WAYNE, Pa., March 12, 2014 /PRNewswire/ -- BizEquity, the industry's first and leading online cloud-based business valuation system and service, announced today its patented solution can now be licensed and used under a private label by financial institutions in the insurance, wealth management and banking sectors. To date, BizEquity has valued more than 13 million businesses worldwide and has licensed its product to 20 financial institutions.
Business valuation is an essential component for every business owner wanting to properly insure, fund, and manage their businesses. BizEquity has made this critical, and once difficult to find information available, with a new revolutionary service offering that enables business owners to know what their business is worth in real-time. By licensing BizEquity, financial institutions can now help their business-owning clients understand what their business is worth in order to better serve, protect and grow them as clients.
According to Bolt Insurance, 50% of all businesses are underinsured. BizEquity's own research found 42% of all businesses are undercapitalized or underfunded.
"With 75% of all business owners not knowing what they are worth and with 7.7 million businesses expected to change hands in the next 10 years, the lack of business valuation knowledge can mean millions of dollars to the bottom line for business owners," said Michael M. Carter, President and CEO of BizEquity. "Through making BizEquity's cloud-based offering available as a private label offering to financial institutions, we are putting the power of knowledge in the hands of agents, advisors, and bankers to help their clients and prospects succeed."
Robert Ritter, founder, chairman and CEO of leading life illustration software company Insmark, commented, "BizEquity is the single greatest lead generation product for insurance agents I have seen in over 30 years."
Perc Moser, COO of Metro Bank, a leading bank servicing the Central Pennsylvania market stated, "BizEquity has helped us bring new prospects into our commercial banking area. Their product helps our clients and prospects better understand the capital they could deploy and use to grow."
George Brown, chairman and founder of Summit Trust, a leading trust and estate planning company, commented, "To truly do proper estate planning as a wealth manager you must know what your client's business and their personal equity are worth."
Financial institutions interested in private labeling BizEquity's patented cloud-based service can learn more at the following URLs:
http://banking.bizequity.com for Loan Officers, Bankers, and Lenders
http://wealthmanagement.bizequity.com for RIA's, Estate Planners, and Wealth Managers
http://insurance.bizequity.com for Insurance Agents and Carriers
BizEquity is the global leader in Business Valuation having valued over 13 million companies. BizEquity is the creator of the industry's first Valuation as a Service (VaaS(TM)) cloud-based online business valuation platform and service. BizEquity answers the most important question for every business owner - "What is my Business Worth?" - and delivers valuable big data intelligence on their performance and valuation in real-time. Through its proprietary and patented business valuation online service, BizEquity delivers an online valuation dashboard as well as a customized 22-page detailed business report, with four different valuation outcomes, in minutes, for a fraction of the cost associated with traditional business valuation methods. BizEquity is headquartered in Wayne, P.A., with satellite offices in Singapore, Sao Paulo, Brazil, and in London, England.