Credit unions are increasingly looking for ways to drive performance by improving their reporting and analytics capabilities. One of the biggest payoff initiatives is a data warehouse.
Simply stated, this is a secure, unified repository of the credit union’s most valuable data structured in a way to quickly deliver valuable insights.
While the credit union’s core and other operational systems are built to support efficient transaction processing, they are typically poor at reporting and analytics. A data warehouse essentially takes a snapshot of every transaction from the different operational systems and integrates them into a powerhouse of data fine-tuned to answer mission critical questions quickly.