![]() With oversight through ViClarity, Smith and his team are able to manage their vendors more efficiently and reduce time spent sorting through spreadsheets. ![]() It really helps from an efficiency standpoint,” said Jeremy Smith, Vice President of Lending at Affinity Credit Union. “The biggest thing for us is being able to have all our documents and renewals in one place. The main focus for Affinity Credit Union was managing vendors. ViClarity’s platform provides a transparent view into Affinity’s data, allowing their team to better track compliance issues, lending reviews and vendor management. The feeling of never being on top of data was the primary reason why Affinity Credit Union started looking for something more - a solution that could keep up with their organization’s demands. Tackling Inefficiencies in Vendor Management Each report or inquiry created a scramble as they looked for a clear picture of the most accurate information. While juggling these manual processes in addition to making time for analysis, Affinity Credit Union found it difficult to ever feel on top of their data. Manual processes like copying and pasting data in spreadsheets prevents many organizations from unlocking their full potential and streamlining tasks for peak efficiency and progress toward the achievement of strategic initiatives. Juggling Manual ProcessesĪlthough Affinity’s system of spreadsheets and inefficient technology worked for several years to manage vendor onboarding, criticality assessments and due diligence, the organization noticed inefficiencies that held them back from focusing on what they do best - serving their community. While that approach worked for a while, Affinity started looking for a better solution to maximize efficiency and streamline their governance, risk and compliance processes. They focus on providing experts who help members do more with their money and stop adding burdens on their journeys to financial success.īefore partnering with ViClarity, Affinity used spreadsheets and several different technology solutions to handle vendor management, risk management, board management, and lending reviews. Affinity Credit Union serves more than 13,000 members in the communities of Central Iowa.
0 Comments
Leave a Reply. |