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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.

CECL Streamlined: A Webinar Series for 2023 Adopters

Join this four-part, educational series to stay on track with your CECL transition. The series is led by Abrigo consultants who have helped hundreds of institutions successfully implement CECL. Live sessions are eligible for CPE credits.
Register Today

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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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Video

Abrigo: Current Expected Credit Loss (CECL) Solutions

Webinars

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

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

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

Roadmap to CECL for 2023 Filers

November 02, 2021 | 02:00 PM ET

In this webinar, Abrigo's Neekis Hammond, CPA, and BKD's Kevin Ives, CPA, will discuss an actionable roadmap and timeline for 2023 adopters.

Details

CECL Implementation Best Practices – A Discussion with Community Banks

March 01, 2022 | 02:00 PM ET

Most community banks with assets under $1 billion will implement CECL in 2023. But, where to start? Peter Albero, EVP and CFO of Salisbury Bank, and Candace L. Richardson, internal audit manager and CECL officer for Security State Bank, share their recent CECL implementation strategies. The discussion will also include time for FAQs about the implementation process from CECL experts.

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

Useful Links

Our Due Diligence Process

ABA-endorsed products and services are evaluated by industry experts and bankers. Learn more about our due diligence process.

Contact Us

Need more information about our Endorsed Solutions? Call or email us. We'd love to help you!