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First Tech Federal Credit Union on Fast Track to ROI with Verian

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Nations Premier Technology Credit Union Live on Verian Cloud in Less than 90 Days

Charlotte, NC (PRWEB) September 04, 2014

First Tech Federal Credit Union recently selected Verians cloud-based, purchase-to-pay suite. The First Tech system, which has close to 1,000 end users, was implemented in less than 90 days. The implementation included multiple Verian software modules and ten unique system integrations.

With headquarters in Mountain View, California, First Tech is a federally-chartered credit union that has over 375,000 members and assets of $6.5 billion, with 40 branches situated mostly in high tech business centers located on the West Coast. First Tech serves employees of the worlds most forward-thinking technology companies, including HP, Microsoft, Agilent Technologies, Amazon, Cisco and many more.

First Tech is using Verian's Expense Manager, Invoice Manager, and Purchase Manager to integrate and centralize procurement processes. This has resulted in seamless and paperless workflow throughout purchasing and accounts payable operations.

Verian was selected to accomplish First Techs clearly defined purchase-to-pay objectives:

  • Increase efficiency and effectiveness of all departments, including cross-functional efforts
  • Strengthen business controls and enhance organizational compliance
  • Deliver a structured procurement process that increases spend under management
  • Reduce indirect costs, increase electronic payments, and bolster supplier relationships
  • Enhance managements visibility and reporting of spending with vendors

First Tech professionals say user adoption of the system has been accelerated by Verians user interface, practical executive dashboards and mobile capabilities.

Were very excited about the launch of the First Tech system, said Tehseen Ali Dahya, President and CEO of Verian. Its one of Verians largest 90-day implementations yet, and it represents the focus on speed to ROI that Verian strives to deliver to all of our customers.

About First Tech Federal Credit Union

First Tech Federal Credit Union is a $6.5 billion institution headquartered in Mountain View, Calif. It is the nations premier credit union serving the worlds leading technology-oriented companies and their employees, including HP, Microsoft, Agilent, Intel, CISCO, Amazon, Nike, CH2M Hill, Intuit, Google and more. First Tech is recognized as the industry catalyst for delivering effortless banking experiences to its 370,000 members through its 40 branch locations, more than 5,000 CO-OP Branch locations, 30,000 CO-OP Network ATMs and 286,000 ATMs nationwide. First Tech offers a full range of banking services, including traditional banking, mortgage, financial planning and insurance services. For more information, visit http://www.firsttechfed.com.

About Verian

At Verian, we work with many financial services organizations to bring complex and diversified pockets of indirect spend under management with our easy-to-use purchasing system. We automate manual and outdated purchasing and invoice approval processes and are repeatedly recognized for rapid implementation and ROI coupled with high user adoption. More information about Verians specialized purchase-to-pay suite for banks, credit unions, insurance companies, and other financial services organizations is available by visiting the Financial Services page of Verians website.

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