Sageworks Lending Reviews & Product Details - Page 2

Continuously improving and developing new features. Review collected by and hosted on G2.com.

Sometimes the improvements can be hard to get everyone on board, but sageworks does great with training and keeping users up to date on feature enhancements. Review collected by and hosted on G2.com.

I love the fact that I can see all the items I am working on. It really provides the team full transparency. This really helps reduce any redundancies.

When comapred to the other softwares, this truly is a one stop shop. Review collected by and hosted on G2.com.

I truly wish the in industry data was more robust.

While we are provided a baseline, I would still like to see what is happening in the specific industry similar to IBIS reports. Review collected by and hosted on G2.com.

The cross module functionality and the collaboration with their customers to provide relative enhancements. We use all modules for the lending process and the efficiencies we've gained in doing so have been tremendous. Abrigo also understands that while they are continually striving to make enhancements, some institutions do not always capitalize on those enhancements. Having a team that advises on the best use of the platform has also streamlined our efficiencies. Review collected by and hosted on G2.com.

It can be challenging to get buy-in from all users. While Sageworks provides a lot of training options, we've found we had to have a dedicated individual to really push throughout the organization. Review collected by and hosted on G2.com.

Sageworks / Abrigo is very dynamic and current with the changing environment and the needs of banks of differing sizes. They keep us informed of their updates and improvements and are excellent in all aspects of customer service. Review collected by and hosted on G2.com.

Abrigo has a lot of arms of business which have come together from a variety of backgrounds. At times, there seems to be a disconnect between what is possible today, what is close on the radar and what is completely ready for market. However, the employees are excellent! We have not had any problems where we couldn't come to a win-win solution. Review collected by and hosted on G2.com.

The workflow and Advanced Reporting modules are my absolute favorite. Workflows can provide information as to where processes may need to be improved due to bottlenecking and also used as a resource to ensure all due diligence as well as compliance musts are followed. We use Advanced Reporting to create exception reports that are utilized by the entire lending staff including management. The report is well written, organized and can provide exception percentages for each officer and can be pulled real time. Review collected by and hosted on G2.com.

The Relationship management module can be difficult to maintain only because the options the user has to create a group are vast and everyone seems to do it differently which can result in reporting inefficiencies down the line. Review collected by and hosted on G2.com.

The versatility and flexibility which Sageworks offers in their workflows and loan booking. The integration with a customer-facing portal is also very nice. However, we have not been using that to the fullest extent. Also worth mentioning is the amount of modules and well-integrated 3rd party software to complement to suite. Review collected by and hosted on G2.com.

The main pitfall of Sageworks is that while all the basics are there, the devil is in the details. If you keep to the beaten tracks, it is smooth sailing. Trying to accommodate more custom and or complex products is a challenge. Review collected by and hosted on G2.com.

Sageworks allows many different types of information to be spread and groups for businesses. Also, after running the credit analysis, it will compare the financials against other businesses with the same NAICS code to see how it compares to their peer group. This can help save time for underwriting. Review collected by and hosted on G2.com.

There are a large number of features, and it can be overwhelming to start to work through. I wish there was more formalized training for new employees to go through when they are first starting. Review collected by and hosted on G2.com.

The ease of use of the Sageworks Lending program makes spreading and analyzing financials easier than ever. If you ever have a question on the customer support team has been great in getting answers quickly. Review collected by and hosted on G2.com.

I wish the analysis showed multiple years of dscr without having to click into the historical dscr coverage tab on the spreads. Review collected by and hosted on G2.com.

It practically does all the work for you Review collected by and hosted on G2.com.

As a newer user, sometimes it takes quite a while to figure out where the system is pulling numbers from. Review collected by and hosted on G2.com.

The system is very intuitive for users to learn. The system is also configurable by the business line with little to no IT support needed interally. Review collected by and hosted on G2.com.

Some lack of customization and functionality. Limitations when exporting deals to loan doc software. Lack of loan boarding functionality. Review collected by and hosted on G2.com.