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Real time posting

Many credit unions have to deal with general ledgers that rely on a lot of manual intervention, third party posting files, or vendor-compiled reports. With Sharetec’s integrated and real-time general ledger, credit unions can automate postings and gain a 360-degree view of the institution’s financial standing.

Working within Sharetec’s General Ledger credit unions can see how items are posted from all different parts of the system. Journal entries, AP, fixed assets, investments and lending transactions are posted to the GL in realtime. The system automatically posts member transactions when tellers close their drawers throughout the day. This keeps transaction audit trails clean and prevents unnecessary traffic from muddying account histories.

Each committed transaction brings metadata into the GL giving credit unions unique insight into each posting. Data like member number, date, GL voucher number, and batch information show users exactly where each transaction comes from and how it has affected other accounts. By providing a member number, credit unions can more easily research what member accounts a transaction originated from. This gives the credit union a more complete picture of each GL posting.

None of this would matter much if the credit union had a limited amount of transaction history in the system. Fortunately the Sharetec core processing platform is designed to give credit unions ultimate control of their data. There is no limit to the amount of GL or member transaction history each credit union can have on their Sharetec system.

Allied Payment Network logo sm2amagnify glass

Sharetec offers credit unions a unique payment solution with the help of Allied Payment Network.

  • P2P Payments Members can send money to family and friends with just an email address or phone number.

  • PortalPay Web Based Loan Payments Web based loan payments for member loan payments or indirect lending without needing to authenticate.

  • Integration to iPay for PicturePay Members can now snap a photo of a bill and have it processed through iPay.

  • A2A Users can securely transfer money to or from another institution checking or savings account.

  • FlexPay Real-time internet bill pay.

Allied attracts $4 million Plymouth investment

To learn more or sign up for these services through Allied Payment Network, This email address is being protected from spambots. You need JavaScript enabled to view it. today.

 

 

25th anniversary imageGBS

We at Sharetec are pleased to announce that four of our long-time customers have entered their 25th year as users of our innovative core processing solution.

As one of the top industry leaders in the development of credit union software, Sharetec proudly recognizes these four valued customers as they reach their 25th-year milestone in 2019. Freestone Credit Union and Waco Federal Credit Union located in Texas, All Saints Federal Credit Union in Ohio, and Generations Federal Credit Union in Indiana join Sharetec in celebrating this great accomplishment, as they reflect on the many benefits of their lengthy partnership with us.

DeAnne Harris, President of Freestone Credit Union, comments, “It’s been a pleasure working with Sharetec for 25 years. The service has always been great and the staff is very friendly and available when they are needed. The upgrades get better each year, offering more products and services to help our credit union succeed. Here’s to another 25 years!”

Connie Straight, All Saints Federal Credit Union, marvels at her 25-year career with the credit union and how Sharetec has evolved over the years to meet their changing needs. “All Saints went live with the Sharetec Core Processing solution three weeks after my start date. We immediately saw how adaptable the system was to the needs of our credit union and members. Today, I am so impressed with how far along the software has come, especially in regards to its cutting-edge technology, which delivers so many advanced features. Sharetec has not only provided us with the necessary efficiencies and functionality, but it has allowed our staff to focus on what is most important to our credit union—and that’s our members.”

Sharetec prides itself on meeting the needs of its credit unions and making sure they have the tools and technology to succeed in this competitive industry,” comments Matt Isger, Regional Director for Sharetec.

Sharetec looks forward to continuing to support the success of its current customers and growing to meet the needs of other credit unions across the country and around the globe. Congratulations to all of our 25-year customers!

Worksheet

We at Sharetec are pleased to be hosting our annual Users Conference on September 15th-18th at Disney's Yacht & Beach Club Resort® - and this year’s event promises to offer invaluable opportunities as well as a real value for all that is jam-packed into our three-day event! 

If you are still trying to decide on whether or not to attend, we invite you to do the math! Sure, there are registration, lodging, travel, transportation and meal expenses to work into your budget. But when you add up those costs, you will arrive at a total that is comparably less than industry standards. To help you compute the value of a Sharetec Conference, we’ve developed a handy Cost Savings Worksheet with cost saving tips that can be viewed at: http://www.sharetec.com/cost-savings-worksheet

Where else can attendees enjoy a full schedule of Breakout Sessions - including a hands-on lab, one-on-one meetings with account reps, a guest speaker and access to Sharetec business partners - all while benefiting from a valuable exchange of thoughts, worthwhile networking and helpful discussions with Sharetec experts? Your golden opportunities are nearly unlimited!


Sharetec prides itself on meeting the needs of its credit unions and making sure they have the tools and technology to succeed. And the opportunities at this year’s event are sure to be worth their weight in gold as they support everyone’s objectives in this highly competitive industry. We hope to see you there! (Calculators are optional!)

savethedate
Join Sharetec at Booth #200, April 25th, at this year’s Cornerstone Annual Meeting & Expo at the Hilton - Austin


Stop by Booth # 200 to see why nearly 300 credit unions nationwide have made Sharetec their core solution. We offer the products and services your members demand!

Also be sure to enter for your chance to win the money jar!