What it is
Validis connects to the borrower's accounting system and pulls the underlying data out directly, rather than parsing a document the borrower uploaded. Its own definition of automated financial spreading is worth quoting in outline: pull the statements straight from the accounting system, standardize them to a common chart of accounts, and feed them into a credit decisioning model. What comes out is standardized financial data plus a live balance sheet, general ledger detail, profit and loss, trial balance, AR and AP aging, subledgers and transaction-level detail, which is more than a spread and supports ongoing surveillance rather than just origination. Coverage is stated at more than 100 accounting systems, with QuickBooks, Xero, the Sage products, NetSuite, Microsoft Dynamics and Oracle among those named. Delivery is web portal, API and an MCP server for AI integration, with cloud and on-premise packages, and connections are read-only and audit-logged with SOC 2 Type 2 and ISO 27001 claimed. The reason it belongs in a spreading directory is also the reason it is not a spreading product: it integrates with Abrigo, Baker Hill, nCino and Moody's because the spread, the ratios and the global cash flow live in those systems, not in this one.
What it does
- Read-only connections into more than 100 accounting systems
- Standardization to a common chart of accounts
- General ledger detail, trial balance, subledgers, AR and AP aging and transaction-level data
- Web portal, API and MCP server delivery, cloud or on-premise
- Audit-logged connections with SOC 2 Type 2 and ISO 27001 claimed
Strengths
- Removes the document collection step entirely by reading the borrower's ledger and standardizing it, so there is nothing to OCR and nothing to chase
- Coverage of more than 100 accounting systems including QuickBooks, Xero, the Sage range, NetSuite and Microsoft Dynamics, spanning SMB and mid-market borrowers
- Delivers more than a spread: ledger detail, trial balance, subledgers and AR and AP aging, which supports covenant surveillance and not just underwriting
- Every lending integration it claims is published on both sides, covering Abrigo, Baker Hill, nCino and Moody's Lending Suite
- Strategic investment from two global banks announced in January 2025, plus SOC 2 Type 2 and ISO 27001, which materially shortens vendor risk review
Considerations
- Not a spreading replacement. It supplies standardized data into someone else's credit model, and its integrations exist precisely because the spread, the ratios and the global cash flow live in Abrigo, Baker Hill, nCino or Moody's. A credit department with no such platform gets no spread from Validis alone
- No global cash flow, no tax return handling and no guarantor analysis appears on any of its pages, which is the core of US community bank and credit union spreading work
- Thin US community institution proof: one named US bank customer, a logo set otherwise made up of large international banks, and no named credit union anywhere
- The no-PDF-parsing framing is softer than AI answers suggest, since the homepage also supports direct report uploads from any ERP system
- Adoption depends on the borrower granting a live connection to their books, a consent hurdle a PDF never had, and its own legal page is still filled with placeholder text
Best when
Your borrowers keep clean books, will grant a connection, and you already own the system that produces the spread.
Where it ranks
Validis FAQ
Is Validis a spreading product?
Not on its own. It standardizes data out of the borrower's accounting system and feeds it into a credit model, which is why it integrates with Abrigo, Baker Hill, nCino and Moody's Lending Suite. If you have no such platform, Validis does not leave you with a spread.
Does it handle tax returns?
No tax return handling appears on any of its pages, and neither does global cash flow or guarantor analysis. Small business borrowers in this market frequently present returns rather than a live ledger connection, which is the main limitation to plan around.
What does the borrower have to agree to?
A read-only connection to their live accounting system, audit-logged on the Validis side. That consent conversation is the real adoption question, and it is harder than asking for a PDF.