Sageworks, a financial information company, announced an integration with Intuit’s QuickBooks Online today. Accountants who use ProfitCents, Sageworks’ flagship financial analysis platform, or Sageworks Valuation Solution will be able to upload client data directly from QuickBooks Online without having to do any manual data entry. The integration saves time and also helps accounting professionals fully collaborate with their clients and easily provide business advice to improve clients’ cash flow and profitability.
The new integration is part of a larger effort on the company’s part to reduce the amount of manual data entry and tedious work required by accounting professionals, an especially pressing concern during times of high activity like tax season. Last year Sageworks unveiled their Electronic Tax Return Reader, a technology that auto-imports financial data from client tax returns and allows financial professionals to build a customized financial report in less than 5 minutes, as well as an integration with Xero, another leading cloud-based small-business accounting software.
Scott Ogle, Sageworks CEO stated, “Our goal is to help accounting professionals focus on providing high-value services to their business clients. The less time that accountants have to spend on inputting and validating data, the more time they can spend with their clients. Our integration with QuickBooks Online is the latest in a series of steps we’re taking to make this possible.”
The new integration with QuickBooks Online allows Sageworks customers to quickly pull in client data, run reports that analyze the data, and immediately generate valuable insights about the client’s businesses or perform a business valuation. Users log into the ProfitCents or Sageworks Valuation Solution, and within the Sageworks platform they will have the ability to log into QuickBooks Online and select which clients’ data should be uploaded into the platform. Once loaded they’ll be able to run narrative analysis reports on that business, compare it to other companies in that same industry, or perform a valuation of that business, with no manual input required.
Sageworks’ users will also have the ability to set up an automated narrative report for all of their clients that use QuickBooks online; this report will be emailed automatically every month to the Sageworks user, who can then share the insight and analysis with their business client. Accountants who use Sageworks products will also be able to set automatic data refreshes to keep their clients’ information up to date.
Sageworks is a financial information company that provides risk management, financial analysis and business valuation solutions to accounting firms and financial institutions. Visit www.sageworks.com to learn more.
ProfitCents by Sageworks helps accountants and financial professionals streamline advisory engagements, audits and reviews. Using the platform, financial professionals can provide clients with actionable, easy-to-understand information they can use to make better financial decisions. The value-added services and information offered in ProfitCents can help accountants generate more leads, increase client retention and create deeper, more profitable relationships. Watch a Demo
Sageworks Valuation Solution helps accounting and valuation firms scale their practices while streamlining the valuation process through a software-as-a-service model. The software generates valuations modeled after AICPA SSVS No.1 standards and allows users to utilize the three, core valuation approaches to ensure the most accurate calculations. Watch a Demo