MONETT, Mo.—ProfitStars has introduced Call Report Pro CU, which it said it a simple and quick solution NCUA regulatory reporting. Call Report Pro CU enables credit union staff to quickly and easily prepare quarterly 5300 Call Reports with improved efficiency and accuracy, the company said.
Regardless of the credit union's core processing system, this software imports data files directly from the general ledger (or other data sources) into the Call Report to save time and improve accuracy. The solution incorporates more than 1,600 NCUA built-in data validation tests to eliminate errors. Historical Call Report data is displayed on-screen for easy reference, with the option to add personal notes for future reference and document any corrections. Completed data can be uploaded directly to the NCUA's website from within the software for an efficient transmission process.
Separately, Jack Henry & Associates, parent to ProfitStars, has acquired Bayside Business Solutions, a provider of complete portfolio management systems for commercial lenders and industry leader in providing factoring software. Founded in 1998, Bayside Business Solutions is located in Birmingham, Alabama.
The company will become a part of Jack Henry & Associates' ProfitStars Lending Solutions Group