White Paper
CECL: Don't Neglect the Fundamentals
presented by SAS
White Paper
presented by SAS
Firms that proactively implement a CECL process that is controlled, efficient, collaborative and sustainable will find themselves with a competitive advantage over time. The long-term benefits of this holistic approach are multifaceted:
• Fewer resources needed for regular monthly/quarterly ALLL production.
• Faster turnaround to address questions from management, auditors and regulators.
• Reduced opportunities for audit or regulatory findings.
• Fewer key person risks.
• Greater flexibility to adapt to maturing interpretations of the standard and emerging best practices.
• Reduced maintenance costs.
• Improved collaboration between development, validation and production teams.