Our financial software is a simple and efficient system for managing and reporting asset quality. By automating this normally labor-intensive process, Asset Quality ManagerSM saves countless hours in the management of delinquent or classified assets. Our Asset Quality ManagerSM software offers an accessible method of tracking your financial institution's loans through data gathered from your financial institution's core system. It simplifies the creation of the required ASC 310-10 reports for the analysis and management of impaired loans. It also supports the required ASC 450-20 calculation of the loan loss reserve, including both specific and homogenous reserves. This powerful and proactive software helps estimate losses in the Allowance for Loan and Lease Losses (ALLL). In addition, it creates a Watch List of delinquent and/or classified loans and produces a delinquency recap report. The software will guide you through the easy process of creating necessary action plan reporting.
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Financial institutions need to be preparing for CECL today by gathering and storing the necessary data. Our Asset Quality ManagerSM is built to not only manage your process today, but store the necessary data you need tomorrow. Our solution gives you the flexibility to choose from one of four methodologies while many competitors only support one. Asset Quality ManagerSM also presents the information in an easy to use format so you can spend more time managing your financial institution, not your allowance. Want to learn more about how you can manage your ALLL and asset quality reporting process more efficiently today while you prepare for the future at the same time? Contact us today.