Case Study

SS&C Primatics: Case study $4B Community bank relies on trusted partner for their CECL Allowance

SS&C Primatics: Case study $4B Community bank relies on trusted partner for their CECL Allowance

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SS&C Primatics: Case study $4B Community bank relies on trusted partner for their CECL Allowance 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 their expertise to assist the bank in the development of an appropriate adjustment incoporating the impact of COVID. Our EVOLV EA solution provided multiple layers of macroeconomic modeling functionality for the reasonable and supportable forecast. Benefits achieved Business challenges Functionality implemented Compliance with new accounting pronouncement – Need to implement a new reserving process to comply with ASC 326 (“CECL”) standard Implementation with a trusted partner

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