It should not be used, however, for the following purposes without review by financial professionals:
- Loan Decisions – Sageworks provides objective, quantifiable ratios and can make loan approval recommendations based on rules established by the institution. However, you should use Sageworks in conjunction with review by experienced analysts who understand credit risk at the institution.
- Major Capital Purchase Decisions – Before adding fixed assets to a company, the principals of the company should give the investment serious consideration. Sageworks is only one solution that you or the principals of the company can use in combination with other analytical tools and the advice of competent professionals such as accountants and bankers.
- Investment Decisions – While Sageworks can be helpful as part of an investment decision, you should not rely solely on Sageworks (or any expert system) for making an investment decision. Please do not do so – use our reports in conjunction with other investment advice, information, and tools.
Sageworks and/or its subsidiaries will not be responsible for the content of any Sageworks report where:
- The text of the report is modified by any outside party.
- Decision makers rely on Sageworks as their primary source of advice regarding business decisions. You should use Sageworks in combination with the advice of competent legal and financial professionals.
Use of Data
Sageworks will not publish or sell personally identifiable data (information that identifies a particular client/customer or other individual) without your express permission, and we agree to maintain the confidentiality of your information. Sageworks reserves the right to use any data and information provided by users for internal quality control and product development as necessary for supporting the Products. In addition, Sageworks reserves the right to freely use, sell, and distribute all data provided by users from which Sageworks has removed personally identifiable information. This may include the future development of financial models, indices, or other reports derived from the financial data entered. Do not enter data or other information into our applications if you do not want your or your client data being used in this manner or contributed to our aggregate database.
Users shall not enter PAN (Primary Account Numbers) or any credit card numbers into any Sageworks Products. Sageworks makes no claim for, and is not responsible for compliance to PCI DSS (Payment Card Industry Data Security Standard) and/or the protection of credit card data. Should Sageworks discover credit card data during periodic audits of the system, you/your institution will be notified and required to take corrective action to avoid penalties.
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