The following is an article written by Trellance’s Chief Services Officer, Asha Connors. It originally appeared on CUInsight.com.
Credit unions often juggle numerous critical projects: system updates, security upgrades, cloud migrations and AI implementations, to name a few. But with limited staff and budget, it’s tough to get everything done on time. Often, these projects get delayed until they start to affect day-to-day operations.
Don’t Let Resource Shortages Hold Back Your Credit Union’s Goals
By partnering with a specialized talent services provider, you can access skilled professionals to help complete your critical projects without the cost of hiring full-time staff. This approach lets you stay on track, get things done faster and avoid project delays.
Why Partner with A Talent Services Provider?
A talent services provider can be a game-changer for your credit union. Here’s how:
- Access to specialized talent: These providers source experienced professionals who can help with tech projects, IT maintenance, internal audits and more.
- Flexible staffing options: You can hire staff on a full-time, part-time or project basis, scaling up or down as needed.
- Cost-effective: Hiring temporary professionals is often more affordable than adding full-time staff, especially for short-term or specialized tasks.
- Offshore resources: Some providers offer reliable, offshore professionals who can reduce costs further while keeping your projects on track.
This flexibility allows your credit union to complete critical projects without the pressure of hiring permanent employees or stretching your budget.
Types of Critical Projects that Benefit from External Resources
A talent services provider can help with a wide range of projects, particularly those that are complex, time-consuming or outside your credit union’s expertise. Consider these examples:
- Core system migration: Switching to a new core system is a major task that requires experienced IT professionals. A talent services provider can supply the right experts to manage the transition smoothly, without needing to hire full-time staff for one-off projects.
- Internal audit preparation and support: Audits can be time-consuming, pulling staff away from other important tasks. With some oversight, external resources can handle some repetitive tasks such as preparing and organizing materials for audit requests, allowing your team to continue working on other strategic projects.
- Regulatory compliance: Regulatory projects are not just tedious but may also require specialized knowledge or skillsets that you may not have on your team. Bringing external resources with the required expertise to handle these tasks ensures they’re completed on time while your internal staff focuses on other high-priority, transformative work.
Benefits of Offshore Resources
Offshore resources are particularly beneficial if your credit union has budget constraints or needs around-the-clock support:
- Cost-effective: Offshore professionals work at a lower cost, providing excellent value for your credit union.
- 24/7 support: With offshore resources in different time zones, you can ensure continuous monitoring and updates to systems without disrupting service.
- Skilled professionals: Offshore staff are often just as qualified and experienced as onshore staff, offering a seamless extension of your team.
By tapping into offshore talent, your credit union can complete critical projects efficiently and at a lower cost.
Conclusion
As the year winds down, it’s crucial to stay on track with your critical projects. Partnering with a specialized talent services provider can help you meet deadlines, save money, and prepare your credit union for 2025 and beyond. Don’t let resource constraints get in the way of your success—get the help you need to keep your projects moving forward.
