Fully automated statement spreading for a faster, smarter lending journey
Validis has integrated our award-winning accounting integrations into Baker Hill’s market-leading lending platform, Next Gen. As a result, financial institutions can fully automate statement spreading and benefit from an enhanced SMB lending process.
How it works
The bank manages the borrower engagement from within the Next Gen platform. Using Validis technology borrowers are invited to submit their financial statements directly from Next Gen. Once the borrower uploads their financial statements they populate the spreads automatically, eliminating hours of data entry and error prone manual analysis.
Eliminating the data entry and inevitable review of inputs allows the banker to get to the next stage of the process immediately, that being analysis and ultimately progressing to decision. The automatically spread figures are reconciled against the full suite of financial statements deposited for the bankers review by Validis datashare.