Sageworks Blog

Nov09

Using a probability of default Brad Schaefer [email] Analyst

Nov 09, 2012 14:48

In the last post, we had looked at credit risk models and, specifically, what a probability of default model does. But how does that apply to banks, and why should a financial institution trust a probability of default (PD) analysis. [More]

Nov07

What is a probability of default model? Libby Bierman [email] Analyst

Nov 07, 2012 08:29

A probability of default model uses multivariate analysis and examines multiple characteristics or variables of the borrower, and it will usually account for credit or business cycles by either incorporating current financial data into the generation of the model or by including economic adjustments. [More]

Nov 06, 2012 10:34

Uncertainty remains the mood of the day, with surveys showing that a sizable portion of private companies are worried that a potential lack of demand is the top barrier to growth. Business owners must protect themselves against financial and operational risks, even as they balance the need to service customers and plan for growth. [More]

Nov 06, 2012 09:48

This guest post by Chris Call, partner with B2B CFO, summarizes best strategies for analyzing business expenses and the "why" behind the numbers. Chris discusses the importance of industry comparisons and how he helped a business owner save more than $100,000 per year using ProfitCents by Sageworks. [More]

Nov 05, 2012 10:48

Whole-system planning is imperative for a financial institution’s strategy development, according to John Oliver, President of Laurel Management Systems, Inc. In Part II of this guest column, Oliver discusses some starting points for effectively implementing whole-system planning in order to take control of your institution’s destiny. [More]

Nov01

GDP, private-company trends among economy's mixed signals Mary Ellen Biery [email] Research Specialist

Nov 01, 2012 17:03

In the last general report card on the economy before the Nov. 6 election, the recent GDP data was consistent with some of the mixed signals affecting privately held companies. Data from Sageworks Inc., a financial information company, shows that private companies on average have seen about 7 percent growth in sales from last year. [More]

Oct 30, 2012 09:57

Many small private businesses are finding it challenging to access financial resources for growth at a time when lenders are still cautious and facing pressure to avoid risky loans. Many businesses already know this, because they have seen their borrowing requests rejected by a lender. Others may be considering starting a loan application and want to ensure the business is best prepared to receive an approval. [More]

Oct 29, 2012 12:58

This guest post by John Owens and David Harrop, founders of BCI Financial Services Consulting, summarizes their presentation on how to improve productivity and efficiency through benchmarking and staffing models. Run A Better Bank: Using Productivity & Efficiency Metrics to Improve Profitability was the most recent webinar in Sageworks’ 2012 webinar series. The series is an offering of free, educational webinars led by consultants and leaders in the banking industry who share best practices for financial institutions. [More]

Oct 26, 2012 09:03

It has become critical for businesses of all types and for lending institutions to spot signs of financial sickness before they are fatal. Bankruptcies not only hurt the firm the itself but it affects other third parties such as suppliers, vendors, or partners. Subsequently, the recent rise in bankruptcies has put a tremendous amount of pressure on bankers and loan officers. [More]

Oct25

Accounting pros: Clients can do more to check creditworthiness Mary Ellen Biery [email] Research Specialist

Oct 25, 2012 14:21

Sixty-five percent of accounting professionals responding to an online survey by Sageworks Inc., a financial information company, said business clients don’t do enough before extending credit. [More]