Envision Credit Union Achieves 178% ROI with Financial Performance Management Software

Improves productivity and reduces labor costs with rapid six-month payback
BOSTON--(Business Wire)--
Nucleus Research analysts have independently examined the deployment of IBM
Cognos TM1 software at Envision Credit Union to find a rapid return on
investment (ROI) of 178% with payback in six months time.

Envision is a 31,500 member not-for-profit credit union serving a six country
area in Florida, operating eight branches and 13 ATMs in and around Tallahassee.
The credit union provides deposit, ATM and lending services. In 2006, the
organization hired a new CFO with a directive to modernize the accounting and
finance functions.

Envision selected IBM Cognos TM1 based on cost advantages and its ability to
generate reports based on real-time data as opposed to batch reports. The TM1
deployment has enabled Envision to reduce its administrative costs by automating
processes and increase productivity by creating standardized and customized
reports to replace hand-coded spreadsheets based on hard-copy printouts from the
mainframe. Further, Envision has been able to increase the average amount of
overnight cash investments by reducing currency balances and has dramatically
improved visibility without adding headcount.

"The Envision deployment is part of a growing trend Nucleus is seeing, where
more mid-sized organizations are being aggressive with - rather than intimidated
by - BI. The ROI was high on this deployment because they didn't just replace an
old system and get rid of labor-intensive workflows, they also analyzed how they
were using investable assets and increased the ROI on their capital," said David
O`Connell, senior analyst, Nucleus Research.

The full case study is available at NucleusResearch.com All Nucleus Research ROI
case studies are independent assessments, evaluating the costs and benefits from
the IT deployment.

About Nucleus Research

Nucleus Research is a global provider of IT research and advisory services that
provides CFOs, CIOs and their staffs with the real-world information they need
to maximize the business returns from their technology investments, including
successfully executing their IT deployments and determining the business value
of their initiatives. For more information, visit NucleusResearch.com.

Narrate PR
Chris McManus, 718-832-9154
chrism@narratepr.com

Copyright Business Wire 2009