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This sponsored content article is provided to the credit union community for shared insights and knowledge from a recognized solutions provider in the industry. Please note that the views and opinions offered here do not reflect those of Callahan & Associates, and Callahan does not endorse vendors or the solutions they offer.

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December 2, 2013

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Nate Wentzlaff

7/22/2014 10:37 AM

Great Article Kathy, Integration of systems is essential for all credit unions. Without integrated systems, chances for data inconsistency increase dramatically. Could you comment on the ability for credit unions to use integrated systems for their enterprise reporting? Do you encourage credit unions to invest in a data warehouse with data integration as one of the main goals. I have witnessed many credit unions utilize a data warehouse to gain valuable insights into their relationship with their member. However, investments in the core contribue to the value of any reporting the credit union will perform down the road. Your point about eliminating double-entry is a very valuable point. Double entry, when done by humans, is prone to errors. Simply getting all data entry into a single entry point provides tremendous value down the road. Thanks! Nate Wentzlaff Data Analytics Specialist, OnApproach

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