ARCSys Releases Software Updates for ACL Calculator
ARCSys releases version 1.2 of the ACL Calculator. New performance enhancements and features allow users more flexibility when calculating their Allowance for Credit Losses.
- (1888PressRelease) June 07, 2011 - Norfolk, VA. - ARCSys has released updates for their popular software application - the ACL Calculator. Performance enhancements and new features have been made to both the Criteria Table and SFAS 114 sections, allowing customers to continually calculate their Allowance for Credit Losses effortlessly and efficiently.
To further advance the power and flexibility of the Criteria Tables, which provides users with immense control in applying additional loss factors to an entire segment, class or sub-class, ARCSys has made a significant performance enhancement to the custom columns integration. This new enhancement will allow users to easily integrate custom columns when uploading data directly from the company's core processor(s). These custom columns, whether it be loan-to-value percentage or any variable imagined, can be used for creating a variety of Criteria Tables when assessing risk factors to loan portfolios, under the requirements of the Accounting Standards Update 2010-20.
Along with the "Standard" and "Custom" multiplier features currently available in the Criteria Table section, users will now have the option to apply a "Fixed" multiplier to a segment, class or globally when developing any Criteria Table.
The SFAS 114 section has a new feature as well. Now when reviewing the SFAS 114 section, loans will be segregated according to loan type. Impaired loans are broken-down by segment or class and can be viewed under each loan type, allowing for quicker review and immediate changes to be made to individual loans.
Operating as Software as a Service (SaaS), the ACL Calculator updates have already been integrated and are available now to all clients. These new updates demonstrate ARCSys' continued efforts to ensuring the Allowance for Credit Losses calculations are as effortless as possible. ARCSys will provide new update releases as future changes from the FASB are introduced.
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