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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  • Sageworks is now Abrigo: 2019 and beyond

    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…
  • 15 Twitter accounts every bank executive should follow

    The ABA has a new report out on how banks are using social media, and much of the report focuses on using Twitter, Facebook, LinkedIn and the like to boost customer service, make connections in the community and recruit staff. Other advisors and trade groups have written plenty on how…
  • How will the Apple Watch and other tech evolutions impact banking?

    That five-inch screen is ready to move to your wrist, and, perhaps surprisingly, that affects a lot more than just your wallet.  It’s not just the technology industry that is constantly evolving – many other industries must also remain adaptable to the changing landscape of the American consumer. One such…
  • Ag lending demand increases as farm margins tighten

    Commercial lenders could continue to see elevated demand for agricultural loans – particularly for short-term financing to cover operating expenses -- thanks to tight profit margins for many producers. “Loan volumes for almost all farming purposes rose at commercial banks, as many producers contended with tighter profit margins” during the…
  • Which are America’s healthiest banks?

    In the last several years following the Great Recession, the health of banks in the U.S. has been analyzed and debated.  For the largest of American financial institutions – those that much of the public banks with for checking, mortgages and auto loans – stress testing regulations have been passed…
  • What 2015 holds for banking

    The IBM Institute for Business Value released its 2015 report, “The paradox of Banking”, which analyzes the existing market and makes predictions about how the landscape will evolve, what will make banks succeed or fail and how institutions can use the market trends to their advantage. While the report recognizes…
  • Spotlight on lending: Preparing for Q3 bank reports

    With the fourth quarter of 2014 well underway, both banks and credit unions are in the midst of reporting their results from the previous three months. While Q3 reports will trickle in over the coming days to meet the end of October deadline, a crucial piece of the puzzle the…
  • Tweet to pay: Is this the future of banks maintaining a competitive edge?

    Do customers want off-site banking to be as simple as sending a tweet? A bank in France is making that a reality. With the significant rise of person-to-person (P2P) payments – allowing a customer the convenience of sending money directly to someone else quickly – news broke earlier this month…
  • Why yesterday was huge for banking: IFRS 9

    Despite much deliberation and an initial desire to converge ideologies, the International Accounting Standards Board (IASB) and its American counterpart, the Financial Accounting Standards Board (FASB) were unable to draft uniform revisions to the current incurred loss model for the ALLL. Due to fundamental disagreements on how impairments should be…
  • Restoring the board to its rightful balance

    Following Jeremy Stein’s announcement that he would be resigning from the Federal Reserve Board of Governors, both sides of the Senate’s aisle have begun urging President Barack Obama to consider appointing someone with community banking experience to fill his seat. Recent years have seen a shift in the seven-member board…
  • Happy community banking month

    It’s no joke, April 1st kicks off the start of Community Banking Month! Over the next couple weeks, do something special to celebrate your accomplishments and remind your community of just how much your bank does for them all year. Even if you’re already planning a big event for your…
  • FDIC’s Quarterly Banking Profile for Q4 2013

    The health of FDIC-insured institutions is looking up, according to the latest edition of their Quarterly Banking Profile (QBP). This publication, summarizing the fourth quarter of 2013, boasted impressive statistics compared to the previous year, such as: • Quarterly net income of $40.3 billion (↑17%) • Full-year net income of…
  • Fed’s senior loan officer survey results

    Earlier this month, the Federal Reserve System released the results from their latest Senior Loan Officer Opinion Survey on Bank Lending Practices. According to participating banks, the majority of the lending environment has remained largely unchanged in the past three months. But there were some key results to take note…
  • Is 2014 the year of M&A for community banks?

    With 228 M&A deals announced in 2013 alone, it’s easy to see why the total number of banks is estimated to decrease by 20-30 percent during this decade, according to Craig J. Mancinotti and Rick Maroney, co-managers of Austin Associates investment banking practice’. Since last year marked the third consecutive…
  • Survey: Cash accounts would shift if special FDIC insurance ends

    More than half of the financial professionals in a recent survey said they expect to move at least some of their organizations’ cash and short-term investment portfolios from non-interest bearing bank accounts if unlimited FDIC insurance expires at the end of the year, according to the Association for Financial Professionals.…
  • Credit analysis benefits of a probability of default analysis

    Financial institutions may inject a probability of default (PD) analysis into several steps of their credit risk processes, and each use-case provides a different benefit to the bank that directly impacts its workflow efficiency, credit decision quality, and most likely profitability. Before any financial statements have been spread, a PD…
  • Sageworks to host allowance for loan and lease losses forum

    On December 3rd and 4th, Sageworks will host an ALLL Forum for banking associates and industry experts. The forum will feature in-depth discussion regarding allowance for loan and lease losses (ALLL) calculations, Q&A with ALLL experts, best practices for managing the reserve, recent enhancements to Sageworks’ ALLL solution, and an…
  • Basel III and community banks

    Basel III can be a touchy subject for community banks and rightfully so given the new requirements with which they’d have to comply if Basel III is implemented for these banks. In an article featured in American Banker, a consultant in the industry explains what could happen if community banks…