FRANKFORT, Ky. – Commonwealth CU has implemented Real Asset Management’s Series4000 suite of asset management systems.
While the system is used primarily by accounting, credit union management also has been trained and given access to the system so they are always able to view information and produce reports, the company said. One of the main purposes management plans to use Series4000 for is to approve the transfer of assets.
Commonwealth CU has approximately 10,000 assets spread across its locations. With these often being moved between sites, Series4000 will allow the credit union to manage transfers with more accuracy than was previously possible, the company said.
As part of the Series4000 product suite, Commonwealth Credit Union has implemented the Track4000 module to assist with physical audits. New barcode labels will be added to all assets and the work will be conducted in half the time than it is now.
Real Asset Management is based in Boston.
