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ProfitCents (http://www.profitcents.com) is a web-based application created by Sageworks, Inc. (http://www.sageworksinc.com). Currently, the ProfitCents automated financial analysis software suite consists of four main components: 1. Plain Language Reporting Tools- For-profit, nonprofit, and personal financial analysis. 2. Analytical Review / Audit Tools- For-profit and nonprofit financial auditing. 3. Private Company Industry Information- real-time private company industry benchmarks. 4. Business Projections & Valuations- Performs financial forecasts and projections. In addition, automatic business valuations. Goals:
Provide easy-to-use financial and analytical tools to help people make better decisions. Many ProfitCents users tend to be financial professionals who have a need and desire to perform analysis more quickly. Overview / Methods Nearly all of Sageworks' technologies are built on "FIND", a patented technology that converts financial numbers into narrative text. "FIND" is a truly expandable and adaptable technology. FIND Engine Technology - Patent Number 6,968,316
"Systems, Methods, and Computer Program Products for Producing Narrative Financial Analysis Reports." For a more, in-depth online demonstration of the ProfitCents suite visit: http://www.profitcents.com/freevideo
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What is ProfitCents Public?
ProfitCents Public analyzes publicly traded companies by using ratio analysis, trend analysis, and industry comparison analysis. In addition, ProfitCents Public translates public company financial statements into plain English, written reports that are easy to understand and extremely valuable when making investment decisions regarding stocks. Information found at http://www.profitcentspublic.com
Is there software for personal financial analysis?
Yes there are several types of software for personal financial analysis. First, you need to figure out what you EXACTLY want to analyze. For example, do you want a report card of your financial position? Or, do you need to figure out how much of a house you can afford with your current budget. There are A LOT of other things you should analyze too, just use Google for some general information about "personal financial analysis." One thing I talk a lot about is ProfitCents. ProfitCents is a web-based software application that, at its core, does complicated financial analysis. There are several modules in ProfitCents like non-profit financial analysis, for-profit business analysis, and personal financial analysis. The ProfitCents tool for personal analysis is called "My ProfitCents." This application can provide you with a written explanation of your finances. It's easy-to-use and can be accessed from any computer with internet.
Is there software for Non-profit financial analysis?
Yes there is software that will allow you to perform nonprofit financial analysis. It's called ProfitCents and can be found at www.profitcents.com. The ProfitCents for Nonprofits report is designed to analyze nonprofit organizations. Included in the report is narrative text, graphs, ratio analysis, and peer comparisons. Accountants use this report for presentations to nonprofit managers, board members, or leaders who understand how to run an NPO, but who may not understand financial analysis or how it applies to an NPO.
What is automated financial analysis?
1. Financial Analysis refers to an assessment of the viability, stability and profitability of a business, sub-business or project.It is performed by professionals who prepare reports using ratios that make use of information taken from financial statements and other reports. These reports are usually presented to top management as one of their bases in making business decisions.2. Automation is the use of control systems such as computers to control processes, reducing the need for human intervention.SO, automated financial analysis is using computers with control systems (an expert system with rules) to analyze financial information.HOW DO YOU DO THIS? There is a program called ProfitCents that performs automated financial analysis. ProfitCents is a web-based application that allows users to input an income statement and balance sheet to generate a text write-up of the financial performance of a person, business, or non-profit organization.
Is there such thing as non-profit organization automated financial analysis?
Yes. And also non-automated financial analysis for NPOs. But there is a way to use computers/expert systems for financial analysis for both for-profit and not-for-profit financial analysis. Sageworks makes a program called "ProfitCents for Non-profits" that does just that. Just enter your financial information from your NPO into the program and a narrative text report is generated. https://www.profitcents.com/USEN/sampleinformation.aspx?report=nonprofit
