A strategic CECL compliance solution

Current Expected Credit Loss (CECL) standards compel financial institutions to think about credit risk in new and more timely ways. It requires different bank departments to work together on a continuous basis and maintain data lineage.

OneSumX CECL is a modular solution that can be used to cover gaps in your existing CECL accounting systems. As a strategic platform for full end-to-end CECL compliance or for specific use-cases as needed. Get full data visibility and auditability in an open architecture that easily integrates with external systems. Our solution features centralized data management. It implements data quality checks in a proactive way, to ensure your teams are always using the most trusted data. A single solution that has the flexibility to behave like many smaller ones. It allows data to be shared and manipulated – for analysis, forecasting, budgeting and planning – in ways that conform to the needs of each part of an organization. It has the technical and functional scalability to move firms from a tactical to more strategic approach to manage CECL compliance.

server connected desktops screens icon
Improved operational efficiency

A single source of truth both for your accounting generating, regulatory disclosures and BI reporting. Reduce the time and effort to bring the data to the end users.

laptop workstation checks checklist tick icon
Better insights

Focus on reporting and obtaining insights instead of on data preparation with our end-to-end solution.

coins cash money pile icon
Low risk implementation

Pre-configured USGAAP accounting templates, data classification rules for regulatory disclosures and our domain expert support will reduce implementation effort and time.

people interview laptop desk icon
A strategic solution

Implement CECL with our solution, and gain an excellent foundation to implement additional finance, risk and regulatory use cases in an incremental and cost efficient way.

Current Expected Credit Loss Standards (CECL): what you need to know

OneSumX CECL provides a range of benefits for impairment and current expected credit loss model support. The solution helps your team to:

  • Develop and build up a current expected credit loss model that needs to be run in multiple scenarios
  • Execute expected credit loss calculations and accounting which can work with expert judgment or Q factors
  • Apply available for sale calculations and accounting
  • Disclose FASB requirements
Businessman discussing strategy with female colleagues in office

OneSumX CECL features

OneSumX CECL helps you to fulfil all of the Financial Accounting Standards Board’s (FASB’s) disclosure requirements. Our integrated and fully auditable system not only helps to reduce month-end costs, but also automates classification through flexible business rules and provides an end-to-end view of the CECL process.

Develop and build up a CECL model that can be run in multiple scenarios. Expand the usage and functionality of our modular solution at your own pace. So you can go live on a pragmatic basis, allowing for future solution leverage.

Our CECL solution is part of our comprehensive OneSumX for Finance portfolio which performs all required financial industry-specific calculations and processes. It streamlines accounting from event to disclosure in a fast, transparent and fully-controlled way. And it further supports firms in their strategic planning, budgeting and forecasting through simulations and analytics.

  • Defining data requirements and sourcing

    • Wide contract and event data management capabilities
    • Processes, monitors and generates information on a wide range of financial products and events
    • Covers the entire product life cycle, from the purchase of credit-impaired assets to partial loan prepayment or restructuring.

  • Credit risk assessment

    • Includes capabilities from advanced PD/LGD models through to re-usage
    • Adjusts historical loss methodologies such as vintage analysis, loss rate or net flow rate as proposed in the accounting standard
    • Allows for assessing credit risk on an individual or collective basis, given the similar risk characteristics of the contracts under assessment
    • Incorporates embedded stress testing and scenario management capabilities.

  • ECL calculation and processing

    • Works out the specific compliant Expected Credit Loss calculation methodologies
    • Includes discounted cash flow or a fully advanced PD/LGD model
    • All calculations are possible at the contract level
    • Can incorporate complex expert judgement to achieve the required accuracy in calculations, analysis and control requirements.

  • ECL Qualitative Factor overlay

    • Define and weight qualitative factors and change their input values over time
    • Apply qualitative factors to the PD or loss rate curves
    • Apply management adjustments based on qualitative factors after the ECL calculation.

  • Scalable, flexible and auditable framework

    • Technical and functional scalability to move firms from a tactical towards a strategic solution for CECL compliance
    • Combination of term structures based on forward-looking and historical extrapolation methodologies
    • Expected Credit Loss calculators are flexible enough to work with expert judgement or macroeconomic scenarios.

  • Disclosure FASB requirements

    • Combines the lifecycle information on each individual financial instrument with a transparent and auditable contract level CECL accounting sub-ledger and powerful reporting tools
    • Offers full transparency and traceability that fully satisfies internal and external audit needs, including all disclosures as defined by the FASB.

Regulatory newsletter

From evolving Basel standards to emerging regional regulations, our curated content keeps you well-prepared for what lies ahead. Explore timely updates, all in one place.
Subscribe to Newsletter

OneSumX events
and webinars

Keep up to date with news, webinars and events in financial risk, regulatory & reporting. Explore detailed analysis, expert commentary and perspectives — all in one place.
Sign-Up Today
Related Solutions

  • Article
    Compliance
    Finance
    June 09, 2025

    Is data your bank’s biggest liability? 

    Is your data a liability or a strategic advantage? Learn how data governance in banking helps reduce compliance risk, support AI initiatives, and strengthen financial decision-making.
    Learn More
  • Article
    Compliance
    Finance
    May 01, 2025

    The CFO Guide: Finance transformation for banks

    See how 5 banks redefined Finance - cutting systems, streamlining data, and automating compliance. The CFO's guide shows you how to do the same.  
    Learn More
  • Article
    Compliance
    Finance
    March 24, 2025

    Navigating liquidity challenges: The future of asset liability management

    Asset Liability Management (ALM) is no longer just about risk mitigation. Discover how evolving regulations and global events are pushing ALM to become a cornerstone of financial strategy.
    Learn More
  • Article
    Compliance
    Finance
    February 14, 2025

    Chartis regulatory reporting solutions: Wolters Kluwer OneSumX leads the way

    Discover why Chartis ranked OneSumX as a leading regulatory reporting solution, delivering AI-driven compliance, data consistency, and multi-jurisdictional coverage.
    Learn More

Dynamic Cards

  • Flowing and converging blue particle lines
    Solution Detail
    OneSumX IFRS 9
    A solution that implements the full International Reporting Standard 9 (IFRS 9) providing an established framework that manages IFRS calculations, accounting generation, and processing, ensuring compliance now and for the future.
    Learn More

Downloads

Browse all OneSumX FRR downloads
OneSumX CECL Solution Primer
OneSumX CECL Solution Primer
CECL Evaluation Worksheet
CECL Evaluation Worksheet
OneSumx for Finance Overview Brochure
OneSumX for Finance Overview Brochure
Request More Information

  • No obligation. Talk to an expert about your specific business and implementation needs.

  • Your details will not be shared. We will only contact you about OneSumX FRR solutions.

  • Opt out, or change preferences, at anytime.

Back To Top