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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. The origination suite now carries the UN/FY name, which Baker Hill said in November 2025 would replace NextGen during 2026.

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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. As it read in August 2026, the page referenced GDSC and GCF calculations, which is the global cash flow hook, with the spelled-out phrase appearing 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. Baker Hill's UN/FY launch release of 6 November 2025 said the NextGen name would be retired in 2026, with the origination suite moving under the UN/FY brand on Microsoft Azure Cosmos DB and Microsoft Fabric; by October 2026 its home and commercial lending pages carry UN/FY and no longer mention NextGen. The statement spreading page itself was offline when checked on 1 October 2026, returning a page-not-found error while the site navigation still links to it. The commercial lending page describes intelligent financial spreading and covenant monitoring; the spreading detail above comes from the spreading page as it read in August 2026.

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 transition under way. Baker Hill said in November 2025 it would retire the NextGen name in 2026 in favor of UN/FY, and its site now carries UN/FY, so contracts, documentation and reference calls may still straddle two product names
  • 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 appeared on the spreading page only as the GDSC and GCF abbreviations when that page was last readable, in August 2026; the page was offline on 1 October 2026, 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

#1 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?

Baker Hill's UN/FY launch release of 6 November 2025 said the NextGen platform name would be retired in 2026, with the origination suite moving under UN/FY. By October 2026 the Baker Hill site presents the suite as UN/FY and no longer mentions NextGen on its home or commercial lending pages. 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?

When last readable, in August 2026, the spreading page referenced GDSC and GCF calculations, with the spelled-out phrase in the wider platform description; the page was offline on 1 October 2026. Treat it as present but ask for a demonstration on a multi-entity borrower with guarantors.