Comparison
Underly vs DocuClipper
DocuClipper converts statements into spreadsheets and accounting files, priced by the page. Underly reads MCA files for every position, true revenue and NSFs, priced by the statement.
LendPipe team
Underly
Bank statement analysis for lenders, brokers and accountants
- Best for
- Funders, ISO brokers and accountants
- Try it
- 10 statements free, no card
- Paid plans
- From $49 a month for 100 statements
- You pay for
- Statements: one account, one month
DocuClipper
Bank statement conversion to spreadsheets and accounting files
- Best for
- Accountants, bookkeepers and forensic reviewers
- Try it
- 14 days, up to 120 pages, no card
- Paid plans
- Statement analysis from $159 a month for 640 pages
- You pay for
- Pages: every page of every statement
Where they differ
How is Underly different from DocuClipper?
Every position by funder, not recurring payments
- Underly
- Each existing position with its funder, payment, cadence and monthly total.
- DocuClipper
- Groups weekly, biweekly and monthly recurring payments; its pages don't mention merchant cash advances or daily debits.
True revenue, not a spreadsheet to work from
- Underly
- True revenue with transfers, owner money, financing and returns removed.
- DocuClipper
- Pairs transfers between the owner's own accounts; its analyzer page says it doesn't calculate income.
Negative days and NSFs counted
- Underly
- Negative days, NSFs and the average and lowest daily balance, month by month.
- DocuClipper
- Charts the daily balance and net flow; its pages don't mention NSFs or negative days.
Side by side
Underly and DocuClipper, line by line
| Underly | DocuClipper | |
|---|---|---|
| Reading the statements | ||
| Existing positions | Each funder, payment, cadence and monthly total | No: Weekly, biweekly and monthly recurring payments |
| True revenue | Transfers, owner money, financing and returns removed | No: Doesn't calculate income |
| Balances | Average daily, lowest, negative days and NSFs | Daily balance and net flow chart |
| Altered statements | Metadata and balance checks on every plan, including Free | Authenticity score from the Business plan |
| Files | PDF, CSV, Excel and photos | PDFs, including scans |
| What you get back | ||
| Exports | CSV, Excel workbook and PDF report | Excel, CSV and accounting formats |
| Data | ||
| Model training | Statements never used | Not used to train third-party models |
DocuClipper facts from 4 pages on docuclipper.com, checked October 29, 2026
Fit
Which should you choose?
Choose DocuClipper if
- You mainly convert statements into QuickBooks, Xero or other accounting files.
- You review personal statements for tax, family law or forensic work.
Choose Underly if
- You fund or broker MCAs and need every existing position by funder.
- You want true revenue, NSFs and negative days worked out for you.
- Long statements shouldn't cost more than short ones.
- You want altered-statement checks on every plan, including Free.
Price
Is Underly cheaper than DocuClipper?
A four-month file on one account
Underly
$49 a month covers 100
4 statements
DocuClipper
$159 a month covers 640 pages
Every page of 4 statements
DocuClipper counts every page, so a 12-page statement uses 12. Statement analysis starts on its Business plan, $111.30 a month when billed yearly. Its Starter plan converts statements without it.
FAQ
Common questions
Is Underly a DocuClipper alternative?
For MCA and small-business underwriting, yes. DocuClipper turns statements into spreadsheets and accounting files; Underly works out the positions, true revenue, NSFs and negative days from them. For QuickBooks or Xero files, DocuClipper is the closer fit.
Does DocuClipper find MCA positions?
Its analyzer groups weekly, biweekly and monthly recurring payments, and its pages don't mention merchant cash advances, daily debits or funders. Underly lists each existing position with its funder, payment, cadence and monthly total.
How does DocuClipper's pricing compare?
DocuClipper counts pages: statement analysis starts on its Business plan at $159 a month for 640 pages, or $111.30 a month billed yearly. Underly counts statements, whatever their length, from $49 a month for 100, and the first 10 are free.
Start with 10 free statements
No card required. Unlimited users on every plan.