Live on real dealsABS-first workflowReview + model + API

From prospectus ingestion to review, tie-out, and model delivery

The fastest path from a 200-page prospectus to a signed work paper. Extract every assertion, pair the support document, review side-by-side with stamped overlays and threaded comments, and walk away with an audit-ready package — without the multi-week analyst grind.

AI extraction with recovery paths

Readiness gating before handoff

API and Python SDK delivery

Join the waitlist for early access. Product positioning below is based on shipped Boxfish functionality and public competitor pages.

What Boxfish does today

End-to-end deal review

Live

Prospectus extraction

Deal structure, collateral, fees, glossary, date interpretation

Review and Verify

Boxing overlays, comments, flags, assignments, audit trail

Model generation

Excel export, drill-down, tie-out, dec validation, WAL

Readiness and certificates

Coverage gates, readiness reports, signing visibility, imports

Public delivery layer

v1 API, Python SDK, comparison, anomaly, glossary access

End-to-end coverage

One deal. Every step.

Extraction, review, model generation, tie-out, readiness gating, and delivery all verified on a real ABS deal from ingestion to signed output.

Minutes

From PDF to structured deal data

A 200+ page prospectus goes through extraction, tranche mapping, waterfall rules, and collateral data in a single workflow — not a multi-week manual pass.

Formula-driven

Excel models, not static spreadsheets

Every exported workbook carries live formulas across scenario, tranche, and waterfall sheets. Analysts can stress-test assumptions without rebuilding the model from scratch.

End-to-end

Extraction to tie-out in one surface

Review, flagging, model generation, dec table validation, and completeness gating all run in the same system — no re-keying data between disconnected tools.

Eliminated

Manual prospectus rebuilds

The work that used to cost hundreds of thousands of dollars per deal in analyst hours — reading, extracting, verifying, and modeling — runs as a structured, auditable workflow.

Workflow

One operating surface instead of five disconnected steps

The landing page used to describe Boxfish like a narrow model generator. The product now spans ingestion, review, QA, modeling, and delivery, so the story needs to match the actual system.

Ingest the deal package

Upload the prospectus, trigger extraction, and let Boxfish catalog deal structure, collateral, fees, and glossary terms.

Review and verify in context

Work in a structured review workspace with PDF overlays, comments, flags, assignments, and source-linked corrections.

Generate and inspect the model

Build a formula-driven Excel model, open drill-down views, validate dec tables, and compare results against the document.

Gate, certify, and integrate

Run readiness checks, expose outputs via API and SDK, and move into certificates and downstream reporting workflows.

Available today

Built for the work auditors actually do

Every capability below is in production today on real deals — not a roadmap. From the moment the prospectus lands to the moment the work paper is signed, Boxfish replaces side spreadsheets, screenshot folders, and email threads with one auditable workflow.

One Workspace

Quick comparison and signed engagements, side by side

Drop a deal in for a fast read or open a billable engagement — both live on the same page. No bouncing between tools, no losing context, no re-keying when an ad-hoc check turns into a real review.

Pick a deal, pick a source, hit Compare — results in seconds
Promote any quick compare into a signed-off engagement when the work matters
Recent comparisons stay visible so the team always has shared context

Source Document Library

Pair the right support document in one click

Boxfish remembers every support document your team has worked with. Reuse it across engagements without re-uploading, re-extracting, or re-paying. Or upload something fresh — extraction kicks off in the background and the doc is ready when you need it.

Pick from your library, a prior engagement, or a recent comparison
Upload PDFs, Word, and Excel files — Boxfish extracts on the spot
Every reuse preserves the audit trail back to the original engagement

PDF Review

Stamped overlays with threaded comments, right on the page

Every assertion lands as a stamped highlight on the offering PDF — green for agreed, red for exceptions, amber for pending. Click any stamp to start a threaded discussion anchored to that exact spot. Reviewers can flag, debate, and resolve without leaving the document.

Visual stamps make match status obvious at a glance
Threaded comments anchored to PDF regions, not generic message boards
Side-by-side prospectus and source view with synchronized navigation

Audit Package

A signed work paper your reviewer can trust

When the engagement closes, Boxfish produces a single signed PDF: the deal under review, every match decision, every comment thread, the engagement quality review concurrence, and the policy compliance attestation. Drop it into your workpaper system and move on.

Engagement Quality Review concurrence captured inside the package
Policy compliance attestation with officer signature and exception detail
Multi-firm party roles (originator, underwriter, trustee, auditor) for the full deal team

Extraction Intelligence

Prospectus extraction with issuer-aware recovery paths

This is not OCR plus a spreadsheet. Structured extraction across deal info, tranches, waterfall rules, collateral, fees, and glossary terms — with temporal date intelligence and confidence-aware recovery paths when sources are ambiguous.

Deal info, tranches, waterfall rules, collateral, fees, glossary terms
Temporal date engine for vague date qualifiers and contextual resolution
Issuer-specific prompt addenda plus deterministic fallback and CANNOT_VERIFY capture

Review Workspace

Review and Verify with overlays, flags, comments, and assignments

Boxfish now covers the human review layer directly: navigation, boxing overlays, flags, threaded comments, section assignments, diffing, and guest review flows.

Three-panel boxing workspace with PDF overlay rendering
Comments, reactions, assignments, certification timeline, and audit trail
Readiness report panel and assertion extraction CTA for empty review pages

Modeling

Model generation with drill-down and persisted projections

Version 15 added CalcAgent to model UI integration, projection persistence, and period-level drill-down so users can inspect what the waterfall engine actually did.

Excel model generation with full formula logic and scenario sheets
CalcAgent drill-down from model outputs to period-level waterfall detail
WAL, dec table validation, tie-out, and projection persistence for reuse

Readiness and QA

Completeness gates before handoff

The product now blocks weak handoffs with configurable completeness thresholds and exposes coverage, confidence, and missing-assertion gaps before outputs move downstream.

Pre-handoff completeness gate with threshold enforcement
Coverage dashboards, readiness reports, and low-confidence gap surfacing
Continuous validation hardening so flagged issues are real, not noise

API and Delivery

Public API surface and Python SDK for system integration

Boxfish is an integration layer too, not just a UI. Public API endpoints, full OpenAPI coverage, and SDK methods so deal data flows into your existing tooling without re-keying.

Deal comparison, anomaly detection, glossary, tie-out, and dec validation endpoints
Python SDK coverage for the v1 surface area
API-key access patterns for enterprise and partner workflows

Certification and Ops

Servicer certificate ingestion and signed output visibility

Boxfish now handles servicer certificate imports, HMAC signing enforcement, signed-status visibility, and health reporting around certificate readiness.

CSV and Excel servicer certificate import with format detection
Certificate HMAC enforcement and signing-status exposure
Health and operational visibility for production delivery paths

Competitive Landscape

Research-backed positioning against the current market

Based on publicly available product pages, the market leaders around structured finance still cluster around model libraries, surveillance, or loan-level data infrastructure. Boxfish is differentiated by covering the prospectus-to-review layer that usually gets stitched together manually.

Comparison area

Boxfish

Intex

dv01

Trepp

Publicly marketed center of gravity

Prospectus-to-review-to-model workflow

Structured finance model library and analytics

Loan-level data infrastructure and reporting

CMBS/CLO surveillance, research, and valuations

Data and analytics emphasis

Document extraction, tie-out, review gating, and workflow traceability

Cash flow models, deal library, APIs, and Excel plug-ins

Validated loan-level data, deal reporting, cash flows, and data delivery

Deal, loan, and property intelligence with generated cashflows and alerts

Why it matters for teams

Replaces the manual handoff between document reading, verification, and model output

Deep modeling depth once the deal is already structured in the platform

Strong foundation when the core problem is collateral data normalization and reporting

Strong fit when the workflow is surveillance, valuation, and market monitoring

Intex

Public positioning emphasizes prebuilt structured finance models, a large deal library, APIs, and Excel plug-ins.

dv01

Public positioning emphasizes validated loan-level data, deal reporting, cash flows, and AI-ready delivery into Snowflake, BigQuery, S3, and related stacks.

Trepp

Public positioning emphasizes CMBS and CLO databases, generated cashflows, surveillance, daily valuations, and event-driven market monitoring.

Research note: the matrix reflects publicly marketed focus areas on official product pages accessed April 4, 2026. It is a positioning summary, not a claim that competitors cannot support adjacent workflows through services, custom work, or non-public features.

For analysts

Replace manual document mining and spreadsheet stitching with a focused review and modeling workspace.

AI-assisted extraction instead of manual document mining
A structured review workspace instead of side spreadsheets and screenshots
Model generation and tie-out in the same system as verification

For enterprise teams

Standardize review, handoff, and delivery paths without losing audit visibility or downstream integration options.

Readiness gates before handoff and certification
Audit-ready timelines, section assignments, and guest review flows
API and SDK delivery for integration into existing operating models

Why it matters

Move from manual review weeks to a controlled AI workflow

Boxfish compresses document extraction, review, tie-out, and delivery into one operating surface so teams can spend more time on decisions and less time rebuilding the same deal context in multiple tools.

Minutes, not weeks

Cut the mechanical work between upload, review, model generation, and export.

Review with accountability

Assignments, comments, audit history, and readiness gates stay attached to the deal.

Catch issues earlier

Tie-out, dec validation, anomaly detection, and completeness metrics surface gaps before handoff.

Deliver the result

Push outputs into Excel, certificates, and API consumers without rebuilding the workflow.

Proof strip

Review workspace with overlays, flags, comments, assignments, and audit trail

Completeness gate plus readiness reporting before outputs move downstream

Public API and Python SDK for comparison, anomalies, glossary, tie-out, and validation

Servicer certificate import plus signing-status visibility and operational checks

Join the Boxfish waitlist

Bring your next prospectus through Boxfish instead of through a ten-day analyst sprint. Join the list and we will reach out when access opens and as we onboard design partners.