Our CECL application offers a solution for banks and financial institutions making the transition to CECL, including:
- Interactive graphs
- Dynamic filtering capabilities
- Detailed analytics and reporting
- Asset pool and individual loan analysis
With our CECL software, you can access historical information and easily adjust for both past events and future conditions, allowing you to develop reasonable forecasts of expected credit losses over the life of each loan and asset. Use different methodologies based on the asset pool and subcategories that you choose to create for your asset pools.
CECL offers several loss rate methods, including static pool, remaining life, and vintage, along with non-loss rate methods, like discounted cash flow and probability of default. These features make it simple for organizations to customize calculations based on their data and needs.