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Lending & Credit Risk

What Business Owners Need from their Accountants

Sageworks
May 25, 2011
Read Time: 0 min

 Business owners are in need of the following assistance from their accountants:

1.  Help with compliance regarding tax law.

2.  Assistance in preparing financial statements (balance sheet, income statement, and cash flow statement) in a accurate and timely manner.

3.  Need accountants to act as a trusted advisor to help business owners make sense of the financial statements and then advise them on how to make better business decisions using the statements.

This third point is vital.  Business owners need to request actionable analysis of their financials from their accountant so that the owner can make better decisions in running their business.

 

 

 

What else should accountants provide their business clients? 

About the Author

Sageworks

Raleigh, N.C.-based Sageworks, a leading provider of lending, credit risk, and portfolio risk software that enables banks and credit unions to efficiently grow and improve the borrower experience, was founded in 1998. Using its platform, Sageworks analyzed over 11.5 million loans, aggregated the corresponding loan data, and created the largest

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Abrigo enables U.S. financial institutions to support their communities through technology that fights financial crime, grows loans and deposits, and optimizes risk. Abrigo's platform centralizes the institution's data, creates a digital user experience, ensures compliance, and delivers efficiency for scale and profitable growth.

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