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Abrigo: Current Expected Credit Loss (CECL) Solutions

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Provider: Abrigo

Abrigo

Abrigo’s allowance technology gives financial institutions flexibility in their path to CECL compliance by offering two ABA-endorsed solutions, the MST Loan Loss Analyzer and Sageworks ALLL. The technology also acts as a data warehouse to help banks collect the information needed to produce forecasts and inform directors of the credit risk they face.

Both solutions automate the allowance calculation to maintain compliance with current and future GAAP. The solutions give banks a host of loss rate methodologies and segmentation options from to create the most defensible and representative model of credit loss in their portfolio.

The MST Loan Loss Analyzer (LLA) streamlines the calculation and documentation for accurately estimating the allowance today and the Allowance for Credit Losses (ACL) under CECL to help satisfy regulatory and audit requirements with an automated process tailored to the bank. Sageworks ALLL offers banks flexibility in the transition to CECL by providing a platform for quickly and easily testing different scenarios to see the estimated impact on the allowance and capital.

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Benefits

  • Time savings, as bankers do not have to track down data, reconcile balances in several spreadsheets or manually update formulas
  • Auditor and examiner satisfaction through a defensible and documented allowance process
  • Flexibility to quickly try different scenarios and segmentation strategies without overhauling the calculation
  • Robust loss rate methodologies, including discounted cash flow, that allow the bank to choose the best model for their loan pools and portfolio
  • Integration with any core system as well as additional interfaces such as general ledger, charge-off and recovery, credit card, Small Business Administration (SBA) data and others
  • Designed with scalability in mind to meet the growing needs of the financial institution
  • Full-service support team offering quick, unlimited technical support
  • Hosted in the institution behind your firewall or in the cloud

Provider

Our Experts

Helen N. Sullivan

SVP, Endorsed Solutions

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