Released on: July 18, 2008, 6:58 am

Press Release Author: Sageworks, Inc.

Industry: Software

Press Release Summary: Sageworks Inc., the developer of ProfitCents Analytical
Procedures, is assisting Certified Public Accountants (CPAs) to comply with a series
of new Statements on Auditing Standards (SAS).

Press Release Body: Sageworks Inc., the developer of ProfitCents Analytical
Procedures, is assisting Certified Public Accountants (CPAs) to comply with a series
of new Statements on Auditing Standards (SAS). CPA firms are reconsidering their
approach to auditing financial statements as they assess the impact of what is
commonly being referred to as the "new risk assessment standards".

Under the new standards, the procedures and documentation requirements for
compliance have become more stringent. Louis Stratton, CPA of Meador Stratton, LLP
in Highland, IN is using ProfitCents Analytical Procedures to save time in his audit
engagements. Stratton says, "It would take days to prepare what we are getting with
ProfitCents in a matter of minutes."

The new standards are intended to enhance the overall quality and effectiveness of
audits. ProfitCents Analytical Procedures provides a solution for CPA firms by
automating and standardizing analytical review performed during the audit to comply
with the new requirements. "As new risk assessment standards become effective, we
look forward to continue to develop new technologies that enable accountants to work
seamlessly and efficiently" says Brian Hamilton, Chief Executive Officer of
Sageworks, Inc.

ProfitCents Analytical Procedures is a software application that enhances
traditional trial balance software used by auditors. Unique features include the
capability to identify fraud risks, calculate statistical trends, develop
expectations and perform private company industry comparisons. CPAs also use the
ProfitCents Analytical Procedures to enhance their client communication and service
by generating narrative financial management reports.

"With the new audit standards coming out, we find ProfitCents more and more useful
in our planning stages," says Jim Lovelace, CPA of Beach Fleischman & Company in
Tucson, AZ.

To learn more, view an online video at www.profitcents.com/freevideo/ .

Web Site: http://www.profitcents.com/freevideo

Contact Details: 5565 Centerview Drive, Suite 201
Raleigh, NC
27606
866-603-7029