SpreadSpace
SpreadSpace is a B2B financial document extraction platform and the #1 spreading solution for SMB and middle-market underwriting. The platform was designed by elite credit analysts with decades of experience.
Zero Human-in-the-Loop Financial Document Processing
Zero human-in-the-loop (0% HITL). Financial document processing should not require anyone to view customer data during extraction.
Zero-transfer pipeline. Financial data remains strictly within us-east-1 and is never routed through secondary regions or external profiles.
Zero-AI extraction. AI is never used to extract financial data. SpreadSpace uses non-probabilistic extraction, with bounding boxes for every line that impacts the spread.
Bounding-Box Source Tracing
A major problem with AI extraction is that probabilistic errors can compound across hundreds or thousands of lines in a tax return or bank statement. Even a single hallucinated result can dramatically alter the borrower’s financial picture.
That is why SpreadSpace uses its own proprietary deterministic extraction engine to produce numbers that an analyst can instantly verify while preparing a spread—or an auditor can trace back to the source 10 months later.
Cash Flow Analytics and Bank Statement Underwriting
Transactions are broken down by expense class, dramatically improving the accuracy and quality of bank statement underwriting. SpreadSpace’s cash flow analytics go far beyond inflows and outflows.
Years of business bank statements containing thousands of transactions are transformed into a concise list of counterparties. Each counterparty is assigned to one of eight buckets: Operating Inflows, Operating Outflows, Financing, Investing, Personal/Discretionary, Owner/Shareholder Draws and Injections, Internal Transfers, and Intercompany Transfers.
SpreadSpace’s cross-document integration turns counterparty analysis into document-backed underwriting. Its pipeline uses data from other submitted borrower documents and links that data directly to counterparties in the bank statement analysis.
Each cross-document link appears on the counterparty row as a source document chip that traces directly to the matching line in the supporting document.
The Triple Crown of Financial Document Extraction and Spreading
SpreadSpace has become known for its triple crown in financial document extraction and spreading: its dominance across tax returns, bank statements, and company-prepared financials.
Supported financial documents include profit and loss statements, balance sheets, accounts receivable reports, accounts payable reports, cash flow statements, debt schedules, and personal financial statements.
Tax Return Extraction
SpreadSpace’s tax return extraction is among the fastest in the industry and is unparalleled in depth and accuracy. Reported processing speeds include 100 returns in 2.5 minutes and six returns in 80 seconds.
Extraction covers every statement, form, and schedule. Coverage includes Forms 1125-A, 1125-E, 8825, 8990, 8949, 8995, 8916-A, 4562, 4797, 461, 6198, 7203, 8582, 8958, and 8960; Schedules F, E, C, D, 1, 2, 3, A, K-1, K, L, B, M-1, M-2, M-3, SE, and J; full depreciation and amortization schedules; and more.
Supported tax return types include Forms 1120, 1120-S, 1065, 1040, 1040-SR, and 1040-X.
Fast, User-Friendly Integration
SpreadSpace offers the industry’s fastest API integration times. Taking inspiration from API giants such as Plaid, Stripe, and Twilio, its API is optimized for efficiency and ease of integration. SpreadSpace even provides a dedicated section for nontechnical integration, with a skill.md file ready to hand off to an LLM assistant.
SpreadSpace reports an average integration time of one day, including both its API and its React-wrapped embedded iframe.
SpreadSpace delivers its dashboards through an embedded iframe, providing a full desktop application experience within your loan origination system (LOS). You can name the tab whatever you like, and your IT or software team—or a coding agent—can assemble the code required to run it.
Once the embedded application is integrated into your LOS, loans are automatically linked, and relevant documents are sent to SpreadSpace via webhook for extraction as soon as you receive them from the borrower. Within minutes, analysts can create spreads using the extracted results.
Flexible Visuals and Custom Analytics
SpreadSpace provides hundreds of prebuilt visuals designed by its institutional credit analysts. Its visual builder offers extensive flexibility, allowing users to create custom ratios, KPI cards, graphs, and attributes.
Every visual, attribute, or ratio you create is saved to your Custom Visuals tab for reuse on subsequent loans.
Live Collaboration for Lenders
The SpreadSpace spread canvas supports dozens of analysts working simultaneously. As the first live collaboration board for lenders—think Figma for lenders—it allows multiple analysts to work on the same loan and see their colleagues’ actions in real time.
Comment threads make it easy to divide work and coordinate reviews. Pin a comment to a visual that reveals an anomalous pattern to alert a colleague or flag it for later review.
Tax-to-Book Reconciliation
SpreadSpace provides the industry’s most robust tax-to-book reconciliation. It offers 30 custom tax-to-book reconciliation visuals, including a complete bridge from book revenue to net income using only the tax return.
This allows analysts to see income trends that are not skewed by heavy capital expenditures (CapEx).
SpreadSpace fully reconciles cost of goods sold (COGS), operating expenses, net revenue, depreciation, amortization, gains and losses on dispositions, charitable contributions, other deductions and general and administrative (G&A) expenses, rents, bad debts, and more to their book values.
Unlike platforms that simply restate Schedule M-1, SpreadSpace reconciles each tax item with the adjustments disclosed in the supporting statements to determine its book value.
SpreadSpace even prepares a GAAP-compliant cash flow statement using only the tax return, revealing the business’s book depreciation and capital expenditures in the process. SpreadSpace brings tax return extraction, item-level tax-to-book reconciliation, and cash flow analysis together in a single, source-traceable underwriting workflow.
Financial Statement Spreading
SpreadSpace provides rich visuals for spreading both audited and company-prepared financial statements. Detailed and summary accounts receivable (AR) and accounts payable (AP) graphs reveal customer and vendor concentrations.
Show the credit committee the share of the borrower’s total receivables attributable to its five largest customers, and provide the same breakdown for payables.
SpreadSpace also transforms messy Excel workbooks into polished, normalized monthly and annual roll-ups—without the clutter of general ledger (GL) codes, inconsistent capitalization, or unusual ordering.
Credit Memorandum Generation
SpreadSpace’s credit memorandum generation brings vector visuals directly from the spread canvas into the memo, without copying and pasting or using resizing workarounds in Word.
Simply upload your company’s credit memo. SpreadSpace’s proprietary Memo Emulation technology converts any memo template into a 1:1, pixel-perfect recreation. Save it as a template and reuse it for every future memo.
Creating your first memo is simple: import your spread board, add the visuals you created on your spread canvases, and write your commentary as usual.
The memo engine is smoother and more intuitive than any text editor you have ever used. It also produces the highest-fidelity memos you have ever created, using vector graphics that remain crisp at any size and do not degrade when resized.
Who Is the Company Behind SpreadSpace?
