Financial Spreading Software

Baker Hill

Credit analysis suite

Baker Hill's statement spreading software processes tax returns and financial statements into standardized spreads with projections, and creates covenant records during the spread itself. The complete RMA Annual Statement Studies database is included, and two named banks bought spreading as their entry point, though the NextGen platform name retires in 2026 in favor of UN/FY.

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What it is

Baker Hill's statement spreading product takes tax returns and financial statements and runs automated processing so nobody keys the numbers into a spread. Out of it come standardized spreads with calculated metrics, forward-looking projections, covenant records, and data passed on to the credit memo. The covenant handling is the part worth noting: the page tells lenders to create the appropriate covenants while spreading, which makes it the only product in this set where the covenant record is a by-product of the spread rather than a separate exercise. Peer benchmarking uses the complete latest RMA Annual Statement Studies database, built on more than 150,000 financial statements across over 600 industries, and it is included rather than licensed separately. The page references GDSC and GCF calculations, which is the global cash flow hook, though the spelled-out phrase appears in the wider platform description rather than on the spreading page itself. Document extraction is branded Intelligent Documents and Data. Baker Hill positions spreading as the on-ramp to digitizing the rest of the credit process, which matches how two of its named banks bought it. The platform is mid-transition: the NextGen name is being retired in 2026 and the origination suite moves under the UN/FY brand, built on Microsoft Azure Cosmos DB and Microsoft Fabric, per the launch release of 6 November 2025.

What it does

  • Automated tax return and financial statement processing that removes the keying step
  • Covenants created during the spread rather than as a separate record afterwards
  • Standardized spreads with calculated metrics plus forward-looking projections
  • Complete RMA Annual Statement Studies database included, over 600 industries
  • Spread data pushed onward into the credit memo

Strengths

  • Covenants are created inside the spreading workflow, which is the clearest covenant story in this category and the reason portfolio monitoring does not start from scratch
  • The full RMA Annual Statement Studies database is included, built on more than 150,000 financial statements across over 600 industries
  • The only vendor here with direct published evidence that spreading is sold as its own entry point: Amalgamated Bank and Studio Bank both selected statement spreading specifically
  • Backed by Flexpoint Ford with disclosed operating scale, including more than $7 billion in lending originations processed monthly
  • Publishes client tenure rather than implying it: 87 clients of 20 years or more, and an 11-year average

Considerations

  • Brand instability at an awkward moment for a buyer. The NextGen name retires in 2026 in favor of UN/FY, so contracts, documentation and reference calls will straddle two product names for a while
  • UN/FY's headline numbers are projections rather than measured results, and two live pages disagree on whether underwriting moves from weeks to minutes or from weeks to hours
  • The $7 billion monthly origination figure and the 20,000 banker count are vendor-claimed, unaudited, and describe the whole origination suite rather than spreading
  • Global cash flow is not spelled out on the spreading page itself, only the GDSC and GCF abbreviations, and no customer count, asset band or pricing is published anywhere

Best when

You want to start with spreading, keep the covenant record from day one, and get RMA data in the same contract.

Where it ranks

#4 in Best Financial Spreading Software for Banks and Credit Unions

Best covenant handling inside the spread

#2 in Best Financial Spreading Software for Community Banks

Best first purchase

#3 in Best Financial Spreading Software for Credit Unions

Best credit union footprint

#10 in Best Tax Return Spreading Software for Business and Personal Returns

Best return-to-covenant path

#9 in Best Global Cash Flow Analysis Software for Commercial Lenders

Best coverage-to-covenant link

Baker Hill FAQ

Is Baker Hill NextGen still the product name?

Not for much longer. Baker Hill's own UN/FY launch release of 6 November 2025 states the NextGen platform name will be retired in 2026, with the origination suite moving under UN/FY, where the capability is called Spreading and Analysis. Ask which name your contract and support path will use.

Can spreading be bought without the full origination suite?

Yes, and Baker Hill is the only vendor here with published proof of it. Amalgamated Bank selected its statement spreading product, and Studio Bank chose the platform for statement spreading, both announced in the vendor's own news releases.

Does it do global cash flow?

The spreading page references GDSC and GCF calculations, and the spelled-out phrase appears in the wider platform description rather than on the spreading page. Treat it as present but ask for a demonstration on a multi-entity borrower with guarantors.