by
Catalyst Corporate | Jul 12, 2023
Catalyst Corporate announces enhancements to its online platform for SimpliCD, a certificate of deposit program available through credit union-owned Primary Financial. The enhanced SimpliCD platform improves and expands on the many benefits users already receive. With a simplified user experience, improved access, comparison tools and notification support, you can expect greater convenience with the service you are already using.
Here’s what you can expect from the enhancements:
Signing on
You will find a slightly different path through TranZact when signing into the new service. When you click the single sign on, you will open SimpliCD Trading, which takes you to a secure site.
Next generation dashboard
The new dashboard is a clean, easy to use interface that summarizes the most pertinent
information for your credit union. Here, you can see the best rates highlighted, along with pending purchases and your overall portfolio size.
Users can select
options to receive only DTC or custodial rates from banks or credit unions, along with quality specifications.
In addition, you will see your current upcoming maturities sorted by date, so you can plan out your strategies based on when CDs mature.
Enhanced access
Users can shop rates and make CD purchases at any time of day. If a purchase occurs after hours, it will be processed with confirmation when business hours resume. Users will always have access to their daily and monthly transaction statements, and you can compare rates in your portfolio with the SimpliCD vs. Treasury Report, found in the reports section.
Real-time notification support
Notification support is a new feature that can be customized to your liking through the app. When you sign into the new dashboard, notifications will default to the “on” setting. Select the standard options you wish; additional customization may be available by asking your Catalyst broker.
Notifications can be received in three ways: as an in-app notification, push notification, or email. In-app notifications are received whenever you are signed into the application, while push notifications are sent even when you are not signed into the SimpliCD app. Push notifications are opt-in, meaning you will need to click on “Subscribe to Push Notifications” in the top righthand side of the screen.
Basic notifications are received when a purchase occurs, but there are also customizable rate notifications. You can set your criteria for a rate range so you will be notified if any rates are posted within that range. Rollover rate notifications are also available, letting users know when a rollover rate is available and when it expires.
Superior platform for CD portfolio management
This SimpliCD enhancement provides a host of improvements that make CD portfolio management simpler than ever, with updated features and a modernized user experience.
If you are not already using the platform, it is a great time to learn how SimpliCD can benefit your credit union.