TALLAHASSEE, Fla. — Envision Credit Union said it has reduced monthly teller activity reporting from 20-plus manual labor hours to less than 10 minutes in the year because of business intelligence software from Cognos Inc.
Overall, the Cognos TM1 solution has allowed the $193 million CU to improve the quality and timeliness of its financial reporting and its ability to analyze its business performance, the company and credit union said.
Envision (www.envisionc.com) cited the ability to model fee-related income, analyze charge-offs and recoveries, report financing activity trends, and compare income statement and balance sheet accounts with "point and click" ease.
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