Overview
What is Abrigo ALLL?
Abrigo ALLL (formerly Sageworks ALLL) is a solution for loan allowance and lease loss calculation and is targeted for banks and credit unions. It is designed to help streamline the reserve calculation while providing a consistent analysis that is defensible…
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What is Abrigo ALLL?
Abrigo ALLL (formerly Sageworks ALLL) is a solution for loan allowance and lease loss calculation and is targeted for banks and credit unions. It is designed to help streamline the reserve calculation while providing a consistent analysis that is defensible to auditors, examiners & the board.
According to the vendor, this solution enables users to do the following:
- Spend 80% less time on the ALLL
- Reduce manual errors & examiner criticism
- Institutionalize the ALLL so it's not dependent on a single person or spreadsheet
- Integrate with a full suite of solutions to manage the life of the loan
- Leverage an award-winning support & implementation team
Abrigo ALLL Features
Additional Features
- Supported: Calculates of bank & credit union's allowance for loan and lease losses (ALLL)
- Supported: Supports multiple loss rate methodologies: historical loss, migration analysis, vintage analysis, PD/LGD
- Supported: Systematizes and documents loss rate adjustements through qualitative factor adjustements
- Supported: Documents indiviudal loan impairment analyses to comply with regulations
- Supported: Maintains compliance with ASC 310-10 and ASC 450-20 regulations for banks and credit unions
- Supported: Integrates with the institution's core system for data efficiency and real-time reporting
Abrigo ALLL Screenshots
Abrigo ALLL Technical Details
Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
---|---|
Operating Systems | Unspecified |
Mobile Application | No |
Supported Countries | USA |
Supported Languages | English |
Abrigo ALLL Downloadables
Abrigo ALLL Customer Size Distribution
Consumers | 0% |
---|---|
Small Businesses (1-50 employees) | 20% |
Mid-Size Companies (51-500 employees) | 75% |
Enterprises (more than 500 employees) | 5% |