Abrigo

MAY 20, 2015

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 industry is banking. While many bank and credit unions are consistently updating their financial technology behind the scenes to ensure smooth back-end processes, tech upgrades for consumer-faci

Credit Unions 74

Credit Unions Transactions 74

Abrigo

MAY 7, 2015

Written by Zeb Zilar, Project Lead, Sageworks Valuation Solution Baby boomers are hitting age 65 at a rate of 10,000 a day until 2030, according to the Pew Research Center. Another study showed that 65 percent of new business sellers in Q1 of 2014 were baby boomers. The transfer of wealth that is beginning to occur for the baby boomer generation is significant, and it’s clear from a recent poll by Sageworks that the baby boomer demographic is a frequent client of valuation professionals.

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Abrigo

MAY 22, 2015

The topic of affordable rental housing is likely to be an increasingly popular one in the coming years, given the number of baby boomers expected to downsize as they retire and the rising share of millennials choosing rentals over homeownership. Indeed, a number of recent reports have raised concerns that renters will increasingly find it difficult to afford rental units.

Credit and Collections 68

Credit and Collections Credit Unions 68

Abrigo

MAY 28, 2015

By Brad Spence, Director of Sageworks Valuation Solution Most business owners aren’t as lucky as 91-year-old media tycoon Sumner Redstone, who famously declared he won’t discuss succession planning for his Viacom and CBS empires because he isn’t going to die. The fact is, millions of business owners are over age 50, and at some point, each will have to consider whether to sell, pass on or simply shut down their business.

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Abrigo

MAY 27, 2015

Some view banks’ credit policies as somewhat of a necessary evil; many comprise hundreds of difficult-to-decipher pages intended to establish numerous policies for evaluating and undertaking risk. These credit policies outline banks’ appetite for risk, establish banks’ credit culture , determine the extent of decision-making delegation and describe how loan portfolio risk is measured, monitored and reported.

Credit Risk 60

Credit Risk Credit Unions 60

Abrigo

MAY 19, 2015

A recent survey by Pepperdine University found that 64 percent of business owners intend to transfer their ownership interests within the next 10 years. For those considering selling their business, a valuation professional could be seen as friend or foe – either delivering the good news that their business is worth what they anticipated (or more), or possibly relaying a much-needed wake-up call.

Transactions 60

Transactions 60

Abrigo

MAY 13, 2015

While business owners are the captains of the ship, in many cases they operate leanly -- with a small crew or perhaps no crew at all. With more than 70 percent of all businesses in the U.S. owned by sole proprietors , a significant number of people control their professional destiny, but may not have the skills or experience to steer their ship safely.

Small Businesses 60

Small Businesses 60

Abrigo

MAY 12, 2015

Normal. 0. false. false. false. EN-US. X-NONE. X-NONE. Normal. 0. false. false. false. EN-US. X-NONE. X-NONE. One of the more challenging components of tax return analysis is analyzing global cash flow with multiple pass-through entities – especially without double-counting or leaving cash flow out. Linda Keith, president of Linda Keith CPA, recently partnered with Sageworks to lead a webinar aimed at clarifying the confusion on pass-through entities.

Credit Unions 60

Credit Unions 60

Abrigo

MAY 11, 2015

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 first quarter, said a recent report from the Federal Reserve Bank of Kansas City.

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Abrigo

MAY 8, 2015

In recent months, the momentum around reducing the regulatory burden on the nation’s community banks has continued to gain steam. There are more than 6,000 banks and thrifts under $10 billion in assets and they are often less equipped to deal with complexities brought by additional regulations. However, the regulatory landscape continues to evolve, leaving resource-constrained community banks to cope with new demands.

Credit Unions 60

Credit Unions 60

Abrigo

MAY 6, 2015

By Michael Sferratore, Vice President of ProfitCents One of the unintended consequences of auditing changes in the wake of accounting scandals since Enron and WorldCom is that some investors and regulators have come to believe that accounting can be an exact discipline – where objective practitioners uncover “the truth” by simply following prescribed steps that leave little room for subjectivity.

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