CECL Consulting Services

CECLsimplified

Current Expected Credit Losses Consulting Services

Uncertain about next steps? BKD Advisors can help you successfully implement CECL with CECLsimplified.

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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. to learn how.

 

Learn More About Our Solution

With the CECL adoption deadline for all institutions quickly approaching, you may be seeking a tool to assist you with implementation. Our team created a weighted-average remaining maturity (WARM) template designed to be understandable, customizable, and technically sound. BKD has assisted institutions of various sizes, complexities, and composition through CECL. Our advisors have created an implementation approach designed to be educational, complete, lean, and customized.

Ready to Get Started?

Have a CECL question? Ready to schedule a consultation? We have answers and can help as you begin your CECL journey. Contact us to get matched with one of our trusted advisors and receive the timely insight you need.

How can we help you?

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Locations

We have 40 offices in 18 states, with BKD Trusted Advisors™ who offer solutions for clients across the country.

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