EVOLV Reserving

Automate the end-to-end reserving process and capture
critical credit information via a controlled workflow.

SS&C Primatics’ EVOLV Reserving Solution (EVOLV) is the only solution that holistically addresses the entire end-to-end reserving process in a SOX-controlled manner. EVOLV provides a centralized platform for automating the end-to-end reserving process and integrates risk and finance functions for downstream reporting needs.

End-to-end reserving

EVOLV addresses all aspects of the reserving process from data management to model execution, and disclosures and analytics. EVOLV supports multiple reserving standards under U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) including:

  • ASC 450 (FAS 5)
  • ASC 310-10-35 (FAS 114)
  • ASC 310- 30 (SOP 03-3)
  • CECL
  • IAS 39
  • IFRS 9 Impairment
Data management
Model execution
Reporting & analytics

Cleanses, normalizes, and prepares data for use by models, reporting, and analytics

Applies custom business-rules to enrich, clean, complete, tag, and transform data prior to processing and reporting

Identifies and resolves data errors through quality control reports

Aggregates instruments for collective evaluation and identifies assets for individual evaluation based on user defined criteria

Conforms with Basel Committee on Banking Supervision’s “Principles for Effective Risk Data Aggregation and Risk Reporting” (“BCBS 239”) standards

Tracks and maintains asset records (e.g., data lineage) from the original source, transforming to its ultimate use

Hosts all models used for reserving and credit risk management in one place

Supports SS&C Primatics’ models, third-party models, and client-built models

Integrates with models via model API

Includes cohorting, portfolio segmentation, flexible discounting, specific review, and supports qualitative adjustments

Stores full audit trail of model runs, backtest models as specified by the user

Generates rapid results with high-performance grid computing

Includes all required allowance disclosures under current U.S. GAAP and CECL, customized for your institution

Supports internal management packages and ad-hoc analytics

Compares results between scenarios or periods using attribution analysis, migration analysis, and scenario analysis

Integrates directly with Microsoft Office tools, exportable to PDF or Excel

Includes 100+ customizable reports, 3,000+ attributes and business calculations available for out-of-the-box reporting

Allows for optional delivery of scheduled reports automatically via email

Cleanses, normalizes, and prepares data for use by models, reporting, and analytics

Applies custom business-rules to enrich, clean, complete, tag, and transform data prior to processing and reporting

Identifies and resolves data errors through quality control reports

Aggregates instruments for collective evaluation and identifies assets for individual evaluation based on user defined criteria

Conforms with Basel Committee on Banking Supervision’s “Principles for Effective Risk Data Aggregation and Risk Reporting” (“BCBS 239”) standards

Tracks and maintains asset records (e.g., data lineage) from the original source, transforming to its ultimate use

Hosts all models used for reserving and credit risk management in one place

Supports SS&C Primatics’ models, third-party models, and client-built models

Integrates with models via model API

Includes cohorting, portfolio segmentation, flexible discounting, specific review, and supports qualitative adjustments

Stores full audit trail of model runs, backtest models as specified by the user

Generates rapid results with high-performance grid computing

Includes all required allowance disclosures under current U.S. GAAP and CECL, customized for your institution

Supports internal management packages and ad-hoc analytics

Compares results between scenarios or periods using attribution analysis, migration analysis, and scenario analysis

Integrates directly with Microsoft Office tools, exportable to PDF or Excel

Includes 100+ customizable reports, 3,000+ attributes and business calculations available for out-of-the-box reporting

Allows for optional delivery of scheduled reports automatically via email