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:
The Eide Bailly CECL Solution is the best model for community banks due the ease of use and the high value compared to the competitive price of the model. Other models on the market are very expensive with initial fees of up to $30,000 in addition to annual $10,000 fees for support. In addition, they take too much time to set up and need to be updated monthly.
With the Eide Bailly CECL Solution, it took me a few hours to pull the data and then about an hour per tab to input the numbers, environmental factors and the supporting explanations. Our bank also benefits by being able to segment our loan portfolio into 15+ categories with the idea that if we do have any losses we can isolate it to the smallest pool possible and not affect the rest of the portfolio rather than being stuck with call report categories that other products offer.