ProfitCents: Financial Analysis and Benchmarking Tools
Helps financial advisors enhance client relationships and improve the financial performance of their business clients through benchmarking, reporting, and forecasting
Helps financial advisors enhance client relationships and improve the financial performance of their business clients through benchmarking, reporting, and forecasting
ProfitCents provides financial analysis, benchmarking, and projection tools for use by accountants, consultants, and financial professionals. The platform is designed to support client reporting, performance evaluation, and strategic planning.
Publisher: ProfitCents (a division of Abrigo)
ProfitCents offers narrative financial analysis and industry benchmarking tools that translate financial data into plain-language reports. Users have access to benchmarking data covering more than 1,400 industries, enabling peer comparison and performance assessment. The platform also includes tools for projection-based scenario planning and informal valuations. Audit and review processes are supported through standardized analytical tools, including ratio and trend analysis. ProfitCents integrates with a range of tax and accounting software solutions, and also supports Excel-based data import for additional flexibility. Reports can be customized to include firm branding and tailored recommendations.
Benchmarking across 1,400+ industries using private company financial data
Narrative reports that translate financial data into plain-language insights with visual elements
Projection analysis for scenario planning, informal valuations, and strategic planning
Tools for audit, review, and risk assessment using ratio and trend analysis
Integration with accounting and tax software including QuickBooks, Xero, UltraTaxCS, and others
Excel import functionality for systems without direct integration
Customizable reports with firm branding and personalized recommendations
Publisher: ProfitCents (a division of Abrigo)
Source:
ProfitCents, developed by Abrigo (formerly Sageworks), sources its financial analysis and benchmarking data through a cooperative model that aggregates anonymized financial statements from a vast network of accounting firms, banks, and credit unions. This collaborative approach has enabled ProfitCents to build one of the largest real-time databases of private-company financial data in the United States, encompassing over 3 million sets of financials across more than 1,400 industries.
Data Collection and Processing
1. Data Aggregation: Financial statements are collected daily from participating organizations. To ensure confidentiality, all data is anonymized and stripped of identifying information before inclusion in the database.
2. Filtering and Validation: ProfitCents employs a rigorous filtering system to maintain data integrity. This includes discarding outliers beyond two standard deviations and ensuring that only data from actual financial statements (not sample data) is used.
3. Classification: The data is organized according to the North American Industry Classification System (NAICS), allowing for standardized industry comparisons.
Benchmarking and Analysis Tools
Utilizing this robust dataset, ProfitCents offers various tools and reports:
Available from: ProfitCents (a division of Abrigo)
1-800-825-8763
info@bvdatauniversity.com
4575 Galley Road, Suite 200E
Colorado Springs
CO 80915
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