Adam Filipponi is the product manager for Sageworks Inc. , a Raleigh, NC-based financial software company. The firm develops financial analysis tools and provides private company financial information. “By doing so,” their website states, “we hope to help people make better financial decisions.” Filipponi joined Sageworks as a financial analyst, focusing on product development. He is currently in charge of managing the development of new software, as well as the maintenance and improvement of existing applications. GlobeSt.com asked Filipponi to explain the products and their potential applications in the real estate sector.

GlobeSt.com: Sageworks promises to transform complex financial numbers into plain language. In brief, tell me about the technology behind that mission.

Filipponi: Our patented expert system takes income statement and balance sheet inputs and calculates a series of financial ratios. The ratios are then benchmarked against industry-specific peers and graded in order to produce a narrative analysis on the company’s financial position. We comment on liquidity, profitability, sales, borrowing and assets usage. The technology was developed to help business owners understand their finances better.

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