Learn how to bridge technology silos in financial institutions when accounting for and managing loans.
An introduction to models
Learn about how predictive models can be used to support the expected credit loss estimate and streamline the reserving process.
Holistically satisfy the CECL reserving requirements
CECL is expected to result in significant cross-functional changes for financial institutions - learn more about the best solution for a successful transition.
Your CECL transition
Industry experts see CECL as one of the most significant changes facing financial institutions. See how this guide can assist in your organization’s transition to CECL.
Are you ready for CECL?
After years of deliberations dating back to the 2008 financial crisis, the Financial Accounting Standards Board (FASB) issued the highly anticipated Current Expected Credit Loss accounting model (CECL) on June 16, 2016. Find out how you can prepare for this new requirement and five key operational challenges.
Getting to know CECL models
The core concept of CECL requires a forward-looking
estimate of the lifetime credit loss of a financial instrument.
The proposed standard does not prescribe any specific
method for generating these estimates, and methods
ranging from simple vintage analysis to advanced
econometric models will be acceptable.
FASB’s new credit loss accounting standard will impact the end-to-end reserving process for financial instruments measured at amortized cost.
Tackling CECL with a holistic approach
Mind the gap – what are
the technology gaps facing
Financial institutions face three fundamental technology gaps when it comes to
accounting for and managing loans, typically the largest single asset class on their
balance sheet. Effectively addressing these shortcomings will lead to more efficient
and better controlled processes, significant cost savings, and better analytics.
SS&C Primatics study reveals top concerns among banks transitioning to CECL
Despite 85 percent confidence in their ability to transition to the new CECL standard, 47 percent cite managing massive amount of data as biggest obstacle.
CECL: Today’s challenge
See how cross-functional changes to the end-to-end reserving process affect you.
East West Bancorp chooses SS&C to support transition to CECL
California bank signs multi-year agreement to implement EVOLV, leading cloud-based integrated risk and finance solution, to manage reserving under current US GAAP and new CECL accounting standard.
The CECL conundrum for lenders: Which loss forecasting methodology to use?
One of the biggest decisions that lenders will make in transitioning to CECL is selecting a loss forecasting methodology.
SS&C Primatics: Integrated risk and finance
Automating risk and finance needs, from data capture to back-end reporting
and analytics. SS&C Primatics’ EVOLV is the single platform, single solution and single system of record for integrating risk and finance functions.
CECL preparation part 3: An introduction to models for accountants and other non-modelers
CECL preparation part 2: Performing the CECL gap analysis
part I: Operational considerations for success
5 ways to prepare for CECL: A Q&A with SS&C Primatics' John Lankenau
There is a vast disconnect between the way banks feel about the new current expected credit loss (CECL) standard and what they’re actually doing to prepare.
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled services and software for the global financial services industry. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world. Some 10,000 financial services organizations, from the world’s largest institutions to local firms, manage and account for their investments using SS&C’s products and services.
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