Five products from Sageworks were made available to financial institutions using account processing platforms from Fiserv Inc. This strategic partnership combines Fiserv’s account processing services and lending, account origination, and business analytics with Sageworks’ credit analysis and loan portfolio management solutions. The Sageworks’ suite collects and analyzes data, identifying and monitoring emerging loan portfolio risks, and measuring and reporting the impact those risks represent.

Financial institutions that use account processing platforms from Fiserv will have access to the solutions from Sageworks, including solutions for global cash flow analysis, risk rating management, loan administration, loan portfolio stress-testing, and allowance for loan and lease losses management.

“Loan portfolios represent the largest assets for most of our clients and are their predominant source of revenue. Diverse loan portfolios require detailed insight into enterprise risk scoring, credit analysis and stress testing, particularly for mid-to-large sized banks,” says Kevin Collins, president, Lending Solutions, Fiserv. “Through this partnership, Fiserv clients can reduce the time, effort, expense, and complexity of managing loan portfolios and credit functions, while also managing the risk inherent in credit processing.”

Five Sageworks’ products are now available to financial institutions operating on account processing platforms from Fiserv:

•    Sageworks Analyst enables credit analysis of commercial borrowers by performing a global cash flow analysis, and provides industry benchmarking of business borrowers and automated credit memo preparation.

•    Sageworks Surety is an ALLL calculation module that calculates and summarizes loan reserves. Because the module’s ALLL calculations are more accurate than historically based projections, the solution helps to address the concerns of shareholders and examiners.

•    Sageworks Certainty enables financial institutions to use their internal policies to risk rate each loan after a lending decision is made.

•    Sageworks Clarity enables financial institutions to stress-test entire portfolios through a number of “what if” scenarios that change values, such as interest rates, loan-to-value ratios and risk ratings.

•    Sageworks Monitor is a loan tracking module that creates exception reports, automates client correspondence and integrates with the bank’s core solution to monitor loan portfolios.

“Managing credit risk in the loan portfolio is critical to running a profitable institution, particularly given the current economic environment. Doing this efficiently is more difficult than ever and many banks need solutions that significantly reduce the data-gathering challenges and inaccuracies tied to disparate and error-prone processes,” says Scott Ogle, president of Sageworks.

Financial institutions may purchase Sageworks’ products individually, or in any combination, to best meet their individual needs. Fiserv will deliver all products through the centralized account management, implementation, and support channels that are part of the Fiserv full-service client relationship.

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