Abrigo ALLL vs. Calyx Point

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Abrigo ALLL
Score 9.0 out of 10
Mid-Size Companies (51-1,000 employees)
Abrigo ALLL (formerly Sageworks ALLL) is a solution for loan allowance and lease loss calculation and is targeted for banks and credit unions. It is designed to help streamline the reserve calculation while providing a consistent analysis that is defensible to auditors, examiners & the board. According to the vendor, this solution enables users to do the following: Spend 80% less time on the ALLL Reduce manual errors & examiner…N/A
Calyx Point
Score 6.1 out of 10
N/A
Calyx Software offers Point for mortgage officers, software supporting the loan lifecycle from prequalification to processing.N/A
Pricing
Abrigo ALLLCalyx Point
Editions & Modules
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Offerings
Pricing Offerings
Abrigo ALLLCalyx Point
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeRequiredNo setup fee
Additional Details
More Pricing Information
Community Pulse
Abrigo ALLLCalyx Point
User Ratings
Abrigo ALLLCalyx Point
Likelihood to Recommend
-
(0 ratings)
2.5
(0 ratings)
User Testimonials
Abrigo ALLLCalyx Point
Likelihood to Recommend
No answers on this topic
I don’t have any. I’m forced to use this product by my broker.
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Pros
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  • I can’t say
  • I don’t have any examples
  • The suite is a constant thorn in my side
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Cons
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  • There is lots of room for improvement as there have been many bugs in the implementation of the new format. Responsiveness to customer needs was inexcusably slow for a change that was years in the planning.
  • Many of the calculations seem inconsistent on Fees Worksheet and other pages, including differences in how the information appears when printed vs onscreen.
  • The menus are not intuitive and could be much better.
  • The user interface is archaic.
  • Field links do not work correctly and take a long time to be corrected.
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Alternatives Considered
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There are several other products available that we will consider when we are able to upgrade from Calyx.
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Return on Investment
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  • The program meets the bare minimum for originating loans but when it breaks, the impact is significant. Even a small break in generating a report with inaccurate numbers can cause loss of confidence in our business and loss of a deal.
  • The downtime caused by the extremely poor implementation of the new URLA was costly and unnecessarily painful. The company did not adequately prepare for this. Some glitches were inevitable but they had [few] resources available to address the issues they knew were coming.
  • Customer service from the company by phone takes hours and is often a wasted effort. Wasting their customer's time is costly to their businesses.
  • If I were starting a mortgage company or selecting a new LOS, I would not select Calyx.
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ScreenShots

Abrigo ALLL Screenshots

Screenshot of Flexible model and segmentation to fit the bank's methodologyScreenshot of Comprehensive reporting for examiners, auditors