The Eide Bailly CECL Solution is easy to implement and use while still giving you customizable tools for your unique needs. Utilizing a spreadsheet model that uses the vintage analysis methodology, the Eide Bailly CECL Solution:
Is completely customizable to whatever loan pools you have created.
Requires minimal data points while still supporting complex loan portfolios with many risk pools.
Contains tools to analyze loans individually that may either be considered impaired under the new definition or is a loan that does not fit into one of the other risk pools.
Can calculate loan losses for open-ended lines of credit.
Has built-in security features to prevent unwanted formula changes.
In this time of constant change and business disruptions, the cost of a breakdown in even one internal control in a high-risk area has the potential to be quite significant. Think about the potential impact of a control not functioning as intended…
This newsletter's topics include: Conversation with Bill Stovall, Bitcoin 101: A Primer on One of the Hottest Cryptocurrencies, Tax Reform: Perspective From A Banker, Tips for CECL Preparation, Regulatory Relief Efforts Highlight Shifting Tide in…