ProSight Statement Studies Submission Campaign Resource Center

You should contact your Relationship Manager or send your interest directly to the ProSight Statement Studies Team, [email protected]. 

By submitting the anonymized financial statements of your bank’s commercial loan customers, you are improving the quality of this year’s Annual ProSight Statement Studies for Members, and for performing business valuations on prospective businesses, and industries. As a participant of the program, not only do you receive free Annual ProSight Statement Studies books, or ProSight eStatement Studies access, but you join your peers in creating a product that has been a staple of the credit and banking industry for over 100 years! You will also be utilizing your own data as part of your benchmarking, and making credit decisions.

For an acceptable submission file, we request the anonymized financial statements, including all companies/all industries in commercial, middle market, and business banking. This means the balance sheet and income statement. We accept CPA as well as company prepared data, tax forms, etc. We also accept all loan grades, and risk ratings. ProSight will never ask for, or collect any borrower identifying information, except borrower zip code which is only collected to allow us to compile regional data.  

Once you have completed the submission extraction in your software, please be sure to send your submission file(s) to [email protected]. In the subject line, please include your bank name and ProSight Member ID. You will need to send BOTH the submission file and the transmittal file. We are not able to process a submission without its corresponding transmittal. 

There are no additional costs associated with submitting your financial statements to ProSight. As long as you are an ProSight member, we will accept your submission. 

ProSight sets an annual submission goal, which is 10% more statements than you sent the prior year – but we understand participation is voluntary and we will take as many submissions as you can provide.

If you’re new to the submission campaign, please submit as many statements as possible!

It is important to remember the data continues to grow simply because of our members. The more statements we receive, the more data we can provide in the industry data reports. Should you not be able to reach your goal, we will not penalize you, however we strongly encourage you to submit as many statements as possible each year. 

Your time commitment to this project will depend on two things: the size of your institution, and which software spreading package you are using. 

The actual process takes just a few minutes, in which you enter in the submission period criteria, and your bank contact information. Then the software will generate the submission within a few minutes.

However, if you’re a large institution, the generation may take longer, but as the operator you will not need to do more than enter in a few key pieces of information. The software will do all the work!

If you do not work with one of our partnered vendors, more of a time commitment will be necessary. 

ProSight can assure you that it is extremely safe to submit your client financial data.  At the time of file generation, the data is encrypted by the software directly.  Note, ProSight will NEVER request your clients’ identifying information (company name, contact name, address, phone, etc).  When ready, you may choose to send your file to ProSight by email, or you may send to us using your secure email system, or SFT.  Please be sure to send us the instructions to conduct the file download. 

E-mentor subscribers are also encouraged to submit. E-mentor subscribers can receive up to 5% off their subscription fee when they contribute. Please contact your Relationship Manager or [email protected] for additional details on how to take advantage of this deal.

Finally, the ProSight server is protected by two firewalls, which are monitored 24/7, and ProSight staff are required to enter an OTP for accessing the network. In addition, all data transferred between our systems are encrypted via SHA-256 VPN connection, and we have a third-party security vendor that monitors our network and logs 24/7.