abrigo.com CHALLENGE Before pursuing a new solution, Bank Independent was using an Excel-based model to calculate its monthly allowance for loan and lease losses. While this solved for what they needed at the time, the system was inefficient, and it took a full week to calculate and check the allowance. As so many other institutions using this method experience, Bank Independent faced a time-consuming and cumbersome calculation process, the possibility for user error and data security breaches, as well as the impending data requirements of the CECL model for the calculation coming down the pipeline. SOLUTIONS Bank Independent purchased Sageworks ALLL in January 2017, and, with the help of the Abrigo integration team, were live just two months later despite having move

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