Transitioning your ALLL to CECL
WITH CONFIDENCE
We’re here to help with a software platform and years of industry leadership to support a smooth and efficient transition to the CECL-compliant model best suited to your financial institution and loan portfolio.
Let MST, the pioneer and leader in reserve automation, guide your
Bank or Credit Union through the Seven Steps to implementing CECL
with the Loan Loss Analyzer software platform.
Seven Steps to a CECL-Compliant Model
The Solution: MST
INCREASED EFFICIENCY
On average, financial institutions spend 77% less time on their allowance calculations with the MST Loan Loss Analyzer platform.
ADOPTION
65% of institutions using Excel to calculate their ALLLs will adopt a software solution for CECL.
TRUSTED
Over 300 Banks and Credit Unions from across the U.S. trust MST for allowance solutions.
LOAN LOSS ANALYZER
Our software solution provides your financial institution a reliable, repeatable process for determining your ALLL and satisfying regulatory requirements while eliminating the demands and concerns associated with manual processes. And sets you up for an easy transition to CECL.
MST ADVISORY SERVICES
MST’s Advisory Services offers access to an unparalleled group of industry-leading allowance experts, dedicated to supporting financial institutions in both complying with current U.S. GAAP standards, as well as preparing for the move to the new Current Expected Credit Loss (CECL) standard.
THE VIRTUAL ECONOMIST
MST’s Virtual Economist provides access to the latest economic data to easily find out what indicators matter to your institution. This powerful tool allows you to see trends in your loan portfolio and satisfy the economic forecasting, forward-looking requirement of CECL.
Very simply- we have not had a single criticism of our ALLL methodology, process, or adequacy by regulators or auditors since the implementation of the Loan Loss Analyzer software platform.
We often say around here that MST Loan Loss Analyzer changed our lives. Before our reserve process was very manual and stressful and involved lots of going back and forth between several departments. It would take us two days each month-end to complete the calculation and we would spend several other days compiling disclosure reports. After implementation of the Loan Loss Analyzer, the whole process runs like a well-oiled machine.
We were looking for a solution to build efficiencies and improve accuracy. MST was able to meet those needs with the Loan Loss Analyzer platform. MST has proven to be a very collaborative partner with impeccable service. They have a full understanding of GAAP and regulatory requirements and can discuss our issues as well as explain the solutions in a way that is clear and easy to interpret.
We would rate MST follow-up and support as ‘excellent.’ Both the implementation team and the long-term support team have been very responsive to our requirements and requests.
MST Academy
The MST Academy provides access to articles, webinars, blogs, conference presentations and other educational materials developed by MST in fulfillment of our commitment to be the primary educational resource for financial professionals on the allowance for loan and lease losses, including CECL and the challenges involved in transitioning to the new accounting standard.
CECL Impact Beyond Implementation
Larry Sorensen, Washington Trust CFO, discusses CECL impact beyond implementation.
CECL: Game On
Download the 2018 National CECL Conference interactive digest whitepaper with [...]
2018 CECL Survey of Financial Institutions
Find out what your peers are thinking about CECL and how your institution compares.
CECL- Practical Modeling Examples Webinar
Regan Camp, Managing Director of [...]