Banks must comply with the new Current Expected Credit Losses (CECL) accounting standard. It requires banks to estimate expected losses over the life of loans. GainOps designed and deployed a comprehensive solution. It included automated data collection and integration, an interactive front end, and reports. The solution let bank officers select loans for analysis. They could group loans by criteria and method. They could also generate reports that describe credit loss risks. As a result, audits became easy and quick. The bank sharply reduced operational costs and even increased revenues.
