Risk management at credit unions has grown into an increasingly complicated process, and successfully integrating this critical business and compliance need with financial performance measurement and analysis has become an industry-wide challenge.

Credit unions must consider implementing a hosted Web-based or cloud portal that delivers enterprise performance management capabilities by integrating real-time, accurate financial data with risk, budgeting, forecasting and reporting processes.

Cloud portals provide a cost-effective, single sign-on platform to support risk modeling, planning and financial analysis. An integrated cloud-based platform can help credit unions make better-informed business decisions and implement effective performance strategies, enabling them to keep up with evolving regulatory mandates as well as the challenges of managing net interest margins and revenue growth pressures.