Sageworks Patel to Address Lending Issues At 2009 CBAI Group Meetings
The 2009 CBAI Group Meetings will featureVimal Patel, senior director of Financial Markets with Sageworks, Inc., Raleigh, N.C. Patel’s presentation examines the characteristics of a successful community-bank lending operation in today’s economic environment. He does this by evaluating the ability to look at the past, present, and future accurately. Topics covered include obtaining good information from borrowers and evaluating it both objectively and subjectively, using current trends properly to determine potential problems and gems, as well as depending existing relationships with borrowers. He also discusses taking advantage of forecasting and stress-testing to preempt potential problem loans and solidifying your role with existing customers by looking at their projected futures.
After graduating from the University of North Carolina at Chapel Hill with a degree in mathematical sciences, Patel spent 10 years with an international non-profit, where he served as a regional director of operations. He then followed his passion to help people understand their finances by joining Sageworks in 2006. Since then he has worked with accounting firms and community banks to help their customers make better financial decisions. Sageworks, the leader in financial analysis of private companies, is trusted by more than 8,000 accounting firms and 400 community banks for financial and credit analysis. Specifically designed for and by community bankers, Sageworks Analyst is a credit analysis system that helps bankers improve consistency, impress regulators, and increase asset quality.
Since the program was launched six months ago, 30 Illinois bankers are now using Sageworks Analyst Software to evaluate commercial loan packages.
Sageworks™ Analyst empowers loan officers and credit analysts to improve the efficiency and consistency of their commercial underwriting and review processes. Sageworks’ suite of financial-analysis tools connects seamlessly to its patented technology to provide clear, informative reports. The narrative and spread reports enable users to 1) interpret the financial condition of loan applicants and compare them with current industry averages, 2) examine highlighted risk areas that may have been overlooked, 3) compare small businesses to industry peers, and 4) evaluate the business, the principals behind the business, and/or any real estate to create a global cash flow and ratio analysis. Sageworks™ Analyst has these financial-analysis capabilities wrapped into one powerful, comprehensive suite designed specifically for the needs of a community bank.
For more information, call Pam Lowrance, CBSC vice president, at 800/736-2224, or to schedule a demonstration call Vimal Patel, Sageworks, senior director, at 919-851-7474 X631.