When it comes to meeting CECL regulations, what do a $400M bank, a $7B credit union and a service bureau all have in common? All are moving forward with ZM Financial Systems’ CECL solutions to meet the forthcoming regulatory demands. These institutions will be:
- Obtaining greater flexibility in preparing their CECL results as the application allows for multiple methodologies
- Gaining insight into which metrics are leading or current indicators of losses for their portfolios with the Historic Economic metric offered (standard with the solution)
- Utilizing historic data ranges/different historic periods to better align with expected economic forecasts
With the addition of CECL capabilities in our flagship solution ZMdesk, and the launch of our OnlineCECL web-based solution, ZMFS continues to meet the current and future needs of the financial industry in both functional use and technology delivery.
#ExploreZMFS and learn how you can bring value to your institution by using one platform with countless solutions.