Sageworks Blog

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 27, 2012 15:58

Running a business should earn you an honorary degree, given all you will learn, according to Brian Hamilton, co-founder and CEO of Sageworks. He recently outlined for Inc.com several common financial mistakes that businesses make. They have to do with managing revenues, receivables, overhead, pricing and credit. [More]

Jul25

Financial Data Isn’t Enough – 3 Reasons Why Libby Bierman [email] Analyst

Jul 25, 2012 08:12

To become a trusted business advisor, financial professionals must couple the delivery of data with interpretation and sound business advice. Your end goal should be helping clients understand financial statements rather than review them. Read why. [More]

Jul 24, 2012 10:51

A Sageworks roundup of recent banking industry news you might have missed: Gallup survey finds Americans’ confidence in banks is at record low; How many bank examiners are enough; FDIC warns on labeling of deposit-insurance costs. Confidence in banks at record low Even though U.S. banks are much stronger than they were during the financial crisis of 2008 and 2009, a recent poll by Gallup found that Americans’ confidence in the institutions remains fragile. In a press release, Gallup Chief Economist Dennis Jacobe said Americans’ confidence is at a record low of 21 percent, compared with 23 percent of Americans who said they had a “great deal” or “quite a... [More]

Jul20

When being "hands on" pays off Mary Ellen Biery [email] Research Specialist

Jul 20, 2012 14:29

If your product is featured by Oprah Winfrey, you can pretty much say you’ve made it. But as most entrepreneurs know, the road to success is often a winding one. In the case of handbag designer Danielle Nicole DiFerdinando, the road frequently takes her to Hong Kong, Paris and all over the world. The extensive travel is part of her hands-on approach throughout the manufacturing process – something she’s found to be critical to her growing success. [More]

Jul 19, 2012 09:24

If you're looking to raise less than $1 million, a private placement will allow you to raise capital for your business without losing a disproportionate amount of equity to a venture capitalist. Sageworks CEO Brian Hamilton discusses the basic steps of an underutilized, early stage fund-raising technique that will infuse capital into your business without diluting your equity. [More]

Jul 18, 2012 13:14

Allowance for loan and lease losses (ALLL) is an important regulatory procedure for banks and national bank regulatory agencies issued an updated inter-agency policy statement on the ALLL “to ensure consistency with generally accepted accounting principles (GAAP) and more recent supervisory guidance.” Learn how to efficiently comply and calculate the allowance for loan and lease losses. [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]

Jul 12, 2012 12:26

A Sageworks roundup of recent banking industry news: Community bank overdraft fees; Bank customers look to switch; Businesses’ cash on the rise.
[More]

Jul 11, 2012 14:28

The year 2012 began with the fate of the "Bush-era" tax cuts uncertain, and no resolution appears in sight. The Congressional Budget Office has estimated that extending all of the "Bush-era" tax cuts would cost $2.84 trillion over 10 years. Democrats and Republicans remain far apart on whether to extend all or some of the "Bush-era" tax cuts and other tax incentives scheduled to sunset after 2012. Reaching an agreement between the Democrats and Republicans before the November elections is not likely. The likelihood of a lame-duck Congress deciding the fate of the "Bush-era" tax cuts is increasing daily. Also growing daily is the uncertainty many taxpayers face in tax planning for 2013 and beyond. -- Guest post by Lori Figlioli of Alpern Rosenthal. [More]