Who owns sageworks?
Accel-KKR
Sageworks, a provider of financial information on businesses, is now part of a new entity called Abrigo. The private equity firm Accel-KKR acquired Sageworks last year (see Accel-KKR acquires Sageworks).
What is Sageworks used for?
Sageworks Loan Automation is a customizable, relationship-based automation tool allowing bankers to make informed loan decisions quickly, respond to customers automatically and notify designated users and borrowers of next steps.
What does Abrigo do?
We Are Abrigo At Abrigo, our mission is to help financial institutions make BIG things happen. We do that by providing technology that banks and credit unions use to manage risk and drive growth. From fighting financial crime to lending and credit to asset/liability management – we have you covered.
What industry is sageworks?
Computer software Information technology
Sageworks is a private financial information company headquartered in Raleigh, North Carolina….Sageworks.
| Industry | Computer software Information technology |
|---|---|
| Headquarters | Raleigh, North Carolina, United States |
| Key people | Scott Ogle, CEO |
| Website | www.sageworks.com |
What is Sageworks analyst?
Sageworks Analyst, a platform technology that is used by community banks nationwide, includes forecasting and projection models, loan analysis capability, sensitivity analysis, business valuation models, loan document tracking, covenant tracking, loan portfolio analysis, private company industry data and benchmarking.
How many employees Abrigo?
Company Growth (employees)
| Employees (est.) (Mar 2022) | 749 | (+5%) |
|---|---|---|
| Cybersecurity rating | A | More |
What does financial spreading mean?
Financial spreading is the most common way an organization relays the risk to a decision maker efficiently. Spreading is an organization’s process of standardizing the presentation of financials, while also identifying major risks apparent in those statements.
Who owns Abrigo?
In 2018, Banker’s Toolbox acquired MainStreet Technologies (MST) and Sageworks and relaunched as Abrigo in January 2019.
What industry is Abrigo in?
About Abrigo Abrigo is a leading technology provider of compliance, credit risk, lending, and asset/liability management solutions that community financial institutions use to manage risk and drive growth.
Why financial spreading is important?
Financial statement spreading aims to present highly granular financial information to banks in a bid to aid them in making strategic business decisions and support investment advisory, credit appraisals, and rating analysis.
Why do we spread financials?
Spreading financial statements is the process of putting a set of bespoke financial statements into a standard format that is easier for the reviewer to digest. Spreading financial statements also helps to compare companies against others.
How long has Abrigo been in business?
How long has Abrigo been in business?
| Founding Date | 2000 |
|---|---|
| Time since last funding | 6 years ago |
| Abrigo investors | Accel-KKR |