ProSight’s Statement Studies, assembled from anonymized financial statements contributed by practitioners, has long been the source for comparable financial ratios. Cync Software’s automated spreading solution brings these trusted benchmarks directly into the lender’s workflow, providing immediate context during credit review.
ProSight: Data that Carries Weight
ProSight (the coming together of BAI and RMA) provides value by collecting, auditing, and standardizing member-contributed financials into benchmarks that give lenders defensible context for every credit decision. In collaboration with its member banks and credit unions, ProSight collects anonymized financial statements, applies rigorous data validation, and compiles the results across hundreds of participating institutions and their reported industries to produce reliable benchmarks for comparison. This foundation matters because benchmark comparisons only work when inputs and calculations are transparent and defensible. According to Ann Adams, Product Manager, ProSight Statement Studies, “The strength of ProSight’s approach lies in its consistency—ratios are compiled in a standardized way, giving users defensible comparisons and regulatory clarity.”
Cync Software: Reimagining Automated Spreading
Cync Spreading automatically extracts financials with object character recognition (OCR) and GenAI to map fields to lender-defined spreading templates, then calculates all sums and ratios automatically. The result is dramatic: fewer manual entries, lower transcription error rates, and consistent ratio outputs available in seconds. Brant Nesbitt, Solutions Architect at Cync Software, notes, “This shift shortens spreading time substantially, allowing credit teams to reallocate effort toward analysis, exceptions, and borrower conversations rather than repetitive data entry.”
Where Cync Software and ProSight Integration Matters
Embedding ProSight’s Statement Studies into Cync Software’s automated spreading solution performs two practical functions. First, trusted peer benchmarks are integrated right inside the analyst’s workflow. Second, it provides a consistent peer comparison for lenders. That alignment supports custom templates for borrower types and peer cohorts, so comparisons remain relevant. The result: lenders see improved credit analysis and faster underwriting cycles, improved risk assessment, and outcomes that reduce friction during credit decisions.
Community by Design
Community isn’t just a buzzword—it’s the foundation of the Statement Studies product. Jorge Mera, Product Owner, ProSight Statement Studies, explained, “Longstanding relationships with members provide the foundation of contributors that shape Statement Studies.” ProSight’s roundtables, chapter events, and forums surface practical priorities, creating a feedback loop that drives feature choices to solve real pain points rather than hypothetical scenarios.
Human Benefits of Transparent Data and Automation
Automation delivers fast data, but the real value comes when people use it—especially alongside peer benchmarks—to drive smarter, more meaningful work. Christine O’Brien, Vice President of Sales, Cync Software, said, “By freeing staff from administrative tasks, institutions can improve job quality and give teams more time for portfolio oversight and borrower engagement.” Consistent, comparable outputs also enable leaders to aggregate insights across portfolios—expediting anomaly detection, allowing for more constructive conversations with borrowers.
The Future of AI and Automated Spreading Must Involve Transparency
Built on ProSight’s foundation of trusted benchmarking expertise and enhanced by the advanced capabilities of Cync Spreading, this opportunity represents the convergence of two strategic innovation paths into a unified solution. The integration enables financial institutions to move beyond traditional analysis, delivering deeper, data-driven insights that strengthen decision-making and foster more personalized engagement with their communities. By combining proven strengths with forward-looking technologies such as conversational AI agents and advanced analytics, lenders can streamline workflows, uncover growth opportunities, and drive measurable impact across the financial ecosystem. The result is a transformative platform that not only meets the evolving needs of modern lending but also sets a new standard for collaboration, transparency, and performance.
A Proposition for Participation
By working with an open platform like Cync Software and leveraging independent data from ProSight, lenders gain a broader, more reliable foundation for making informed credit decisions: combine provenance-rich benchmarks with automated spreading, and credit teams gain timely, auditable comparisons that support faster, more consistent decisions. When benchmarks live in the workflow, they stop being passive references and become active decision tools that shape risk conversations and operational resilience. To see these capabilities in practice, request a demo from Cync Software or join the ProSight community to explore how peer-driven benchmarks can inform credit policies and lending practice
Key contributors quoted in this discussion: Ann Adams and Jorge Mera (ProSight); Brant Nesbitt and Christine O’Brien (Cync Software). Learn more about Cync Software here: Benchmarks and Automation: A Partnership Built on Transparency, Trust, and Engagement – CyncSoftware | Blog
