Stay on top of M&A trends at financial institutions
A recent survey by Bank Director found that 56% of bank executives and directors are open to acquisitions over the next five years. See survey
Streamline accounting for purchased assets, origination costs, and fees
Income recognition software for banks and credit unions
Financial institutions often struggle with recognizing accretion income post-acquisition due to risky, time-consuming manual processes and incomplete core systems that may not be fully GAAP compliant. This can lead to potential capital shortfalls, lower profitability, and increased regulatory scrutiny.
Abrigo Income Recognition provides all the tools you need in one flexible solution that can easily scale to support increases in transactions, volume, complexity, and more. Our expert Advisory Services team is ready to complement this software solution based on your specific needs.
A comprehensive solution
Streamline income recognition with Abrigo
Efficient
Run income recognition methodologies with the click of a button, recognizing interest income for deferred loan origination fees, costs, and acquired discount for monthly reporting.
Flexible
Configure solution as needed, including setting advanced elections to handle loans with no maturity/past maturity, rerunning methodologies for measurement period adjustments, and more.
Compliant
Process loans through Effective Interest Method (EIM) and Straight-Line Method to help ensure GAAP compliance.
Transparent
Enhance visibility and analysis with access to all the underlying, granular data related to your accretion income.
Support based on your needs
Multiple income recognition options
Software
- Calculate accelerated and base accretion
- Track acquisitions with date and ID
- Automate loan number conversion post-acquisition
- Load loan acquisition data prior to core system conversion to record financial results beginning at legal close
- Provide consistent reporting
- Ensure SOC1 and SOC2 compliance
Advisory
- Assist with implementing acquisitions, including valuation and loan data
- Analyze monthly results of base and accelerated accretion
- Assist in analysis of reports, including:
- Monthly income recognition projections for GAAP reporting
- Current period accretion/ amortization calculation for remaining discount/ premium
- General ledger-level journal entries to record current period accretion/amortization
Additional services offered by Abrigo
Get specialized support for your next M&A deal
Valuation Services
Abrigo offers comprehensive purchase accounting and bank valuation services, supporting financial institutions through M&A transactions by providing accurate fair value determinations of acquired assets and liabilities. Our expert team ensures compliance and efficiency, helping banks and credit unions navigate complex deals with confidence.
