What s New in the 2017 Edition? Enhancements, Changes, and Fixes in 2017

Transcription

1 What s New in the 2017 Edition? Enhancements, Changes, and Fixes in 2017 PROFITstar and PROFITability

2 Release Notes... 1 Summary... 1 What s New Training Video... 1 Recent Bug Fix Releases... 1 Technical Changes... 2 Performance Improvements... 2 Profitstar Client Installation Enhancements... 3 PROFITstar and PROFITability... 3 Updated Look and Resizable Dialog Boxes... 3 Risk-Based Capital Ratio for Credit Unions... 4 PROFITstar Only... 5 The B/S and I/E Fair Value Data Items Have Been Combined... 5 PROFITability Only... 5 A New Setup Report Documents Organization Effective Dates... 5 Fixed in Appendix Related Links... 8 Enhancements, Changes, and Fixes in 2017 i Jack Henry & Associates, Inc.

3 Release Notes Summary This document provides an overview of the most important enhancements, changes, and fixes contained in all of the 2017 versions of the PROFITstar and PROFITability programs. What s New Training Video For a quick overview of the key items included in the 2017 version, watch this 6-minute training video: Release Notes/index.html Please ensure that you are viewing this from a device with speakers and that the volume is adjusted accordingly. Once you click Start, the slides advance automatically. However, you can use the playbar buttons, under the video to Rewind, Play, Pause, skip Back, skip Forward, and turn the Audio On/Off. Recent Bug Fix Releases The most important fixes included in the 2017 edition of PROFITstar and PROFITability are listed in the Fixed in 2017 section of this document. Bug fixes were included in these versions: /24/ /27/ /09/ /06/ /02/ /14/ /08/ /18/17 Enhancements, Changes, and Fixes in Jack Henry & Associates, Inc.

4 Technical Changes Performance Improvements For the 2017 version, many optimization changes were made to improve performance, specifically in New Model, Copy Model, Move Month, Balance Nested Units, and Run User-Defined Quick Projections. In addition, the optimized code was run on different hardware configurations to determine the best configuration for our clients, based on five sizing criterions. The hardware recommendations for the 2017 release can be found at: Note: Following the 2017 installation, the automatic updating of all configured databases will take longer than usual, because of the code changes introduced in this release. As a result, large institutions may want to run the 2017 installations late in the day or in the evening. Profitstar Client Installation Please note that in the Profitstar Client installation, the default Destination Directory for the files is shown as C:\Program Files\Profitstar 2017, but the Profitstar Client program files are actually installed in the C:\Program Files (x86)\profitstar 2017 directory. This is due to the fact that some of the deployed items are 32-bit. Refer to the Appendix for links to the most recent System Requirements and Installation Guides. Enhancements, Changes, and Fixes in Jack Henry & Associates, Inc.

5 2017 Enhancements PROFITstar and PROFITability Updated Look and Resizable Dialog Boxes This release provides a fresh main screen interface, as well as a new look for most speedbuttons. The program's functionality is not affected by these changes. In addition, most dialog boxes in PROFITstar and PROFITability are now resizeable. When you drag a side or corner of a box to the desired size, any buttons or other controls will adjust accordingly. (Some boxes do have an upper size limit, and all have a minimum size.) When a dialog box is closed and reopened, it will appear in the center of the application's screen and will return to its default size. If the box was previously resized, those dimensions are not retained. Enhancements, Changes, and Fixes in Jack Henry & Associates, Inc.

6 Risk-Based Capital Ratio for Credit Unions An enhancement included in the 2017 release makes it possible for Credit Union clients to model the NCUA's changes to the current capital requirements, in advance of the 2019 implementation of the rule changes. After upgrading to 2017, the program continues to show the Risk Based Net Worth settings, by default. To turn off the Risk Based Net Worth functionality and activate the Risk-Based Capital calculations, clear the Use Risk Based Net Worth check box, in the new Risk-Based Capital section of the Model Setup tab. When this model-specific setting is cleared, Risk Based New Worth settings and functionality are hidden and each balance sheet account's risk setting changes from Risk Component to Risk-Based %. Off-balance sheet amounts can be included in the calculation by setting the Risk Base % for a Databank amount account to something other than zero. As part of this enhancement, three new special account codes were added to the list: Risk- Based Capital Addition, NCUSIF Capital Deposit, and Risk-Based Capital Deduction. The last two reduce risk-based capital. These new codes are visible in the Chart of Accounts regardless of the setup option in use. Two new Analytical reports, Risk-Based Capital Summary and Risk-Based Capital Detail, document how the risk-based capital ratio is calculated, using the risk percentages and certain special account codes. Enhancements, Changes, and Fixes in Jack Henry & Associates, Inc.

7 PROFITstar Only The B/S and I/E Fair Value Data Items Have Been Combined The Fair value (B/S) and Fair value (I/E) data items have been combined into a single data item, throughout most of the PROFITstar program. For example, in the History - Balance Sheet grid, when the Fair value Data button option is selected only two data items are now displayed: Month-end and Fair value. Changes made to reports include the removal of the Fair Value report data options from the Income Statement reports and the removal of the Income and Expense lines from the Recap areas of the Fair Value reports. Note: The Income/Expense components of the Fair Value calculations are still visible in the Fair Value Documentation reports. PROFITability Only A New Setup Report Documents Organization Effective Dates A new Setup report has been added to the Documentation report type. The Organization Setup report documents the current model's organization Effective and Expired dates. An organization that has reached or gone beyond its Effective Date, and which has a blank Expired Date, will be included in allocations indefinitely. Enhancements, Changes, and Fixes in Jack Henry & Associates, Inc.

8 Fixed in 2017 The most important fixes included in the 2017 edition of PROFITstar and PROFITability are listed here. While you are always encouraged to run the latest version of the software, please review this list of fixes to see if your institution would benefit from upgrading to the most recent release. All of the listed items have been corrected /24/18 Deleted rules, with Pass Descriptions identical to rules added during the same session in Allocation Rules Setup, were not actually deleted when the changes were saved /27/17 The web parts on the Financials page in Optimizer were not updating correctly /09/17 When attempting to publish data to Optimizer, in prior versions of 2017, an error was received, even when everything was set up (configured) correctly /06/17 Report Writer reports containing nested IF statement formula errors could not be opened. As a result, these reports could not be examined and corrected. Now, these reports will open and the formulas calculate as they did in the 2012 versions. In User-Defined Quick Projections, the YTD Volume projection action did not work correctly when Non-Interest Inc/Exp accounts were set up to use multiple time frame ranges and different amount values. Beginning with the 2016a version of PROFITability, Allocation Rules in the same pass could appear out of order in the setup screen if the rules had multiple effective dates. Despite this, Allocations were still calculated correctly. In PROFITstar Portfolio, when setting up a new, amortizing borrowing, the number of months value was not saved. In PROFITstar Portfolio, the process of adding Data Items to Inventory reports did not work correctly. Enhancements, Changes, and Fixes in Jack Henry & Associates, Inc.

9 /02/17 PROFITstar Only or PROFITability (with just the Organization dimension) datasets were not able to Import models since there were no Products /14/17 Opening Ratio Analyzer in Ratio Setup caused an error /08/17 After saving a Layout in PROFITstar Portfolio, clicking the Layout option caused an error. When setting up Allocation Work Groups in PROFITability, the lists of Available and Selected organizations were not always right due to a save process error. Following the initial release of 2017, the Display Time Frames and Display Data options were missing from the Strategy Monitor Data graph. The Portfolio Yield and FTP Yield on the Product Statistics Detail report was not always accurate /18/17 PROFITstar would silently crash and close the program when the keyboard was used to enter information in the Download Setup screen /20/17 Documentation report missing totals for non-rate bearing accounts with Servicing Cost. As part of this fix, Income/Expense Fair Value has been removed from the program, except in the Documentation report. Enhancements, Changes, and Fixes in Jack Henry & Associates, Inc.

10 Appendix Related Links PROFITstar, PROFITability, Profitstar Suite, and PROFITstar Portfolio The most current version of this document Hardware recommendations for the 2017 release Installation instructions containing 2012 data conversion information Installation instructions for existing 2014, 2015, or 2016 clients Installation instructions for new clients System requirements PROFITstar s Hosted Budget Manager System requirements Profitstar Web Services for Optimizer Installation guide Web Services Install.pdf For more IT-related documentation, refer to the PROFITstar, PROFITability & CUPRO Release Information and Documentation pages, in ProfitStars For Clients portal. Enhancements, Changes, and Fixes in Jack Henry & Associates, Inc.