|
War Story
#16
| Business
Type: |
|
Credit
Union |
| Challenge: |
|
|
Transition from large service bureau
for data processing to in-house system
|
|
| Work
Performed: |
|
|
Systems analysis and design,
prepared a Request for Proposal and negotiated $1/2
million purchase of new in-house system
|
|
| Benefit
Provided: |
|
|
Significantly better reporting,
lower operating costs, supported rapid growth plan
|
|
| Long-term
Result: |
|
Credit
union is several times larger than prior to system
acquisition |
This federal credit
union had used service bureau data processing facilities for many
years. It has plans for rapid growth and desired to improve
reporting and member services functions, while controlling
processing costs. Management decided to have an independent review
of the various alternatives. It eventually accepted the advice of
Management Advisory Group to purchase an in-house minicomputer
system. The total cost of about $500,000 resulted in a payback in
less than 2 years compared to alternative methods but also
significantly enhanced service to members, financial reporting,
and internal controls.
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