NORFOLK, VA, June 08, 2011 (Press-News.org) 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.
About ARCSys and the ACL Calculator
At ARCSys we had the vision and forward thinking to develop intelligent, innovative software that would address specialized accounting issues. Making highly detailed processes straightforward and effortless.
With a team of accountants, auditors and IT developers, ARCSys created the ACL Calculator (Allowance for Credit Loss Calculator). Adhering to the new Accounting Standard Update 2010-20 and 2011-02 issued by the FASB, the ACL Calculator calculates the company's Allowance for Credit Losses (previously the ALLL), all while maintaining ongoing compliance with GAAP standards.
The sheer simplicity of the software allows companies to take control of their ACL calculation, creating customizable and detailed disclosures in a time efficient manner.
So what does ARCSys stand for? Accounting, Reporting and Calculation Systems - pulled right from what the system does.
Software developed for accountants, by accounts. What a great idea!
ARCSys Releases Software Updates for ACL Calculator
ARCSys has released software updates to the ACL Calculator. Performance enhancements and new features have been made to allow users to continually calculate their Allowance for Credit Losses effortlessly and efficiently.
2011-06-08
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[Press-News.org] ARCSys Releases Software Updates for ACL CalculatorARCSys has released software updates to the ACL Calculator. Performance enhancements and new features have been made to allow users to continually calculate their Allowance for Credit Losses effortlessly and efficiently.