Grow Financial Federal Credit Union Selects Verian for eProcurement and Invoice Automation

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Verian's Cloud-based Purchasing Solutions Augment Symitar Accounting System to Drive More Savings for Members

Verian’s in-depth knowledge of our industry and partnership with Symitar make them an ideal fit for us.

Grow Financial Federal Credit Union (Grow) recently selected Verian’s cloud-based, purchase-to-pay suite to revolutionize purchasing processes and reap significant savings that will be passed on to members. By automating the purchasing cycle, Verian will help Grow replace manual procedures with electronic processes that are much faster, more accurate and completely visible from start to finish.

Grow will be implementing Verian’s Purchase Manager and Invoice Manager, as well as budgeting tools to

  • Support growth by tracking projects with real-time data
  • Increase efficiency by eliminating time-consuming, disjointed manual processes
  • Reduce risk by implementing a comprehensive system to see all spending and approvals

“Verian’s in-depth knowledge of our industry and partnership with Symitar make them an ideal fit for us,” said Dan Moser, Associate Vice President at Grow Financial Federal Credit Union. “We are very excited to partner with them to transform our purchasing so we can offer our members even more in return.”

Grow was founded in 1955 by a small group of military personnel and civilian employees of MacDill Air Force Base with their first store in a broom closet in the base of an office building, open only during lunch hours. By 2006, the credit union expanded to 17 stores in the Tampa Bay, Fla., area, growing to $1.6 billion in assets and a total membership of 179,000, which lead to the name change of Grow Financial. In 2013, Grow expanded into their first out of state location in South Carolina with a new store in Columbia, S.C., and later in 2014 opened two additional locations in Columbia, S.C., and two new stores in Charleston, S.C.

To learn more about Verian’s dedicated solutions for Credit Unions, register for the upcoming webinar on Feb. 19 at 2:00 p.m. EST featuring an interactive panel discussion among leading Credit Union executives, including Grow’s Phillip Jarvis.

About Grow Financial
With 27 stores, Grow Financial Federal Credit Union is recognized as one of the leading Credit Unions in the nation with $2 billion in assets. Originally founded to provide a safe place to save and borrow money for the military and civilian personnel of MacDill Air Force Base, Grow Financial has since expanded membership to include employees of more than 1,100 businesses. Established in 1955, Grow Financial has its corporate headquarters in Tampa, Florida. For more information visit http://www.growfinancial.org.

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 Verian’s specialized purchase-to-pay suite for banks, credit unions, insurance companies and other financial services organizations is available by visiting the Financial Services page on Verian’s website.

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Lindsay Munn
Verian
980-318-5417
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