Transitioning your ALLL to CECL
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
On average, financial institutions spend 77% less time on their allowance calculations with the MST Loan Loss Analyzer platform.
65% of institutions using Excel to calculate their ALLLs will adopt a software solution for CECL.
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.
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.