future upgrades. We’ll ensure transparency in pricing.
Do you offer a trial version?
Yes, we provide trial uploads to help organizations evaluate Fintive before committing.
Future Development
What features are planned for the future?
Upcoming updates include dashboards, advanced portfolio analytics, legal document storage, and advanced models like CECL and regression analysis for risk ratings.
How often is the software updated?
Fintive is continuously evolving, with regular updates based on user feedback and industry advancements.
Can I suggest features for future releases?
Absolutely! We value user feedback and encourage customers to share their ideas.
