Sageworks Blog

Jan 30, 2013 11:27

Creating an effective credit culture within your financial institution is a lot like raising a child, says Ancin Cooley, Principal of Synergy Bank Consulting. In this guest column, Cooley discusses four integral components that can transform your credit risk culture. [More]

Jan 16, 2013 10:07

Financial institutions looking for their next CEO often have difficulty finding the perfect candidate, says J. Timothy O’Rourke, President and CEO of Matthews, Young & Associates, Inc. In this post, O’Rourke describes traits that community bank CEOs must possess in 2013. [More]

Aug 28, 2012 08:22

As board members and management look to improve their organization's Enterprise Risk Management (ERM) system, it's important to start by asking several critical questions, financial consultant Roberta Wagner of Bugbee Wagner PLLC says. In this guest column, Wagner proposes several topics executive leaders should probe in order to strengthen the process. [More]

Jul 31, 2012 08:15

Financial consultants John Owens and David Harrop of BCI LLC describe five additional components of a solid strategic plan for banks. These focus on taking charge of the organization’s future and building action plans. [More]

Jul 16, 2012 10:02

Why do banks need a strategic plan? There are numerous reasons, but the best one is that banks that plan well and execute their plans are better organizations. In part I of this guest post, financial services consultants John Owens and David Harrop begin to describe 10 key components of a strategic plan. [More]

May29

5 Fraud-fighting tips for businesses Mary Ellen Biery [email] Research Specialist

May 29, 2012 14:55

Desperate times call for desperate measures, the saying goes. So it’s not surprising that fraud in the workplace increased during the economic crisis and recession. The median loss tied to occupational fraud is $160,000, according to the Association of Certified Fraud Examiners’ 2010 report, so the issue is something about which many companies are rightfully concerned. Small businesses are especially vulnerable, the ACFE says. Fraud can pad your selling, general and administrative expenses or inflate your cost of sales. Here are five ways to fight fraud in your business. [More]

Apr 12, 2012 08:28

Hartman King, CFO of Nashville restaurant developer MStreet Entertainment Group, discusses managing the chaos of growth and the benefit of evolving financial processes. [More]

Apr 05, 2012 10:21

Wai-Yan Sun, CFO of Boston-based technology and marketing firm FreeCause, discusses making trade-offs and the effort tied to cash flow forecasting. [More]

Mar 28, 2012 19:36

Robert Frabasile, CFO of New York accounting firm Kiwi Partners Inc., discusses client relations and the role of balance sheet items in cash flow forecasting. [More]

Mar 22, 2012 08:30

L. Heath Sampson, CFO at asset management and recovery company SquareTwo Financial, discusses talent and a top-down approach to cash flow forecasting. [More]