Sageworks
5565 Centerview Drive
Raleigh, NC 27606
P 919.851.7474
F 919.851.6718
www.sageworks.com
Sageworks releases major enhancements
and new solutions for bank, credit union
clients
Raleigh, N.C., February 15, 2016 – Sageworks, a financial information company that provides credit risk and risk
management solutions to banks and credit unions across the U.S., announced today a series of a product enhancements and
new solutions that were developed and added to the Sageworks solution set for financial institutions.
New products include Sageworks Credit Analysis with Nonprofit Lending, Credit Report Access and ALLL Forecasting.
To its credit risk management solutions, Sageworks developed credit analysis templates designed specifically for nonprofit
entities. This allows the platform to analyze for-profit companies, farms, guarantors, nonprofit organizations and real estate,
while combining the different entities into a single, global cash flow analysis. Sageworks Credit Analysis therefore supports a
variety of portfolio segments and brings to the institution greater consistency and defensibility in lending decisions.
Additionally, the company just released the Sageworks Credit Report Access. Users can pull real-time credit score and report
information into underwriting analyses, risk ratings, loan prices, documentation and stress testing, using the institution’s
subscriber ID and password to access credit-bureau data. With this product, loan officers are armed with up to date credit-risk
information for guarantors.
For portfolio risk management, Sageworks also launched ALLL Forecasting. While hundreds of institutions rely on Sageworks
ALLL for calculating the allowance for loan and lease losses, this new solution equips users to make assumptions about
balances, charge offs and recoveries and to see the estimated impact on the provision and the reserve. With this information,
banks and credit unions – and their boards of directors - can have more informed capital and strategic plans such as updated
risk appetites or concentration limits.
These new solutions as well as several enhancements made to existing solutions were the result of a client-oriented product
development roadmap at Sageworks. The company works closely with bankers to improve technologies and processes to drive
profitable growth and risk mitigation. “We put a lot of stock into the recommendations of our client base. These clients
understand their processes and needs more than anyone, and with their help we are able to build solutions that tackle their
problems – solutions we are excited to offer to and implement in the market,” said Sageworks CEO Scott Ogle.
Banks and credit unions currently rely on Sageworks for the following solution sets, which will continue to expand through
product releases like the one held this weekend:
 Credit Risk Management
 Portfolio Risk Management
 Business Process Management
 Business Analytics
For more information about the Sageworks suite of solutions, visit SageworksAnalyst.com or email info@sageworks.com.
About Sageworks
Sageworks is a financial information company that provides risk management, financial analysis and business valuation
solutions to accounting firms and financial institutions. Visit www.sageworks.com to learn more.
Media Contact
Media Relations / Email: research@sageworks.com / Phone: 919-851-7474 ext. 2596 / Twitter: @Sageworks
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