Our prep kit was written by experts who have done this for hundreds of institutions already, and is filled with best practices and key milestones to keep you on track and compliant.
Transition with Ease
It is important for financial institutions to understand what is required by CECL guidance and to plan what their organization should be doing this year to prepare. This bundle of informational resources will help with the transition.
Resources in this kit include:
- Guidelines for a timely and efficient implementation
- Data evaluation tool to identify needs and gaps
- How to build a meaningful model
- Key findings from your peers
- Refresher on the accounting standard itself
A CECL Transition Plan Built for Success
Implementation Guide
A timeline for the next 2 years.
Manage the tasks that need to occur to reach your CECL goals, including recommended actions.
Data Guide
Know what fields are necessary.
A cohesive data guide filled with the loan-level information that you should be collecting to start building out your model.
Accounting Resources
Convenient links to the standard.
Familiarize yourself with the standard itself. Access relevant CECL accounting resources in one convenient location.
Solution Checklist
Key criteria for a CECL solution.
Building an in-house model or using a vendor? Learn more about what you should be evaluating in any type of solution.
Your CECL Prep Kit
Our prep kit was written by experts who have done this for hundreds of institutions already, and is filled with best practices and key milestones to keep you on track and compliant.
DOWNLOAD THIS KIT TO LEARN HOW TO:
- Stay on time
- Build a credible and efficient model
- Overcome roadblocks
- Ensure data quality
- Have the tools you need to be successful
We are a very customer-service oriented bank, and the culture at Abrigo felt similar.
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Abrigo Allowance/CECL Solutions
Providing flexibility on the path to Current Expected Credit Loss (CECL) compliance.
Tools that grow with you
Our solutions inform profitability analysis and portfolio optimization by providing extensive reporting, helping you confidently transition to CECL, and leverage allowance data for portfolio management.
Gain significant time savings compared to spreadsheet-based calculations, as well as more transparent documentation, a defensible process for auditors and examiners, and a smoother transition to CECL.
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