Case Study: Ideal Credit Union automates financial reporting and analytics with BankBI

Ideal Credit Union automates reporting with BankBI for $700 million in assets

Ideal Credit Union, a Minnesota-based financial institution with $700 million in assets, sought to automate its financial reporting and move away from inefficient, high-risk Excel-based processes. They partnered with BankBI, introduced through their existing data warehouse provider OnApproach M360, to streamline operations and eliminate manual adjustments.

BankBI implemented a solution that replicated the credit union's own chart of accounts and terminology, delivering easy-to-understand dashboards and reports. The result was a fully automated financial reporting system that provided impeccable presentation of data at any level of granularity, from top-line trends to detailed loan portfolios. This successful transformation led Ideal Credit Union to also revamp its monthly board pack with BankBI, achieving a more efficient and visually consumable format for all stakeholders.

Ideal Credit Union