CECL Implementation | Current Expected Credit Loss
Expertise and Guidance That Go Beyond Software.
CECL FIT is designed to help you comply with the new CECL accounting standard. Our web-based solution, CECL FIT, combined with our PCBB Advisors, will guide you through the steps to determine the appropriate calculation that’s most reflective for loss for your loans and securities groups.
CECL FIT, a robust, web-based solution, gives you a customizable executive dashboard to review your portfolio reserve, easily test your assumptions, and see instant results. Institutions with low or no loss history can get started quickly and see which works best for each unique loan segment.
- Instantly see the impact of adjustments on a customizable executive dashboard
- Run all methods simultaneously and estimate the impact on different segmentation and overall allowance
- Assess impact of reserves due to securities
- Embedded data sources to assist institutions to build defensible and transparent documentation
- Our banking advisors can get you “exam-ready” for CECL
Details on PCBB’s CECL Solution
I am delighted with CECL FIT, which gives us the tools to make those big decisions and see the impact on our reserve.