Sageworks Releases New Business Owner and CFO Specific Applications

Raleigh, North Carolina (PRESS RELEASE – February 28, 2011) – Sageworks, Inc. announced the release of its new business-owner and CFO specific modules, which will feature certain applications from its business analysis suite of products

Products offered to business owners will consist of :

  • A narrative report called Snapshot Extreme, which combines ratio and trend analysis with industry comparisons to analyze a business’s financial health. Tips for improving liquidity and profitability results within the business are also provided.
  • The Sageworks Industry Data and Analysis report, which provides industry benchmarks for 17 ratios as well as common-size comparisons for Income Statement and Balance Sheet items.

While a given business owner’s subscription will be limited to their particular industry, Sageworks covers more than 1200 industries to ensure that a business owner can find industry analysis that is appropriate for them.

Sageworks reports give business owners understandable and actionable advice, so they can focus on the aspects of their businesses that affect profitability, growth and cash flow. Sageworks reports turns even the most complex financial data into easy to understand, plain-English reports. Products will be offered to business owner users on a day-pass basis, without an annual subscription, so that they can use the product as they need it. They will also have access to Sageworks Integrator functionality, which provides the ability to import financial data from the Quickbooks and Peachtree general ledger systems. Users also have the ability to enter data manually.

The CFO product offering will include the modules offered to business owners, plus an additional projection and forecasting platform, Sageworks Counselor. Counselor is an application that can be used to generate “what-if” scenarios before committing to a course of action and should be used by individuals who are familiar with financial forecasting and modeling. The CFO product line is available through an annual subscription, corresponding to the CFO’s need to perform projections and other analysis on a monthly or quarterly recurring basis.

About Sageworks, Inc.

Raleigh, NC-based Sageworks, Inc. is a financial information company and developer of CPA financial analysis software suites, and Sageworks Analyst. Sageworks’ data and applications are used by thousands of accounting firms and banks across North America. The company has been named to the Inc. 500 list of the fastest growing privately-held companies in the US and to the Deloitte Technology Fast 500.

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