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.

 

Overview

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.

Hear Tom Caragher, senior product manager, Risk and Performance, Fiserv, walk through everything banks need to know about CECL, including which records to pull and which staff members to recruit to find to present first-rate data, in this BAI Banking Strategies Podcast.

 

Features

Choose Prologue Credit Loss Manager to:

  • Create and validate methodologies prior to standards implementation
  • Collect a vast array of historical data
  • Pool capabilities to allow for tracking at more detailed levels to improve performance
  • Use different methodologies for different pools
  • Calculate historic loss rate at pool level and the projected ALLL at the pool and aggregate levels

Terms and Conditions

close

Resources

Resource

Pools, Correlations and Methods at the Core of CECL Compliance

With potential increases in economic volatility, understanding credit exposure will be critically important to remaining competitive and profitable. This paper explores creating pools, establishing correlations to external metrics and identifying methods for calculating loss rates.

Read the point of view paper

Resource

CECL, Strategic Planning and Forecasting ALLL

Part of data compilation for CECL involves segmenting it out at different levels. Take a look at this new information to decide which loan markets to work in.

Read the article

Resource

Collect, Correct and Correlate - CECL Standards and the Need for Data

In June 2016, the FASB issued a new standard for the timely reporting of report credit losses on loans and other financial instruments, creating one of the most significant changes in recent years for financial institutions.

Read the article

Resource

The Impact of CECL and Financial Institution Readiness 2017 Fiserv Survey Results

Here's what experts from the largest financial consultancies across the U.S. and Canada have to say about their clients' current efforts and ability to meet the new CECL standard.

Read the results

Resource

CECL: The Need for a Plan

With two years until the new CECL standards become effective, financial institutions should define necessary actions now.

Watch the video

Resource

The Jeopardy Model: Learning from the Questions

The new CECL standard was a hot topic at this year's Global Association of Risk Professionals (GARP) conference. See what Fiserv experts have to say about embracing CECL.

Watch the video

Resource

The Unifying Potential of Data

At the recent Global Association of Risk Professionals (GARP) convention, industry experts discussed potential opportunities created by the new CECL standard.

Watch the video

Resource

Prologue Credit Loss Manager Video

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.

Watch the video

Resource

CECL Webinar: The Need for Data – and Its Impacts Across the Institution

Watch our webinar to learn how a successful implementation of CECL requires better integration between accounting and risk management and access to an expanded historical data set to calculate credit reserves.

Learn more

Resource

Preparing for New Credit Loss Standards

With the recent FASB vote to proceed and the final Accounting Standards Update published, financial institutions need to take action today to prepare for the updated Current Expected Credit Loss (CECL) standards.

Read the article

Resource

Prologue Credit Loss Manager

Prologue™ Credit Loss Manager from Fiserv provides enhanced credit modeling so you can optimize the required reserve amount for every loan to satisfy FASB requirements.

Read the brochure

Have a Question For Us?

For more information on Prologue Credit Loss Manager, complete the short form below.

For information about other solutions or issues, use the Contact Us Page.