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Lending & Credit Risk

Poll: 84% of institutions using Excel for ALLL calculation

Sageworks

February 19, 2013

Read Time: 0 min

What platform are institutions currently using to assist with their ALLL calculation?

Sageworks recently polled over 130 financial institutions and found that 84% are using Excel, while the majority of those using third party ALLL solutions use a web-based ALLL methodology.

The poll was conducted during a recent webinar, FASB’s CECL Model: How it will impact your ALLL.

For information on common concerns that regulators have with spreadhseets, download the whitepaper titled: Regulator Concerns with Spreadsheets in Risk Management.

About the Author

Sageworks

Raleigh, N.C.-based Sageworks, a leading provider of lending, credit risk, and portfolio risk software that enables banks and credit unions to efficiently grow and improve the borrower experience, was founded in 1998. Using its platform, Sageworks analyzed over 11.5 million loans, aggregated the corresponding loan data, and created the largest

About 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.

Make Big Things Happen.

DiCOM is now part of Abrigo

Best-in-class solutions to manage the life of a loan and protect asset quality in the face of growing pressure on borrowers. Read the press release.

Valuant is now part of Abrigo

Our portfolio risk solutions and services are more robust than ever. No matter the challenge, we help you face it head on. Read the press release.