Case Study: $1B Community Bank achieves flexible CECL compliance and automated reserving with SS&C Technologies' EVOLVEA

$1B Community Bank picks EVOLVᴱᴬ for flexibility in CECL calculation

Community Bank, a $1B institution, needed to replace legacy systems and processes to comply with FASB’s CECL standard, incorporate COVID-driven adjustments into forward-looking forecasts, and engage a partner with both accounting expertise and robust reporting. To meet these requirements they selected SS&C Technologies’ EVOLVEA (SS&C Primatics) solution for an end-to-end CECL reserving platform with built-in macroeconomic models and strong disclosure capabilities.

SS&C Technologies implemented EVOLVEA to provide secure data import and validation, model execution, qualitative adjustments, a controls framework, and loan‑level reporting and analytics. The solution automated data flows and reporting, eliminated manually intensive processes, improved transparency with push‑button disclosures and detailed BI reports, and strengthened auditability and controls—resulting in increased productivity, decreased risk, and a future‑proof SaaS approach to CECL for Community Bank.