Sageworks is now Abrigo.
Sageworks, Banker's Toolbox, and MainStreet Technologies are now Abrigo - giving you a single resource for your enterprise risk management needs. As a customer of Sageworks, you will continue to get the support you've always had, as well as access to new capabilities and expertise.
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Discovering time for the processes that can’t be automated

Joseph Lowe
Posted by Joseph Lowe

Today, professionals across all industries are feeling a sense of urgency to complete projects, serve customers, or check off tasks from the to-do list. After all, time is money. For financial professionals, this mantra holds especially true. Banks and credit unions must not only find ways to meet regulatory requirements…...

FASB’s fair value election proposal may provide targeted relief for certain instruments

Amanda Rousseau
Posted by Amanda Rousseau

The current expected credit loss (CECL) model has been considered to be the largest change in the history of bank accounting. Financial institutions and other entities have known about the standard for almost 5 years now and the Financial Accounting Standards Board (FASB) is continuing to make additional changes as it gathers…...

Risky business: Top three challenges banks are facing in 2019

Kylee Wooten
Posted by Kylee Wooten

The fundamental purpose of a bank has been rooted in serving customers by accepting deposits and lending funds. And while that has remained its primary function for centuries, financial institutions’ products and services have greatly evolved – and so have its risks. Some types of risk, like credit risk and…...

Credit analysts need to train, too

Mary Ellen Biery
Posted by Mary Ellen Biery

As you watched the Super Bowl or any other sport or activity requiring great skill, you probably focused more on the action and strategy, as opposed to thinking much about all of the hard work and preparation the athletes put into being ready for the big event. However, it’s clear…...

CECL: How to transition from theory to implementation

Mary Ellen Biery
Posted by Mary Ellen Biery

One of the challenges bankers often cite about implementing the current expected credit loss (CECL) accounting standard is knowing where to begin the process. Controllers, senior credit analysts and administrators, and others involved in calculating the allowance for loan and lease losses (ALLL) have heard and read about the changes…...

Is your institution meeting clients’ technology expectations?

Joseph Lowe
Posted by Joseph Lowe

Ultimately, all financial service institutions – large, small, community, national, or alternative lenders – share one common goal: Meet customer expectations. It’s 2019, banking customers’ expectations have shifted toward digital platforms, and community bank leadership is on notice. According to the American Banker Association’s (ABA) 2018 Community Bank CEO Priorities…...

Why good employees leave and what your bank can do about it

Joseph Lowe
Posted by Joseph Lowe

Today, the financial industry’s talent crisis is a hot topic as community financial institutions around the world struggle to retain and attain employees, pushing them to ask, “How long are our tenured employees sticking around?” While employee turnover is a normal part of any functioning business, a Deloitte study states…...

Sageworks is now Abrigo: 2019 and beyond

Sageworks
Posted by Sageworks
abrigo

We hope your 2019 is off to an exciting start. We know ours is. We are excited to announce that we are now Abrigo, and together we are going to make big things happen. Who is Abrigo? Sageworks, along with MainStreet Technologies (MST), was acquired by Banker’s Toolbox, a leading…...

Why 2019 will be a CECL critical year for financial institutions

Amanda Rousseau
Posted by Amanda Rousseau

With the recent start of 2019, financial institutions that have only this year to complete their current expected credit loss (CECL) models have hit an important milestone. Financial institutions have known about this “new” accounting standard for approximately three years, and now the frequently discussed deadline is coming to fruition.…...

Books & blogs to add to your 2019 New Year’s reading list

Joseph Lowe
Posted by Joseph Lowe

Every year, millions of Americans make a New Year’s resolution in an attempt to make a positive change in their life, whether it’s going to the gym, becoming more fiscally responsible, or taking up a new hobby. According to poll by YouGov and Statista, one of the top five most…...