Case Study: Synergy Credit Union streamlines regulatory reporting with BankBI

Synergy Credit Union cuts quarterly validation by 3–4 days with BankBI

Synergy Credit Union faced the challenge of consolidating data from multiple sources for regulatory reporting, a process that was entirely manual, time-consuming, and prone to error. They had data available from their general ledger, core banking system, investments, and loans, but it required staff to manually pull everything together in Excel, making it difficult to validate and audit. Synergy contacted BankBI to find a solution to automate this reporting.

BankBI implemented its Financial Performance and Banking Performance applications, leveraging Synergy's existing data warehouse and its pre-built integrations with Fiserv DNA and FAS. The solution automated the end-to-end reporting process, seamlessly connecting to Synergy's systems. The results were significant, reducing the time spent on data validation by 3 to 4 days per quarter. This automation provided accurate, auditable data and opened new opportunities for Synergy to gain deeper insights into their performance.

Synergy Credit Union