ACL Calculator is a hosted solution that allows a client to perform a detailed forecasted allowance calculation effortlessly.
We know that the time, effort, and cost for implementing this standard will be an ongoing process that requires more complex and controlled systems. Our ACL Calculator’s two platforms address current accounting standard requirements and the impending CECL standard.
Leverage the Incurred Loss Model to transition to CECL and process concurrently to seamlessly evolve your allowance modeling and methodology.
CECL Application
ARCSys provides best in class CECL modeling and forecasting
Concierge Implementation Service
Our Implementation Team Accountants will work with you to load your data, find gaps and errors, verify, reconcile, and validate your data in the system.
Life Cycle Model Based
Our models are based on contractual term life cycles in order to get an accurate view of your institutions history and full economic cycle effects.
Advanced Analytics
Because CECL requires forecasting, our advanced analytics not only help you understand your history but also provide predictive analysis to make meaningful business decisions.
Financial Reporting
Customizable and full financial statement reporting for loans and investments
Guided Annual Statistical Model Realignment
Our Statistical Team will annually review and realign your modeling and provide an updated segment class analysis, as well as forecast analysis and guidance.
Reasonable and Supportable Evidence
The system provides auditors with everything they need to conduct an in-depth review of your allowance calculations including support for models and forecasts.
Data Warehouse
The new ARCSys BI tool leverages your dataset to provide analytics that go beyond CECL – including KPI tracking and industry benchmarking.
Standard Visualizations
Our standard analytics provide insight into your historical data and current data and extend beyond CECL to assist with loan pricing and various reporting needs across your institution. The standard visualizations are displayed based on lifecycle and reporting period datasets.
Customizable Visualizations
Data points from your disparate data sources such as various core files, spreading software, and credit bureau data are all aggregated into a single repository for dynamic analytics and CECL modeling.
Institutions can also develop their own customized analytics using their data, or using the ARCSys anonymized data set that supports internally developed KPI measures.
Access to ARCSys Anonymized Dataset
ARCSys provides summarized institutional data from all ARCSys clients for benchmarking against other institutions based on similar asset size, geography and portfolio composition as well as supplementing their CECL model if necessary.
Revisable Datasets
Your data can be updated for new data fields and appended to include data from mergers, and acquisitions.
Concierge Implementation Service
The ARCSys Implementation Team will train you on utilization of the Data Warehouse to maximize its value to your institution.
Reasonable and Supportable Documentation
The additional analytics will help you support your CECL calculation and model configuration.
Get Started Today
Make sure your institution is prepared, start your CECL discussion today.
Incurred Loss Model Application
ARCSys software not only reduces the time and resources needed to generate best of breed responses to regulatory, accounting and compliance requirements but in doing so; the ARCSys solutions expand and enhance client core competencies thus allowing clients to reallocate existing resources to reduce expenses / increase income.
ARCSys provides additional value by combining accounting support, risk management, and modeling into intuitive applications with data warehousing functionality.
Easy To Use
The Incurred Loss Model allows you to build your methodology into the system. The system then uses your methodology to migrate your risks.
Step-By-Step Setup
Work with our Implementation Team Accountants to have your loan and charge-off files corrected, confirmed, and uploaded into the system.
Reporting
Pull over 30 customized analytical reports using your institutions data.
Risk Migration
Using your credit quality indicators, migrate your risk over any period, segment, and class within your loan portfolio.
Static Pool Analysis
Using your segments and classes, prepare a static pool analysis over any loan origination period.
Regulations
Meet all of your SFAS 5 and SFAS 114 regulatory and GAAP accounting requirements.
Why ARCSys?
Put the CECL Dream Team behind you
- Creators and authors of the National AICPA CECL Accounting course
- Industry acknowledged CECL experts
- NAFCU’s preferred CECL provider
- All reports and models customized using YOUR data
- Clients get step-by-step help during implementation by having their data loaded for them
Calculating the allowance under CECL is complicated
Our support doesn’t end after implementation.
We’re on your team
Our CECL experts work as an extension of your team, making certain our solution is customized to meet the needs of your financial institution. Together we can work to reduce the stress of your experience for you and your CECL team.
We won’t leave your side
After understanding what your institution needs, we will walk you step-by-step through our implementation process, tackling each task together. Once implemented into our system, we partner with you through your CECL allowance calculation and continue to optimize your adjustment.
Concierge Implementation Service
Get Started
Join us for a live,
personalized product demo!
Our accountants will walk you through the product suite and answer any questions you have about ARCSys.
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