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In search of flexible cloud ERP
Founded in 2003, Member Business Solutions (MBS) provides business lending and servicing for over 100 small credit unions across the United States. As the company rapidly expanded its service offerings, its internal financial management needs evolved as well. It became increasingly inefficient for the professional services company to share software with its parent company, Corporate One Federal Credit Union, which ran the group’s financials using an on-premises industry solution from Fiserv. MBS required a more flexible ERP solution that could simplify its complex billing processes and provide greater visibility across multiple lines of business.
Results with Intacct
- Eliminated over 70 hours each month from billing processes
- Saved 30 hours per month on reporting and responding to ad-hoc requests for financial data
- Slashed monthly close by more than two-thirds
- Decreased revenue leakage by streamlining project billing