Case Study: $4B Community Bank achieves CECL compliance and streamlined allowance process with SS&C Technologies' EVOLVEA

$4B Community bank relies on trusted partner for their CECL Allowance

Community Bank, a $4B institution, faced the new ASC 326 (CECL) reserving requirement and needed a trusted partner to implement an end-to-end, transparent allowance process that incorporated COVID-era impacts and multiple macroeconomic forecasts. They engaged SS&C Technologies (via SS&C Primatics) and adopted the EVOLVEA CECL reserving solution to meet compliance, reporting, and governance needs.

SS&C Technologies implemented EVOLVEA to automate data import and validation, run embedded macroeconomic models, support qualitative adjustments, and deliver loan‑level reporting and strong controls. The solution eliminated manually intensive reporting, increased productivity through automated workflows and BI reporting, strengthened preventative/detective controls (validation checks, audit trails, segregation of duties), and enabled the bank to produce a defensible, auditable CECL allowance incorporating COVID scenarios.