Case Study

Top-30 bank holding company takes a holistic approach to IFRS 9 Impairment and CECL transition with EVOLV Reserving Solution

Top-30 bank holding company takes a holistic approach to IFRS 9 Impairment and CECL transition with EVOLV Reserving Solution

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SS&C Primatics: Case study Top-30 bank holding company takes a holistic approach to IFRS 9 Impairment and CECL transition with EVOLV Reserving Solution SS&C Primatics transforms bank’s end-to-end allowance process with unified accounting platform, EVOLV. Business challenges Limited reporting capabilities – aging legacy system unable to sufficiently support analysis of modeled results, perform scenario analysis, and project reserves Manually intensive processes – manual overrides, extensive data updates, and reconciliations regularly performed to compensate for outdated reserving system New accounting pronouncements – need to replace existing systems and processes in preparation for transition to IFRS 9 Impairment and FASB’s CECL standard Multiple reporting perspecti

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