RALEIGH, N.C.—Sageworks, a provider of credit risk and risk management solutions, said it has expanded its offerings to now including consulting services to complement the Sageworks software suite.
In working with hundreds of institutions since 2006, Sageworks said has developed expertise in the areas of credit risk management and loan portfolio risk management. This expertise can be applied to help institutions grow more profitably while mitigating risk. Specific areas of focus for consulting services include:
Credit Risk Management:
- Management Reporting: creating dashboards & automated reports
- Credit Memo: developing or improving templates
- Loan Pricing: advising on inputs & cost-factors for loan pricing models
- Risk Rating: suggesting best practices for risk rating matrices & annual review
- Cash Flow Analysis: teaching how to calculate & interpret cash flow from accounting & credit perspectives
Portfolio Risk Management:
- Management Reporting: creating dashboards & tailoring disclosure reporting
- ALLL Narrative: building & automating templates
- Q Factors: creating supporting documentation, backtesting & analysis of trend correlations
- Pre/Post Examination Review: role playing as an examiner, creating scenarios & advising on commentary
- Policy Review: recommending improvements to policy & adherence to policy in the calculation
- Board Training: reviewing regulatory expectations, portfolio health
- ALLL Forecasting/CECL Planning: helping the institution to prepare appropriate growth and charge-off assumptions for forecasting future provision expense and planning for changes that might be required with CECL
- Stress Testing: advising on appropriate scenarios, reviewing & presenting results
Sageworks said the consulting services will extend beyond product functionality to coach institutions on credit processes, regulatory compliance and longer-term strategic and risk management planning.