LenderAnalyzer is the Validis alternative for lenders that need to analyze a borrower's financials from the documents they actually have, not a live connection to the borrower's accounting system. Spread tax returns and financial statements and analyze bank statements, get cash flow, DSCR and existing-debt figures, from a flat $99 a month. No QuickBooks or NetSuite login from the borrower required. Analyze a live document on this page.
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Validis solves a specific problem well: it connects to a borrower's accounting system (QuickBooks, NetSuite, Sage, Microsoft Dynamics and more than 20 platforms in all), pulls transaction-level general-ledger data, runs integrity checks and hands the lender standardized financials, plus live borrowing-base and collateral monitoring for asset-based lending. When the borrower will connect their books, that direct feed is richer than any document. The catch is in that condition. A Validis file needs the borrower to grant access to their accounting system, which means the borrower has to be on a supported platform, keep their books current, and be willing to connect them, and plenty of small-business borrowers are none of those things. When the borrower will not or cannot connect, you are back to the documents: the tax returns, the year-end financials, the bank statements. LenderAnalyzer works from exactly those. Upload the PDFs a US lender already collects and get the spread, the cash flow, the debt service coverage and the existing-debt figures computed, every value traceable to its source page, self-serve from $99 a month. To be fair to Validis: when a borrower is on a supported accounting system and connects it, Validis gives you live GL-level data and ongoing ABL monitoring that a document snapshot cannot match. The comparison below is honest about which situation each tool is built for.
Validis and LenderAnalyzer both give a lender standardized financials, but they get there from opposite ends. One pulls from the borrower's live accounting system; the other reads the documents the borrower hands over. Which is right depends entirely on your borrowers and your product.
This is the whole question. Validis is at its best when the borrower is on QuickBooks, NetSuite, Sage or another supported platform, keeps their books current, and agrees to connect them. Middle-market and ABL borrowers with a controller usually will. A large share of small-business and MCA borrowers will not: their books are behind, they are on an unsupported system, or they simply will not grant access. When the connection does not happen, an accounting-integration tool has nothing to read, and you fall back to documents anyway. If most of your borrowers would connect, Validis is a strong fit; if most would not, a document-based tool is the one that works on every file.
A direct accounting feed gives you transaction-level general-ledger data that refreshes, which is why Validis is well suited to ongoing borrowing-base and covenant monitoring in asset-based lending. A document is a snapshot: the tax return is last year's, the financial statement is as of a date, the bank statements cover a period. For an origination decision, the document snapshot is usually what you underwrite on anyway, and it is what every borrower can produce. For continuous collateral monitoring on a revolving line, live data has a real edge. Match the data model to whether you are deciding once or monitoring continuously.
An accounting-system connection reads the borrower's books, which reflect what the borrower recorded. Bank statements reflect what actually moved through the account, and the two are not the same: undisclosed advances, owner draws, NSF activity and transfers show up in the statement whether or not they were booked cleanly. LenderAnalyzer reads the bank statements directly and computes true revenue net of transfers, NSF and negative days, average daily balance and existing-debt and stacking detection, the signals that catch a borrower whose books look better than their account. A tool that only reads the general ledger cannot see what the ledger left out.
Connecting an accounting system is an onboarding step every deal: the borrower authenticates, you configure the pull, and you depend on the integration staying current with each accounting vendor's API. That is worth it for a monitored ABL relationship. For transactional underwriting where you just need to spread the file in front of you, it is friction. LenderAnalyzer has no connection to set up: the analyst uploads the tax return, financial statement or bank statement and gets the spread within minutes, self-serve, exportable to Excel or over a REST API. Decide whether your workflow rewards a standing data feed or a fast per-file analysis.
How LenderAnalyzer and Validis compare for US lenders, and where each one is the better buy. Last updated July 2026. Validis is quote-based with no public pricing, so confirm current figures with the vendor.
| Software | Data source | What it does | Pricing | Best for |
|---|---|---|---|---|
| LenderAnalyzer This page | The documents the borrower provides: tax returns, financials, bank statements | Extracts and spreads financials, computes cash flow, DSCR, NSF, existing-debt and stacking; exports to Excel and via API | Flat $99 to $399/mo, published, self-serve | Lenders underwriting from documents, including borrowers who will not connect their books |
| Validis | A live connection to the borrower's accounting system (QuickBooks, NetSuite, Sage, Dynamics, 20+ platforms) | Pulls transaction-level GL data, standardizes financials, runs integrity checks, live borrowing-base and covenant monitoring | Quote-based, no public pricing | ABL and middle-market lenders monitoring borrowers who will connect their accounting system |
| Ocrolus | Documents: bank statements, pay stubs, tax forms | Lending-grade extraction plus cash flow, income and fraud analytics | Metered per document, rates not published | Larger lenders standardizing on one reference extraction vendor |
| Moody's CreditLens | Spread financials plus Moody's reference data | Enterprise spreading, dual risk rating models and portfolio benchmarking | Quote-based enterprise, per-record and per-module | Large institutions standardizing spreading and rating across a big book |
Comparison compiled by LenderAnalyzer from public vendor materials, June 2026. Competitor names are trademarks of their respective owners; figures may change, so verify current details with each vendor.
Computed deterministically from every extracted transaction, every figure traceable to its source line.
Computed across the full statement period, carried forward day by day.
Deposits vs withdrawals and net flow, broken down month by month.
Every insufficient-funds and overdraft incident counted, with fees totaled.
Recurring deposits grouped into income streams with estimated monthly amounts.
Debits to other lenders and funders detected and totaled per month.
Days below zero across the period, a direct stress signal.
The biggest credits with dates and sources, concentration flagged.
Automatic red and yellow flags your analysts can review in seconds.
Drop in PDFs, scans or photos, one statement or a multi-month package, from any bank.
Every transaction is extracted, then cash flow, balances, income streams, NSF activity and debt payments are computed.
Read the underwriting snapshot, download the Excel report, or pull structured JSON into your LOS via API.
28 lending document types extracted out of the box, build the complete picture of an applicant's financial situation.
Common questions from lending and credit teams.
Validis is a financial data platform that connects to a business borrower's accounting system (QuickBooks, NetSuite, Sage, Microsoft Dynamics and more than 20 platforms), extracts transaction-level general-ledger data, runs integrity checks like double-entry and formatting validation, and delivers standardized financials to the lender through a portal or API. For asset-based lending it adds live borrowing-base calculation, collateral monitoring and covenant tracking with early-warning updates. Its strength is pulling clean, structured data directly from the source system rather than from documents.
It depends on whether your borrowers will connect their accounting system. If they will, and you want live GL data and ongoing ABL monitoring, another accounting-integration tool is the closest like-for-like. If many of your borrowers will not connect their books, or you underwrite from tax returns, financial statements and bank statements, LenderAnalyzer is the alternative that works on every file: it reads the documents you already collect and computes the spread, cash flow and existing-debt figures self-serve from $99 a month.
The difference is the data source. Validis connects to the borrower's accounting system and pulls live general-ledger data, which is powerful for continuous ABL and covenant monitoring but requires the borrower to be on a supported platform and to grant access. LenderAnalyzer reads the documents the borrower provides, tax returns, financial statements and bank statements, and computes the spread and cash flow from those, so it works even when the borrower will not connect their books. Validis is built for a live accounting feed; LenderAnalyzer is built for document-based underwriting.
No, and that is the deliberate distinction. LenderAnalyzer does not connect to accounting systems or pull live general-ledger data. It reads the documents a borrower provides, tax returns, financial statements and bank statements, and computes the analysis from those. That means there is no borrower login to configure and nothing depending on an accounting-system integration, so it works on any borrower who can send a PDF, including the many small-business borrowers who will not or cannot connect their books. If a live GL feed is what you need, Validis is built for that.
Because a large share of borrowers will not connect their accounting system: their books are behind, they are on an unsupported platform, or they will not grant access. When that happens, an accounting-integration tool has nothing to read and you underwrite from documents anyway. Document analysis also sees what the general ledger can miss, since bank statements show what actually moved through the account, including undisclosed advances, transfers and NSF activity that the borrower's books may not reflect cleanly. For origination decisions on small-business and MCA borrowers, document analysis works on every file.
Not as a live feed from an accounting system. Validis is built for ongoing ABL monitoring, refreshing borrowing-base and covenant data directly from the connected general ledger, which is its clear strength. LenderAnalyzer analyzes the documents you collect at each review, so it supports a borrowing-base review from the financials and statements you have on hand, but it does not maintain a continuous connection to the borrower's accounting system. If continuous, automated collateral monitoring from live GL data is your requirement, Validis is the better fit for that specific job.
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