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.