A Sensible CECL Solution Tailored to Your Institution
We understand CECL implementation can be complicated and challenging. Many financial institutions may feel as though the CECL standard is not intended for the size and complexity of their institution. While there are a variety of powerful software applications in the marketplace, you may question if the cost and complexity of these options can really provide you with an economical solution that makes sense with your institution’s current credit risk monitoring processes.
Over the last couple of years, complex theory on the application of the accounting standard has been normalized by early adopters, which has been applied to smaller and less complex institutions. While software applications and statistical modeling can benefit an institution and provide insight into loss trends, your institution may desire a more practical solution. CECLsimplfied can provide just that.
BKD’s CECL professionals have developed a solution that delivers both practicality and support and is designed specifically for community financial institutions. Our straightforward CECL tool can be combined with the expertise of a BKD Trusted Advisor™ who can assist you with the development and documentation of your unique CECL calculation. Contact us to learn how.