Case Study: Westminster Savings Credit Union achieves faster processing and IFRS-compliant reporting with Sage 500 ERP (Sage ERP)

Westminster Savings Credit Union Makes Smart Investment in Sage 500 ERP

Westminster Savings Credit Union, a Canadian financial institution with 12 branches and more than $2.1 billion in assets, needed a powerful financial management solution to support simultaneous IFRS and GAAP reporting. Working with Sage, Westminster Savings migrated from Sage PFW ERP to Sage 500 ERP (along with Sage Fixed Assets and Sage Active Planner) to meet its complex reporting and accounting requirements.

Sage implemented Sage 500 ERP with integrations to the credit union’s banking, leasing and payroll systems and added tools for asset tracking and budgeting. The move delivered a stable, scalable SQL platform that sped up high‑volume transaction processing, made accounts‑payable updates nearly instantaneous, and eliminated offline currency spreadsheets—saving about half a day of work each month—while enabling efficient IFRS and GAAP reporting across branches.

Westminster Savings Credit Union

Donnie MacDonald

VP of Finance and Controller