Current Expected Credit Loss (CECL) Extract​

At Suntell, we are committed to helping our customers manage their credit risk and streamline their workflow. That’s why we developed the CECL Extract feature of our Square 1 Credit Suite platform.

 

The CECL Extract feature is a powerful tool that allows financial institutions to easily extract data from their loan portfolio in order to perform analysis and meet reporting requirements. This is especially important for institutions that are required to comply with the Current Expected Credit Loss (CECL) accounting standard, which requires them to estimate and provide for expected credit losses on financial instruments.

 

With the CECL Extract feature, our customers can choose the file type and layout of their data extract, and select the specific fields they want to include. This gives them the ability to customize the extract to meet their specific needs and preferences. They can also extract customer, loan, collateral, and spread data in a flexible format, enabling them to perform a wide range of analyses and reports.

 

In addition to extracting data on demand, the CECL Extract feature also allows our customers to schedule regular extracts of their data at predetermined intervals. This helps them to stay up-to-date with their portfolio performance and maintain compliance with the CECL standard.

 

There are many benefits to using the CECL Extract feature from Suntell. It can help financial institutions to:

 

  • Save time and resources: By automating the process of extracting data, our customers can save time and resources that would otherwise be spent manually gathering and organizing information.
 
  • Customize their data extract: The ability to choose the file type, layout, and fields included in the extract allows our customers to tailor the data to their specific needs and preferences.
 
  • Stay up-to-date: Regularly scheduled extracts can help institutions to stay up-to-date with their portfolio performance and maintain compliance with the CECL standard.
 
  • Perform a wide range of analyses and reports: The flexible format of the extract allows our customers to perform a wide range of analyses and reports, enabling them to better understand and manage their loan portfolio.
 

Overall, the CECL Extract feature is a valuable tool for financial institutions looking to efficiently and effectively extract data from their loan portfolio for analysis and reporting purposes. We believe it is a key component of any comprehensive credit risk management program, and we are confident that it can provide significant value to our customers.

Suntell surpassed our expectations. Not only with their software, but with their customer service as well. The rule of thumb I always ask myself after a software installation is, ‘would I make the same decision again,’ and in this case there is no doubt whatsoever, we definitely made the right decision.

Trisha L Vice President Agriculture and Commercial Lending

Identify

Ensure credit-granting is in line with your institution’s credit risk strategy with an in-depth credit analysis of your borrowers.

Measure

Quantify the credit risk on and off the balance sheet with ratios, custom measures and scoring.

Monitor

Keep a pulse on credit risk over time by viewing changes in risk ratings.

Control

Integrate your analyses seamlessly with loan committee presentations and the approval process.

Customer-Reported Results

1 %

of our customers experienced improved asset quality

1 %

of our customers reported improved ROA

1 %

of our customers experienced improved efficiency

1 %

of our customers reported we had helpful customer support 

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