Knowledge Center

Latest Events & Webinars

Date: Jun 22, 2022

Time (EST): 2:30 pm

- 3:30 pm

Resources: Insight Unlocked

ASC 326 Current Expected Credit Loss (“CECL”) brought many changes to the allowance process but one item that remained the same: the need for qualitative factors.
This whitepaper will take the opportunity to debunk some of the misconceptions or myths in the market surrounding CECL. Our insights come from what we have seen from those institutions that have already adopted CECL as well our clients we are currently assisting with implementation.
This whitepaper details updates to key data points and analysis from 12/31/2020 (shown in prior publications) through 6/30/2021.

Articles: Valuant POV

On March 31, 2022 FASB issued an ASU with the intentions of improving the decision usefulness of information provided to key stakeholders about certain loan refinancing's, restructurings, and write-offs.
On February 2, 2022 the Financial Accounting Standards Board met on the proposed updates related to the CECL adoption timeline, the elimination of the recognition and measurement of troubled debt restructurings for creditors that have adopted CECL...
Before settling on a solution that may likely cause more questions, heartburn, and costs, consider the ValuCast proposition…a proven and defendable model with only 8 loan fields, 15 clicks, and 1 hour per quarter.

Case Studies: Data in Action

FirstBank, an established client, was aware of the reliable products and services Valuant offered. When FirstBank needed to improve their loan review process, they knew that Valuant could be a suitable partner. Their original process included many manual tasks, whereas Valuant's software provided automation, lending greater insights and results.
1st Security knew they would have to adopt CECL by 2023. They began their CECL adoption process with Valuant in April 2021 and had a fully implemented solution by January 1, 2022.
After an unsatisfying CECL adoption process with another provider, First Mid found a long-term solution with all the functionality they required with Valuant.

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