Poll: 84% of institutions using Excel for ALLL calculation
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.