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Sageworks Blog

Sep20

Community banks plea for regulatory relief

On Tuesday, community bankers from across the U.S. asked the Senate for regulatory relief. Those speaking out about increased regulatory demand included Toney Bland, Senior Deputy Comptroller for the OCC, Doreen Eberley, Director of the Division of Risk Management Supervision for the FDIC, Federal Reserve Board Gov. Daniel Tarullo, and ABA Chairman Jeff Plagge. They highlighted challenges facing community banks, how regulatory agencies are responding to these challenges, and asked the Senate and House to work together to pass legislation that will benefit community banks and ultimately, the econom [More]

Sep19

What can a niche retailer teach accountants about growing their business?

Tractor Supply has been one of the fastest-growing retailers in the U.S. for several years running, and it owes much of its success to one thing: It specializes in serving a particular group of customers, and it primarily sells products those customers want. The retailer’s marketing efforts reflect that focus. Accountants, too, can benefit from shifting from an “all things to all clients” mindset to one that is more focused on serving and reaching your ideal client.

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Sep18

How one accounting firm used ProfitCents reports to retain a client

Identifying improvements a client can make to their business should be part of an accountant’s regular routine, but getting the client to actually take the necessary steps to implement these opportunities can be a challenge. Accountants can use resources such as ProfitCents reports to help bridge the gap with clients by pinpointing areas for potential growth and motivating them to make the change. [More]

Sep17

What are banks saying about meeting technology needs?

With such rapid progression of technological advancements, many bankers have found that they are not devoting enough resources to exploring how these new technologies can be of benefit to their institutions. [More]

Sep16

Staffing crash course: What are the best indicators of an accountant’s career potential?

Fall is nearly here, and in addition to the pumpkin lattes, football and foliage, it also signals a time when many accounting firms take a beat to consider their staffing needs. As the weather cools down, consider it a good opportunity to examine a practice’s recruitment plan for the remainder of the year in an effort to on-board top quality talent before the coming busy season. [More]

Sep16

Good news for the banking industry in 2014

Over the last seven years, Americans’ view of the banking industry has been less than ideal. However, there is good news in 2014: the banking industry has a net positive rating of eight—an increase of 18 points from 2013. Similarly, Americans’ view of the real estate industry has also improved, with a net positive rating of 12 in 2014. [More]

Sep15

Apple Pay set to launch in October: What will this mean for banks and credit unions?

Last week, technology giant Apple® announced the launch of its mobile wallet, Apple Pay. Slated to debut in October as a feature on the iPhone 6, Apple Pay will offer contactless payment technology, providing iPhone users the ability to pay for purchases with their smartphones. [More]

Sep13

2014 trends in compliance risk management for banks

Because of new regulations in the banking industry, compliance risk management is becoming increasingly important for bank management. The Accenture 2014 Compliance Risk Study confirms this theory and identifies five, key trends that have accordingly surfaced in banking. [More]

Sep11

Is your ALLL prepared for the future?

Given all the attention the allowance for loan and lease losses (ALLL) is receiving from regulators and FASB, it is important to understand how banks and credit unions will be impacted in the short, mid and long-term by regulatory changes. It is also critical for bankers to understand what they can do now to prepare for these challenges. Join Sageworks and Crowe Horwath on Friday, September 12th for a webinar that will address the future of the ALLL. [More]

Sep10

An accounting firm's checklist for attracting and keeping talented team members

Finding and retaining qualified staff is a top concern among accounting firms, according to the AICPA. Establishing a plan to recruit and develop staff in your firm will help you attract and keep top-notch employees. This checklist provides 4 steps you can take to win and retain talented team members. [More]