CECL 3602018-08-31T17:03:16+00:00

CECL 360

Our NEW web-based software solution, PrismPremier CECL 360—an innovative software designed specifically to address the full spectrum of FASB’s Current Expected Credit Losses (CECL) standard.

CECL 360 | Your software solution for CECL calculations
 
PrismPremier is ready to help your institution improve the sophistication of your current ALLL calculation, plan for CECL adoption, and implement the new CECL requirements.
 

Are you CECL-ready?

More complexity and increased scrutiny is expected under this new standard. Spreadsheets just won’t cut it anymore. Now is the perfect time to consider a software-driven solution.

PrismPremier CECL 360 software equips you with the information, expertise, and complete view of your portfolio that is essential.

SEC Filing Institutions

CECL Implementation for SEC Filing Institutions

Non-SEC Filing Public Business, Not-For-Profit* and Other Entities*

CECL Implementation for Non-SEC Filing Public Business, Not-For-Profit* and Other Entities*

*For Not-For-Profit and Other Entities, CECL will be effective for the fiscal years beginning after December 15, 2020, and effective for interim periods within fiscal years beginning after December 15, 2021.

Key Benefits
Key Benefits

PrismPremier CECL 360 software provides you with all the information you need on demand.

Created by the developers of PRISM: The ALLL Calculator®, CECL 360 was designed collaboratively by a team of experienced financial industry professionals and seasoned technology specialists to make the transition from ALLL to CECL seamless. Our solution is customizable and provides you with a 360° view of your allowance calculation instantaneously.

PrismPremier CECL 360 software provides you with all the information you need on demand.

Created by the developers of PRISM: The ALLL Calculator®, CECL 360 was designed collaboratively by a team of experienced financial industry professionals and seasoned technology specialists to make the transition from ALLL to CECL seamless. Our solution is customizable and provides you with a 360° view of your allowance calculation instantaneously.

PrismPremier CECL 360 offers • Asset Pool and Individual Loan Analysis • Dynamic Filtering Capabilities • Interactive Graphs • Detailed Reporting
 
CECL 360 offers:
  • Asset Pool and Individual Loan Analysis
  • Dynamic Filtering Capabilities
  • Interactive Graphs
  • Detailed Reporting
 
CECL 360 enables you to access historical information, adjust for past events and future conditions, and develop “reasonable and supportable” forecasts of current expected credit losses over the life of each asset.
PrismPremier CECL 360 Summary Table
PrismPremier CECL 360 is a powerful tool that allows you to customize your CECL analysis.
 
CECL 360 is a powerful tool that allows you to customize your CECL analysis. You can select the appropriate methodology for each asset pool and any subcategories of asset pools that you create.
 
CECL 360 offers Loss Rate Methods (e.g., Vintage, Static Pool and Remaining Life), as well as Non-Loss Rate Methods (Discounted Cash Flow and Probability of Default). This allows your institution to customize its calculations based on available data and your institution’s needs.
PrismPremier CECL 360 offers Loss Rate Methods
PrismPremier CECL 360 Calculation Remaining Life
PrismPremier CECL 360 offers • Asset Pool and Individual Loan Analysis • Dynamic Filtering Capabilities • Interactive Graphs • Detailed Reporting
 

CECL 360 offers:

  • Asset Pool and Individual Loan Analysis
  • Dynamic Filtering Capabilities
  • Interactive Graphs
  • Detailed Reporting
PrismPremier CECL 360 Summary Table
 

CECL 360 enables you to access historical information, adjust for past events and future conditions, and develop “reasonable and supportable” forecasts of current expected credit losses over the life of each asset.

PrismPremier CECL 360 is a powerful tool that allows you to customize your CECL analysis.
 

CECL 360 is a powerful tool that allows you to customize your CECL analysis. You can select the appropriate methodology for each asset pool and any subcategories of asset pools that you create.

PrismPremier CECL 360 offers Loss Rate Methods
PrismPremier CECL 360 offers Loss Rate Methods
 

CECL 360 offers Loss Rate Methods (e.g., Vintage, Static Pool and Remaining Life), as well as Non-Loss Rate Methods (Discounted Cash Flow and Probability of Default). This allows your institution to customize its calculations based on available data and your institution’s needs.

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