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Hello and welcome to our July edition of The Juicy Stuff: An Interview Series with Our Board Members. Each month throughout 2019, I will be interviewing one of our board members and publishing it to our blog, right here. The interview is a mix of strategic questions as well as surprise questions to keep things entertaining.
This month, I interviewed Mr. Scott Ferndelli, CEO of $141M Arapahoe Credit Union in Littleton, CO. Scott has been in the credit union movement for over 25 years and has been on our board since 2017.
By Nikki Kuepper, Accounting Supervisor
Nowadays, everyone under the sun is pushing to automate their back-office processes. Before rushing headlong into the world of automation, stop and evaluate whether it is the most efficient means for managing your processes, especially when it comes to accounting. But automation is always superior to manual processing, right? Not always. Let's dive into examples showing how accounting automation can actually slow your department down considerably, and ways you can prevent your automation from causing issues.
We are excited to share our newest infographic with our blog readership, which illustrates the findings from a comprehensive survey we conducted on data analytics. As you will see below, the survey results reveal trends, timelines and priorities unique to the credit union industry, one where this looming endeavor is top-of-mind.