SGE Chief Financial Officer Angus McBean said the benefits of the OneBanking deployment had been realized “a mere three months,” after implementing the TechnologyOne solution with embedded Financials, Asset Management, Supply Chain and Enterprise Budgeting modules.
McBean said SGE decided to install OneBanking as its incumbent system was outdated and not able meet the demands of the growing organisation.
“What we really needed was a solution that would provide better reporting, improve our practices and make SGE more productive.
According to McBean, OneBanking helped provide SGE with better control over the way it captured data, which led to improved segregation of duty, making the workforce more productive.
“Our reporting is streamlined, not only is the data more accurate, but our productivity has dramatically increased,” McBean said.
“OneBanking has reduced duplication and allows greater visibility over the fixed asset holdings so the asset life cycle is managed more effectively, making planning for the replacement of assets over the years far easier. Having better cost transparency across the entire business has solved the problem of having information reside in disparate systems.”
TechnologyOne Executive Chairman Adrian Di Marco said the importance of well-developed information management systems within the banking and finance sector was a key factor that must be taken into consideration.
“TechnologyOne understands that credit unions need responsive, flexible and integrated information management systems for the dynamic reporting and financial management demands of today’s banking sector.”