Accurate Financial Analysis and Deep Insights
Get insights into the financial performance of borrowers to mitigate risk and make sound, consistent underwriting decisions.
Every Journey Starts with One Step
Statement spreading software is a first step in digitizing your processes to create consistency and streamline underwriting decisions.
Create Consistent Analysis
Control spreading templates and make analysis easier.
Trace Data Back to the Source
Know where data came from, how it changed, and where it’s used.
Enter Data Once, Use It Everywhere
Push data from your spreads to your credit memo seamlessly.
Empowering the Digital Journey
Spread Statements
Spread tax returns and financial statements to gain insights into your borrower’s performance.
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Conduct Financial Analysis
Spread financials and analyze data to calculate GDSC and GCF while maintaining data integrity and traceability.
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Run Projections
Take a look into the future with projections to understand how possible future performance impacts financial risk.
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Create and Track Covenants
Create the appropriate covenants while spreading to keep a pulse on your portfolio and maintain focus on risk management.
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Collect Documents
Provide a modern interface, streamline communication and easily collect the documents you need from borrowers with a client portal.
Continue Your Journey
After taking your first step, we have a guided pathway to help you continue your digital journey and evolution.
Compare Industry Performance Data
Pull in RMA data to compare your borrowers’ performance to the performance of their peers.
The Big Breakup: It’s Not You, It’s Your Spreadsheets
Learn how to streamline processes and reduce risk in our guide.
Your Path Starts With Statement Spreading
Streamline Processes and Create Opportunities
Financial institutions are ditching spreadsheets to create more consistency.
Loan and Member Growth
Unlocking efficiency and growth
Streamlined workflows
Partners in growth
Resources for Statement Spreading
Learn how statement spreading software reduces risk.
Frequently Asked Questions
Top questions about statement spreading software
What is statement spreading software and how can it benefit my financial institution?
Statement spreading software automates the process of analyzing financial statements, reducing manual data entry and potential errors. It centralizes data collection, ensuring consistency and accuracy in underwriting decisions.
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How does statement spreading software help eliminate re-keying and reduce errors?
Entering data into a system instead of spreadsheets means you aren’t duplicating efforts or copying and pasting data to complete your work or the chance of typos from keying in data multiple times manually. By entering data only once, statement spreading software eliminates the need for repetitive data entry, significantly reducing errors. This streamlines operations, allowing analysts to focus on critical financial analysis instead of manual tasks.
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Can statement spreading software improve risk management in lending?
Yes, it provides tools for tracking financial risks and comparing borrower data with industry standards. With access to comprehensive databases, such as the RMA Annual Statement Studies®, users can better assess and manage portfolio risks.
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What role do industry templates play in statement spreading software?
Industry templates streamline the setup process by offering best-practice formats for various financial analyses. These templates, like those in Baker Hill’s software, ensure consistent application of credit policies and enhance accuracy.
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Is statement spreading software suitable for both small and large financial institutions?
Absolutely. Scalable solutions like Baker Hill’s are designed to accommodate the needs of both small businesses and large commercial lenders, adapting to various loan types and financial complexities.
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What should I consider when choosing statement spreading software for my business?
Consider factors such as ease of use, scalability, and support for industry-specific templates. Solutions like Baker Hill’s that offer comprehensive features and adapt to your business needs provide long-term value.
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