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ABA: The American Bankers Association

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 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
  • Incorporate Trepp’s CRE benchmarking data into the ALLL as an optional scorecard, making it easy to estimate potential credit losses for scenario building and capital planning
  • 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
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Current Expected Credit Loss (CECL) Solutions

Abrigo is a leading technology provider of compliance, credit risk, lending, and asset/liability management solutions that community financial institutions use to manage risk and drive growth. Abrigo offers banks the only ABA-endorsed solutions for CECL compliance, giving institutions confidence as they make the accounting transition. Visit abrigo.com to learn more.

Webinars

CECL in 2023: Best Practices Learned from SEC Filers

March 17, 2021 | 02:00 PM ET

In this presentation, tailored for financial institutions that have not yet adopted the standard -- or those who may feel the need to take a second look at their practices given the realities of the pandemic economy - we will discuss lessons learned from implementing the standard at more than a hundred such institutions, working with scores of different audit and validation firms across the spectrum of size, resources, and sophistication.

Details

CECL In Crisis

April 29, 2020 | 02:00 PM ET

Join Gordon Dobner (Partner, BKD) and Garver Moore (Managing Director Advisory Services, Abrigo) to discuss the first quarter of public preparers operating the new standard, and thoughts on what the second quarter has in store.

Details

Stress Testing and CECL in Volatile Times

October 26, 2020 | 02:00 PM ET

Institutions that identify, measure, and manage risk most effectively will outperform their peers in terms of financial performance while also maintaining safety and soundness.

Details

What SEC Filers Have Learned About CECL Implementation

December 12, 2019 | 02:00 PM ET

During this free webinar, join Paula King of Abrigo Advisory Services and Felicity Ours of Summit Community Bank, as they share the CECL experiences of Summit, in addition to those of other SEC registrants.

Details

09.30.20 ALLL Statements: Pandemic Impacts and What That Means for CECL

December 17, 2020 | 01:00 PM ET

In this webinar, intended for public and private institutions that have not yet adopted the forward-looking CECL standard, we discuss an approach to establishing qualitative adjustments while looking at an overarching analysis from 9.30.2020 statements to see how the pandemic impacted results from Abrigo's client base in the second half of the year.

Details

Resources

Provider

Abrigo

Contact:

Abrigo

Abrigo enables U.S. financial institutions to support their communities through technology that fights financial crime, grows loans and deposits, and optimizes risk. Abrigo’s platform centralizes the institution’s data, creates a digital user experience, ensures compliance, and delivers efficiency for scale and profitable growth. We also offer banks the only ABA-endorsed solutions for CECL compliance, giving institutions confidence as they make the accounting transition. Make Big Things Happen. Get started at abrigo.com.

Our Experts

Helen N. Sullivan

SVP, Endorsed Solutions

Contact Helen

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