Meridian, the second largest credit union in Canada, has selected Oracle NetSuite to modernize and streamline its business practices.
Meridian has $28.5 billion in assets under management and offers banking products and services for saving, borrowing, investing, online and mobile banking to its 365,000 members with 90 branches in Ontario.
Meridian is automating and modernizing its existing financial systems. Meridian selected NetSuite to establish a technology foundation that will support its current and future growth and selected Deloitte Canada, a NetSuite Alliance partner, as its consulting partner.
NetSuite will support Meridian to unify and manage its financial operations on a single cloud business system. NetSuite will help Meridian to streamline and accelerate month end financial reporting, increase transparency and drive efficiency with the use of financial reporting and budgeting tools that offer real-time analytics.
“Meridian is looking to the future to help its members save money and anticipate roadblocks before they become an issue,” Sam Levy, SVP of Sales, Oracle NetSuite.