The purpose of this post is to introduce SAS Allowance for Credit Loss on SAS Viya and compare it to the SAS Expected Credit Loss solution. SAS Allowance for Credit Loss is an integrated risk management solution that enables you to address the requirements of the Current Expected Credit Loss (CECL) and International Financial Reporting Standards 9 (IFRS 9) regulations and business challenges that are related to calculation of the expected credit loss of your organization.
SAS Allowance for Credit Loss enables you to support the following actions:
The older version used to solve CECL challenges is called SAS Expected Credit Loss. Some of its features include:
Although SAS Expected Credit Loss offers many capabilities, it does not compare to the long list of functionalities that SAS Allowance for Credit Loss offers:
The primary feature of SAS Allowance for Credit Loss, the workflow, supports user analysis, centralizes access to data, models, and scenarios for a specific time period. Below is a screen capture of what the workflow looks like within the solution:
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A cycle represents the expected credit loss activities that are conducted for a given time period under a specific set of risk scenarios. A cycle is generally created by a solution administrator and the cycle's associated workflow is started by the responsible party that claims the initial task.
SAS Allowance for Credit Loss, the latest and greatest version of the CECL solution, offers an upgraded workflow process, prebuilt rule sets and templates, and it's customizable which enables the user to fit the solution to their specific business and organizational needs. Users can appreciate its simplicity and enhanced capabilities, making the execution of tasks within the workflow process smoother and more efficient. The improved user interface is friendlier and requires little to no-code to function. In summary, this solution update brings fresh, extended functionality, cutting-edge technology, and full support to businesses with their CECL/IFRS 9 standard help.
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