Sageworks Blog

Aug16

U.S. auto dealer trends Mary Ellen Biery [email] Research Specialist

Aug 16, 2012 09:18

Privately owned U.S. auto dealers have continued to see double-digit sales gains over the last 12 months, growth that has outpaced other industries, according to a recent data release from Sageworks Inc., a financial information company. New- and used-auto dealers are in their third year of double-digit sales growth, though growth has leveled out more recently, the financial statement analysis by Sageworks shows. [More]

Aug15

Helping Clients through Better Benchmarking Brad Schaefer [email] Analyst

Aug 15, 2012 08:40

Helping your business clients with industry-specific, financial benchmarking is extremely important to measure and improve their performance. To provide real value, you need industry data that is accurate, up to date, and relevant to your client’s size and location. Learn how you will also benefit from their increased success as you continue to advise your clients while they grow. [More]

Aug 14, 2012 10:54

The only thing worse than failing is sticking with a doomed business long after its fate is sealed, according to Brian Hamilton, co-founder and CEO of Sageworks. He recently described for Inc.com how to know it's time to move on. [More]

Aug 13, 2012 13:59

For financial institutions looking to improve efficiency and profitability, credit risk management is critical. However, equally important is how to market the institution the right way. Guest columnist Lauren O’Connell, president of O'Connell Consulting Group, discusses some ways to help banks grow their business. [More]

Aug08

5 ways to make the most of your accountant Libby Bierman [email] Analyst

Aug 08, 2012 14:25

Most accountants would love to take on the role of your trusted business advisor. The problem is, though, that many business owners do not take full advantage of this professional associate, perhaps because of disinterest in the financial analysis conversation or limited available time. Sageworks recommends the following techniques to help you make the most of the time you spend with your CPA and receive more than tax returns. [More]

Aug08

Qualitative risk factors in the ALLL calculation Dustin Lubertazzi [email]

Aug 08, 2012 09:56

The ALLL calculation is certainly a complex process for financial institutions. And perhaps one of the biggest challenges it presents is how to handle qualitative risk factors, through which a bank adjusts for environmental and qualitative factors that may impact losses.
[More]

Aug07

The 'Dog Days' for jobs Mary Ellen Biery [email] Research Specialist

Aug 07, 2012 10:53

Friday’s jobs report for July was neither decidedly sunny nor gloomy, even though stocks on Wall Street rallied to three-month highs. U.S. employers added a net 163,000 jobs in July, topping forecasts, but the unemployment rate and the number of total unemployed were essentially flat to June levels, indicating hiring is still experiencing its own version of the “Dog Days” of summer. “Even though the number of jobs added was more than expected, the unemployment rate at 8.3 percent is still too high,” said Sageworks CEO Brian Hamilton. [More]

Aug 06, 2012 12:02

A Sageworks roundup of recent banking industry news you might have missed: Ethnic banks struggle; Community banks look for exemptions on new regulations; Reducing regulatory risk following a bank merger.
[More]

Aug 03, 2012 10:33

Douglas Jambor, Vice President and Director of Technology Consulting at Turner and Associates, Inc. describes steps financial institutions should take to prevent a data breach. As part of the Sageworks 2012 Webinar Series, Jambor provides a sample check list of items to review to see how your organization stacks up in cyber security. [More]

Aug 02, 2012 08:18

Facebook’s recent IPO, the sharp drop in its share price, and the delay of other IPOs in the pipeline have reignited questions about why more U.S. companies aren’t going public and what’s behind the 15-year decline in the number of publicly traded companies. Sageworks CEO Brian Hamilton discusses the factors leading private-company owners to see few benefits to an IPO. [More]