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Financial Statement Spreading Programs
I am interested in learning what programs lenders and analysts are using these days to spread financial statements. Which one are you using? Do you like it? Would you like to provide a review, or would you read reviews by others?
Here are a few examples of programs from my memory and from a brief Google search:
Baker Hill Statement Analyzer:
http://www.bakerhill.com/solutions/statementanalyzer/
Moody's KMV RiskAnalyst:
http://www.moodyskmv.com/products/dc_riskAnalyst.html
Tyler Analytics Corporation:
http://www.tyleranalytics.com/
Peldec Decision Systems
http://www.peldec.com/
Here are a few examples of programs from my memory and from a brief Google search:
Baker Hill Statement Analyzer:
http://www.bakerhill.com/solutions/statementanalyzer/
Moody's KMV RiskAnalyst:
http://www.moodyskmv.com/products/dc_riskAnalyst.html
Tyler Analytics Corporation:
http://www.tyleranalytics.com/
Peldec Decision Systems
http://www.peldec.com/
Check out http://www.sageworksanalyst.com/. This is a financial statement analysis program that is used by CPAs and Lenders. Ratios are updated daily real-time by thousands of CPAs doing analysis for their clients. Includes a great narrative report on important ratios and how the business can improve.
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Sageworks has released a flash movie overview of Sageworks Analyst: http://www.sageworksanalyst.com/demo.aspx
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Bill Seidman, former chairman of the FDIC, is on the Sageworks website discussing how their product can relieve some regulatory pressure.
www.sageworksanalyst.com/billseidman
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Here's another software package to add to the list: Web Equity Manager by ECI. Their website is: http://www.eci-equity.com/
And, add one vote for Moody's Financial Analyst. A large local bank uses the Moody's software for credit analysis.
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I would definitely vote for Tyler Analytics (www.tyleranalytics.com). Software is easy to use and several large local banks use TAC CREDIT.
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Harland Financial Solutions also has credit risk management and financial statement spreading software.
Their website is: www.harlandfinancialsolutions.com
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The Harland dedicated site is CreditQuest.com
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We use Moody's for basic analytical work. It's based on the Crowe-Chizek FAMAS program from the early 1980s, and provides a wealth of flexibility for analyzing a broad variety of business types. Specialized industry modules allow analysts to tailor the program to better match the operating parameters and relevant performance measures of specific industries, such as contractors, real estate developers, auto dealers and public utilities. Forecasting capabilities permit long- and short-term projection building, budgeting capabilities and portfolio stress-testing.
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Peldec was purchased by Harland. The software is called CreditQuest -- creditquest.com
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Buker's FSA (Financial Statement Analysis) does a great job and is extremely reasonable in price. I highly recommend it.
www.bukersfsa.com
Buker's also has a tax return analysis software called Buker's Taxanalysis.
www.taxanalysis.com
Both programs can also perform global cash flows.
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Inmatrix offer a complete financial statement spreading and analysis solution in use at some of the leading institutions globally, as well as a huge range of community based institutions across the US.
www.inmatrixinc.com
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Tyler Analytics is a great, easy to use software
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Has anyone heard of/or used a solution called Covarity for spreading and analysis?
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FISCAL Credit Suite provides financial statement spreading, loan analysis, reference to current industry benchmarks, credit memo presentation, and much more. Several thousand end-users at banks, credit unions, and SBDCs have been using FISCAL for well over 20 years.
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