Local Government Federal Credit Union sees efficiency gains with SAS®
Jonathan Walker needed a faster, more reliable way to support risk management and marketing efforts at Local Government Federal Credit Union (LGFCU).
“We were trying to use Excel in a way it’s not meant to be used,’’ recalls Walker, LGFCU’s Business Intelligence Manager. “We had big challenges consolidating our data across multiple sources.”
In particular, LGFCU needed faster, more reliable insights about the impact of loan delinquencies on the balance sheet. Excel was slow and unreliable, and manual data entry made errors common.
“Honestly,” says Walker, “sometimes we would have to run programs overnight and just hope that something didn’t break in the process and cause us to do it all over again.’’
With SAS Business Intelligence, analysis that once took hours now takes minutes.
“I was spending 80 percent of my time on data preparation before using SAS,’’ explains Xin Pan, a Business Analyst on Walker’s team. “Now that I spend less time on data preparation, I can focus on building a credit risk management system.”
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