Sageworks has released PinPoint, a new Web-based business valuation software product for CPA firms, valuation firms and private equity firms that complies with the American Institute of CPAs’ standards for valuation services.

The product will calculate projections based on a business’s income, assets and market approaches, enabling valuators to produce a value from each approach and weight them according to the valuation they are performing.

Demand for business valuation services is growing, with an estimated 70 percent of private companies expected to be put up for sale over the next 10 years as the Baby Boomer generation reaches retirement age, according to Sageworks. Valuations are also in demand for raising capital, litigation related to estate planning and divorce, compliance work for financial reporting and corporate reorganizations, and tax and financial planning engagements.

PinPoint can automate aspects of the valuation process so professionals can spend more time on value-added services. The Web-based system allows users to collaborate across the firm.

Sageworks complies with the AICPA’s Statement on Standards for Valuation Services No. 1 and integrates with both existing data and Sageworks’ own private company information database, which allows users to benchmark the performance of a business against similar businesses across 1,400 different industries.

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