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.
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.
QUALITY
Accuracy
Confidence in knowing that your reserve calculations will be accurate every time.
Detailed Reporting
Clear and concise documentation of your calculations and supporting data.
FLEXIBILITY
Adaptability
Not every institution is the same; your calculations shouldn’t be either. CECL 360 can be customized to meet your needs.
Multiple Methodologies
Select the best method for each asset group based on your institution’s profile, risk pools, and data sets.
SIMPLICITY
Ease of Use
Calculations at your fingertips. Web-based software that maintains your progress as you complete your calculations.
Efficiency
CECL 360 facilitates a thorough, consistent and repeatable process.
QUALITY
Accuracy
Confidence in knowing that your reserve calculations will be accurate every time.
Detailed Reporting
Clear and concise documentation of your calculations and supporting data.
FLEXIBILITY
Adaptability
Not every institution is the same; your calculations shouldn’t be either. CECL 360 can be customized to meet your needs.
Multiple Methodologies
Select the best method for each asset group based on your institution’s profile, risk pools, and data sets.
SIMPLICITY
Ease of Use
Calculations at your fingertips. Web-based software that maintains your progress as you complete your calculations.
Efficiency
CECL 360 facilitates a thorough, consistent and repeatable process.
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.
CECL 360 offers:
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Asset Pool and Individual Loan Analysis
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Dynamic Filtering Capabilities
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Interactive Graphs
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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.
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.
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.
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.