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What is ConVista ConsPrep?

The excitement around SAP S/4HANA for Group Reporting is well-deserved, as this advanced Group Accounting solution from SAP highlights that successful group reporting goes beyond simple consolidation. For more than ten years, we have embraced this perspective alongside various consolidation tools using our SAP add-on, ConVista ConsPrep. Our approach prioritizes critical activities within the record-to-report process, enabling smooth data transitions and minimizing the reliance on manual adjustments. We emphasize a unified procedure that extends from the initial capture of accounting information in individual financial statements to the ultimate consolidated report. Additionally, ConVista ConsPrep stands out as an SAP-certified software package, with a flexible architecture that allows the integration of standard software advantages while also meeting specific client requirements effectively. This unique adaptability guarantees that organizations can strike a balance between efficiency and tailored solutions in their reporting processes. Ultimately, this innovative approach ensures better financial transparency and accuracy for businesses.

What is CECL FIT?

CECL FIT is designed to help you comply with the new CECL accounting standard effectively. Our state-of-the-art online platform, CECL FIT, paired with the guidance of our PCBB Advisors, will assist you in determining the most appropriate methods for various categories of loans and securities. With a robust and customizable executive dashboard, CECL FIT enables you to keep track of your portfolio reserves, conduct assumption tests with ease, and receive prompt feedback. Organizations that have little to no historical losses can swiftly initiate the process, pinpointing the optimal options for each loan or securities segment. The intuitive executive dashboard allows for real-time visualization of the impact of any changes. You will gain access to forward-looking, reasonable, and well-supported forecasts, ensuring that this adaptable web-based solution meets your changing requirements as you advance. Furthermore, you can seamlessly analyze the effects of credit loss across loans, unfunded commitments, and held-to-maturity (HTM) securities, enhancing your decision-making process. This comprehensive approach not only simplifies compliance but also empowers your organization to respond proactively to evolving financial landscapes.

Media

Media

Integrations Supported

SAP HANA

Integrations Supported

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

$5,000 per year

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub

Training Options

Documentation Hub
Webinars
Online Training

Company Facts

Organization Name

Convista

Date Founded

1999

Company Location

Germany

Company Website

www.convista.com/en/insights/details/convista-consprep/

Company Facts

Organization Name

PCBB

Date Founded

1998

Company Location

United States

Company Website

www.pcbb.com/products/advisory-services/cecl

Categories and Features

Financial Management

Not specified

Categories and Features

Banking

Risk Management

Financial Management

Financial Reporting
Risk Management

Financial Risk Management

Compliance Management
Credit Risk Management
Loan Portfolio Management

Financial Services

Risk Management

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