PROFIT INSIGHT worked closely with a large North American credit union to understand the obstacles limiting their business capabilities, gaps in system functionality, and areas in which cost-savings could be achieved, while also generating more than $4 million in annual revenue growth.
A North American credit union needed to understand the investment costs versus the resulting enhancements in order to proceed with potential system migration. The client sought a partner to evaluate what new functionality could be gained and how this would enhance their market presence and portfolio growth. In addition, the client wished to identify new revenue opportunities that would not adversely impact their member base.
Profit Insight provided a comprehensive comparison of the competing platforms under consideration. This comparison was done in conjunction in alignment with roadmap projects and illustrated the existing capabilities compared to what could be gained and investment required. Throughout the system and product analysis, incremental earnings opportunities were identified which, upon implementation, would help to support on-going growth and infrastructure investments.
PROFIT INSIGHT was able to help the client take advantage of existing functionality, which was not being utilized, thus reducing unnecessary expense. Following a thorough operational review and systems optimization exercise, the client was able to move forward with several projects which had been on hold due to perceived system limitations.
PROFIT INSIGHT also provided over $4 million of annual revenue generating recommendations which were implemented.