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The Kinective Blog
Dealing with the Approaching CECL Directive
CECL replaces the incurred loss methodology (ILM) because increases in allowances occurred too late in the business cycle under ILM.
NXTsoft Experiences Over 5x Increase in CECL Sales in 2021
NXtsoft sees uptick in CECL sales to financial institutions, recommends financial institutions adopt CECL now so that the CECL calculations can be run in parallel with their current allowance for loan loss (ALLL) calculations in advance of deadline.
