SS&C EVOLV Reserving
Automate the end-to-end reserving process and capture critical risk and finance information via a controlled workflow and best-in-class business intelligence.
Automate the End-To-End Reserving Process
Our centralized platform holistically addresses and automates the entire reserving process in a SOX-controlled manner, and integrates risk and finance functions with best-in-class reporting for downstream reporting needs.
Five Common Pitfalls to Avoid for 2023 CECL Filers
Hundreds of financial institutions have completed the first phase of their CECL journey, and along the way, many pitfalls were identified.
Address All Aspects of the Reserving Process From Data Management to Model Execution
Support multiple reserving standards under U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).
Integrated Data Management cleanses, normalizes and prepares data with domain-aware business rules to enrich and transform data prior to processing and reporting. Aggregates instruments and assets for collective and individual evaluation based on user-defined criteria while tracking and maintaining asset records (for example, data lineage) from the original source.
Built-In Controls ensures data integrity, segregation of duties and completeness through embedded controls and end-to-end transparency.
Model Execution hosts all models for reserving and credit risk management by supporting SS&C EVOLV, third-party, and client-built models, and allows for different model types to be used for diverse portfolio segments. Includes cohorting, portfolio segmentation, flexible discounting, specific review and qualitative adjustments.
Statistical Macroeconomic Models includes fully tested, third-party verified and fully documented models for complete transparency and appropriateness for financial reporting. Integrates multiple scenarios to both weigh the results and to use as challenger models.
Robust Reporting and Analytics includes all required allowance disclosures under current U.S. GAAP and CECL, customized for institutions, and supports internal management packages and ad-hoc analytics with best-in-class business intelligence tools.