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What is PwC True Comply?

Envision enhancing the precision of compliance testing while reducing expenses at the same time. True Comply simplifies the often tedious and costly compliance evaluation by automating the document review process on a single platform. This allows you to evaluate your entire portfolio in a fraction of the time it would take to assess even a smaller selection manually. Such a method grants a more thorough insight into your organization’s compliance status, significantly lowering the chances of incurring large penalties for non-compliance. The automation provided by True Comply eliminates the need for manual comparisons between loan documents and the information submitted to regulators. By detecting discrepancies and exceptions early in the process, you can prevent wasting time during audits later on. Relying solely on a limited sample of your loan submissions can lead to significant risks, as errors might remain undetected. With an enhanced document review process, you gain the ability to perform a more detailed analysis, enabling your organization to ensure compliance both effectively and efficiently. This proactive approach not only safeguards your company but also improves its standing in the industry, fostering greater trust among stakeholders. Ultimately, embracing such innovations can lead to long-term benefits for your organization.

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

Additional information not provided

Integrations Supported

Additional information not provided

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
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training

Company Facts

Organization Name

PwC

Date Founded

1998

Company Location

United Kingdom

Company Website

www.pwc.com/us/en/products/true-comply.html

Company Facts

Organization Name

PCBB

Date Founded

1998

Company Location

United States

Company Website

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

Categories and Features

Compliance

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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