Case Study

SS&C Primatics: Case study $1B Community Bank picks EVOLV for flexibility in CECL calculation

SS&C Primatics: Case study $1B Community Bank picks EVOLV for flexibility in CECL calculation

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SS&C Primatics: Case study $1B Community Bank picks EVOLV EA for flexibility in CECL calculation SS&C Primatics facilitates a bank’s allowance process with a powerful, purpose-built CECL solution leveraging embedded macroeconomic models and current forward-looking forecasts. SS&C Primatics provided multiple layers of macroeconomic modeling functionality and expertise to assist the bank in the development of an appropriate adjustment to incorporate the impact of COVID on the reasonable and supportable forecast Benefits achieved Business challenges Functionality implemented Compliance with new accounting pronouncement – Need to replace existing systems and processes in preparation for transition to FASB’s CECL standard Implementation with a trusted partner – Want to implemen

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