Gain flexibility with templated expected-loss rate methodologies. Make it easy for you to quickly try different segmentation elections with different models to estimate the impact on the allowance and capital and to achieve the calculation that’s most reflective of loss. Sageworks ALLL also includes embedded data sources to help institutions with low to no loss history build defensible documentation.
Access a more customizable platform for CECL automation. Institutions can manage loan portfolio risk through a rich and multifaceted solution tailored specifically for them and their reporting requirements. The LLA accommodates unique client methodologies and processes while offering the controls necessary for compliance with U.S. GAAP.
Save time on the calculation and documentation each month or quarter
Build a defensible and documented calculation that stands up to auditor and examiner scrutiny
Leverage scenario planning to determine the best CECL model for the institution
Harness allowance data for other portfolio management insights, including board reporting
Use peer benchmarks and economic forecasting data to substitute for low-loss historical data
Build an allowance calculation that's succession-proof for your institution
This Alabama bank sought an ALLL software to increase their efficiency in the department and their readiness for CECL. With Sageworks ALLL, the bank was able to cut calculation time from a week to two days and feel prepared for the expected loss model.Read More
Nathan Kelley, VP Credit Risk and Reporting, shares his experience with the MST Loan Loss Analyzer. He says, “If you are looking for a true partnership to implement an automated allowance software, Abrigo is the way to go. With the complexity and high scrutiny that lenders face, you need a team approach with experts on the allowance.”Read More