Prologue™ Credit Loss Manager from Fiserv provides an estimate of expected credit losses based on relevant internal and external information. An estimate includes all contractual cash flows expected to go uncollected or a commitment to extend credit.
Prologue Credit Loss Manager enables institutions to meet the Financial Accounting Standard Board's credit loss Accounting Standards Update (ASU), which requires more timely records of credit losses. The solution provides clients with an understanding of the broad range of information required to measure credit losses to include "reasonable and supportable" forecasts that affect expected collections (principle or payments) on financial instruments under current expected credit loss (CECL).
Prologue Credit Loss Manager allows consideration of any reasonable approach that reflects the possibility of a credit loss.