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rm vacuous, self-promotional language about the company's commercial product offering. Sounds like marketing propaganda.
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typo fix.
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'''Sageworks''' is a financial information company founded in 1998 by Sarah Tourville and Brian Hamilton, the company's current chairman.<ref>[http://money.cnn.com/magazines/fsb/fsb_archive/2006/05/01/8376226/index.htm] FORTUNE Small Business.</ref> Hamilton and Tourville started the company in a business incubator in [[Research Triangle Park]], [[North Carolina]]. The company provides financial analysis and data on private companies in the U.S.<ref>[http://blogs.wsj.com/economics/2011/08/23/private-companies-see-record-profits/?KEYWORDS=sageworks] The Wall St Journal</ref> and develops web based software for financial institutions, [[Certified Public Accountant|CPAs]] and private companies.
'''Sageworks''' is a financial information company founded in 1998 by Sarah Tourville and Brian Hamilton, the company's current chairman.<ref>[http://money.cnn.com/magazines/fsb/fsb_archive/2006/05/01/8376226/index.htm] FORTUNE Small Business.</ref> Hamilton and Tourville started the company in a business incubator in [[Research Triangle Park]], [[North Carolina]]. The company provides financial analysis and data on private companies in the U.S.<ref>[http://blogs.wsj.com/economics/2011/08/23/private-companies-see-record-profits/?KEYWORDS=sageworks] The Wall St Journal</ref> and develops web based software for financial institutions, [[Certified Public Accountant|CPAs]] and private companies.


Sageworks' first product was ProfitCents.</ref> The product, while initially designed for business owners, was eventually used by accountants who worked directly with and advised business clients.<ref>[http://www.accountingtoday.com/act_issues/2005_5/13091-1.html?zkPrintable=1&nopagination=1] Accounting Today</ref> While the company continued to develop products directly for private companies following the release of ProfitCents,<ref>[http://smallbiztrends.com/2011/02/sageworks-releases-new-business-owner-and-cfo-specific-applications.html] Small Business Trends</ref> Sageworks also continued to offer solutions to accountants and other financial professionals who worked with small businesses.
Sageworks' first product was ProfitCents. The product, while initially designed for business owners, was eventually used by accountants who worked directly with and advised business clients.<ref>[http://www.accountingtoday.com/act_issues/2005_5/13091-1.html?zkPrintable=1&nopagination=1] Accounting Today</ref> While the company continued to develop products directly for private companies following the release of ProfitCents,<ref>[http://smallbiztrends.com/2011/02/sageworks-releases-new-business-owner-and-cfo-specific-applications.html] Small Business Trends</ref> Sageworks also continued to offer solutions to accountants and other financial professionals who worked with small businesses.


Sageworks is a privately held company, incorporated and headquartered in [[Raleigh, North Carolina]]<ref>[http://www.chicagotribune.com/business/breaking/chi-most-profitable-industries-20140806-story.html] Chicago Tribune</ref> with a second location in [[New York City]].<ref>[http://www.crainsnewyork.com/article/20140925/TECHNOLOGY/140929923/manhattan-fin-tech-incubator-unveiled] Crain's New York</ref> Scott Ogle was named chief executive officer in 2013.<ref>[http://www.bizjournals.com/triangle/blog/2012/12/scott-ogle-named-sageworks-ceo.html] Triangle Biz Journal.</ref> In 2014, Sageworks received the North Carolina Technology Association's 2014 NC Tech Award for customer service. The award recognizes one company a year that showcases leadership and innovation in customer service.<ref>[http://www.bizjournals.com/triangle/news/2014/11/10/ncta-hands-out-2014-tech-awards.html] Triangle Biz Journal.</ref>
Sageworks is a privately held company, incorporated and headquartered in [[Raleigh, North Carolina]]<ref>[http://www.chicagotribune.com/business/breaking/chi-most-profitable-industries-20140806-story.html] Chicago Tribune</ref> with a second location in [[New York City]].<ref>[http://www.crainsnewyork.com/article/20140925/TECHNOLOGY/140929923/manhattan-fin-tech-incubator-unveiled] Crain's New York</ref> Scott Ogle was named chief executive officer in 2013.<ref>[http://www.bizjournals.com/triangle/blog/2012/12/scott-ogle-named-sageworks-ceo.html] Triangle Biz Journal.</ref> In 2014, Sageworks received the North Carolina Technology Association's 2014 NC Tech Award for customer service. The award recognizes one company a year that showcases leadership and innovation in customer service.<ref>[http://www.bizjournals.com/triangle/news/2014/11/10/ncta-hands-out-2014-tech-awards.html] Triangle Biz Journal.</ref>

Revision as of 07:26, 14 February 2015

Sageworks
IndustryComputer Software and Information Technology
Founded1998
FoundersBrian Hamilton, Sarah Tourville
HeadquartersRaleigh, North Carolina, USA
Key people
Brian Hamilton, Chairman
Scott Ogle, CEO
ProductsSolutions for Financial Institutions, Accountants, Business Owners, and CFOs
Websitewww.sageworks.com

Sageworks is a financial information company founded in 1998 by Sarah Tourville and Brian Hamilton, the company's current chairman.[1] Hamilton and Tourville started the company in a business incubator in Research Triangle Park, North Carolina. The company provides financial analysis and data on private companies in the U.S.[2] and develops web based software for financial institutions, CPAs and private companies.

Sageworks' first product was ProfitCents. The product, while initially designed for business owners, was eventually used by accountants who worked directly with and advised business clients.[3] While the company continued to develop products directly for private companies following the release of ProfitCents,[4] Sageworks also continued to offer solutions to accountants and other financial professionals who worked with small businesses.

Sageworks is a privately held company, incorporated and headquartered in Raleigh, North Carolina[5] with a second location in New York City.[6] Scott Ogle was named chief executive officer in 2013.[7] In 2014, Sageworks received the North Carolina Technology Association's 2014 NC Tech Award for customer service. The award recognizes one company a year that showcases leadership and innovation in customer service.[8]

Sageworks obtains from its customers and makes commercially available via its proprietary database, data on the financial performance of privately held companies. The company collects private company financial statements from its clients and the data is aggregated by industry and used to generate the Sageworks private company indicator, which shows private-company sales growth and profit margins.[9][10]

Private company owners are under no obligation to disclose highly sensitive company data. Indeed, such business information is often protected and not made available publicly. Sageworks requests[11] fully informed consent and authorization from its customers to disclose such information. Sageworks Terms of Use[12] requires that customers represent that they are authorized to provide private company information. This authorization falls short of the professional standard of care expected of business advisers such as accountants under an accountant-client privilege.

The service requires that customers enter highly sensitive private company data that is retained on Sageworks computer systems. At the same time, the company repackages and resells the customer data that is offered as business intelligence information consisting of financial and operational data it collects about private companies, less the personally identifiable information.[13]

Sageworks Terms of Use[14] Policy contains the hold harmless clause seeking to shield Sageworks from responsibility for any claims, actions, investigations, or liabilities resulting from use of its products. According to the Terms of Use, the sole remedy of Sageworks customers is the requirement that they indemnify Sageworks for any damages against from third party claims resulting from Sageworks' possession and use of customer provided data.

The company explains that it uses both a secure sockets layer (SSL) that encrypts information entered online as well as a GeoTrust Security Certificate to protect the confidentiality and security of customer information during its transmission to Sageworks' servers.[15]


References

  1. ^ [1] FORTUNE Small Business.
  2. ^ [2] The Wall St Journal
  3. ^ [3] Accounting Today
  4. ^ [4] Small Business Trends
  5. ^ [5] Chicago Tribune
  6. ^ [6] Crain's New York
  7. ^ [7] Triangle Biz Journal.
  8. ^ [8] Triangle Biz Journal.
  9. ^ [9] Fox Business.
  10. ^ [10] Fox Business.
  11. ^ [11] Sageworks privacy policy
  12. ^ [12] Terms of Use Policy
  13. ^ [13] Sageworks privacy policy
  14. ^ [14] Terms of Use Policy
  15. ^ [15] Sageworks Security Policy
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