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Sageworks Portfolio Risk Solution

Preparing for CECL and expected credit losses

 

The Financial Accounting Standards Board (FASB) finalized the current expected credit loss (CECL) standard. This new CECL standard brings new requirements for the ALLL; learn about the changes in this on-demand webinar.


Key Capabilities

  • Comprehensive portfolio reporting from a single source
  • Process transparency for succession planning
  • Flexible ALLL model to fit the institution's calculation
  • Advanced loss rate methods, including vintage, migration, PD/LGD and Loss Emergence Period
  • Defensible documentation for assumptions
  • Qualitative adjustment matrix for directional consistency
  • Automated reporting for financial disclosures
  • Single ALLL platform for originated and purchased loans
  • Advanced credit risk analytics and dashboards
  • Flexible stress testing scenarios for top down and bottom up reports
  • Forecast to anticipate changes in the reserve and capital

More portfolio risk resources

CECL Prep Kit
Accounting for Purchased Loans
Actionable Stress Test Results

Hear from our clients

Save time on analysis

Jonestown Bank & Trust was having trouble pulling interim calculations while working in Excel spreadsheets. After they switched to Sageworks they were able to pull reports more quickly, as needed.

"Previously with Excel, if we wanted to look at a monthly interim calculation, we would have to run the core reports and manually input them. With Sageworks, the numbers are inside the software and available with just a few clicks of a button - giving us significant quarterly time-savings."

Rhoda Lauver
Jonestown Bank & Trust

Consistent and transparent methodology

West Texas National Bank was under pressure to show concentration risk management in the form of stress tests, but the institution struggled with data management.

"Sageworks Stress Testing is an efficient way to stress different levels of our portfolio. Since purchasing the solution, examiners have been very happy, making life easier for us."

Kristen Beggs
West Texas National Bank

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