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Lending & Credit Risk

NYT: “A Few Accounting Essentials Can Spell Survival”

Sageworks
August 3, 2011
Read Time: 0 min

Brian Hamilton; a Sageworks user, Bart Justice of Secure Destruction; and others provide some insight on how the owners of small businesses can really benefit when they give some attention to their finances.

Justice, with his master’s in industrial engineering, was focused on growing his business and general operations. Finances weren’t his main concern. He admits, “I knew how to print a financial statement from QuickBooks, but I couldn’t tell you what it meant.” He started paying finances more attention just before the recession hit, and his timing couldn’t have been better because he and his company were then able to weather the difficult economy.

Read the full article on The New York Times’ website here.

About the Author

Sageworks

Raleigh, N.C.-based Sageworks, a leading provider of lending, credit risk, and portfolio risk software that enables banks and credit unions to efficiently grow and improve the borrower experience, was founded in 1998. Using its platform, Sageworks analyzed over 11.5 million loans, aggregated the corresponding loan data, and created the largest

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About Abrigo

Abrigo enables U.S. financial institutions to support their communities through technology that fights financial crime, grows loans and deposits, and optimizes risk. Abrigo's platform centralizes the institution's data, creates a digital user experience, ensures compliance, and delivers efficiency for scale and profitable growth.

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