TRUSTED FOR 20+ YEARS
Borrowing base & covenant tracking, borrower document collection, and portfolio risk monitoring from approval to payoff.
PROVEN IMACT
Covarity helps institutions streamline post-approval operations, improve covenant compliance, and reduce portfolio risk—without adding headcount.
In committed capital monitored across the platform
Working capital loans tracked with precision
Of Canada's margined loans monitored on Covarity
Years serving commercial, ABL and agricultural lenders
Most banks and credit unions still monitor commercial loans the same way they did 20 years ago—Excel spreadsheets, email threads, and manual follow-up. The cost isn’t just analyst time. It’s risk exposure, auditor findings, and scaling constraints
Your commercial portfolio is growing. Your covenant tracking spreadsheet is breaking. Adding analysts isn't sustainable, and the gap between portfolio growth and monitoring capacity is your largest hidden risk.
Covenant data in Excel. Borrowing base in another system. Collateral tracking somewhere else. Your CCO can't see the full picture without spending days on manual consolidation. Credit committee meetings start with stale data.
Modern regulatory expectations require evidence of systematic monitoring with complete audit trails. Email and Excel can't provide that. Findings follow.
CORE CAPABILITIES
Covarity replaces fragmented tools and manual processes with a unified platform built for how commercial lenders actually monitor risk.
Automated ratio calculations, threshold monitoring, and covenant compliance reporting. Configure covenant formulas once per loan type, or customize per borrower — DSCR, leverage, working capital, and complex custom covenants. Get alerted before breaches, not after.
From borrower submission to lender publication, automate the entire borrowing base certificate process. Configure eligibility rules once, apply across your ABL portfolio.
Borrowers send financial statements in whatever format they use. Upload Assistance maps columns visually, validates totals automatically, and turns any borrower Excel file into clean, standardized data — in minutes instead of hours.
Borrowers submit financial statements, A/R aging, insurance certificates, and tax documents through a secure, branded portal. Link-based access means borrowers just click and upload — no account, no password, no friction.
Manage the complete review lifecycle with a four-stage workflow. Automated document requests, issue tracking, and manager visibility into portfolio completion — so no review falls through the cracks.
Every covenant calculation, every document request, every review stage — logged automatically. When auditors ask how you monitor your portfolio, you have a documented answer.
Every portfolio is different. See Covarity configured for yours.
| Excel + Manual | Legacy Platforms | Building In-House | Covarity | |
|---|---|---|---|---|
| Setup Time | N/A | 6–12 months | 12–18 months | 8–12 weeks |
| Covenant Monitoring | Manual | Yes | Custom build | 30+ presets |
| BBC Automation | Manual | Partial | Custom build | Complete |
| Portfolio Dashboard | Manual | Limited | Custom build | Enterprise |
| Borrower Portal | None | Basic | Custom build | Yes |
| Audit Trail | None | Basic | Manual | Complete |
Chief Lending Officer · Credit Union ($2.8B assets)
Built for your institution type
Covarity is designed for financial institutions that need scalable, reliable loan monitoring across complex portfolios.
Replace manual spreadsheets with systematic monitoring. Scale your commercial portfolio without adding analyst headcount. Perform reviews with confidence.
Unified monitoring across covenant tracking, ABL, and commodity-backed lending. Portfolio dashboards your CCO can actually use. Auditor-ready compliance documentation.
Add sophisticated commercial loan monitoring without sophisticated infrastructure costs. Per-loan pricing means you pay for what you use.
Modern borrowing base automation with cross-aging rules, concentration monitoring, and multi-currency support. Scale your ABL portfolio 4x without proportional headcount growth.
Every portfolio is different. See Covarity configured for yours.
Most banks and credit unions still monitor commercial loans the same way they did 20 years ago—Excel spreadsheets, email threads, and manual follow-up. The cost isn’t just analyst time. It’s risk exposure, auditors findings, and scaling constraints
Your commercial portfolio is growing. Your covenant tracking spreadsheet is breaking. Adding analysts isn't sustainable, and the gap between portfolio growth and monitoring capacity is your largest hidden risk.
Configure eligibility classes and advance rates. Apply cross-aging and concentration rules. Multi-currency support for cross-border ABL. Lender adjustment workflow with original vs. adjusted columns for a full audit trail.
Secure document submission with 3 ways: email link—no login required, a login with password, or SSO option. Borrowers see what's due, what's been submitted, and what's been reviewed. Eliminate document collection while improving borrower satisfaction.
Covarity supports commercial and industrial (C&I) loans, asset-based lending (ABL) facilities, and agricultural loans. For each loan type, the platform handles covenant tracking, borrower document collection, financial statement spreading, and portfolio reporting. ABL lenders use Covarity specifically for borrowing base certificate automation, cross-aging rules, and concentration limit enforcement.
Covarity lets you configure covenant formulas once — per loan type or per individual borrower — and then calculates compliance automatically each review period. The platform includes a pre-built ratio library covering common financial ratios like DSCR, leverage, and working capital, plus a custom formula builder for complex covenant structures. Alerts fire before a breach occurs, not after the quarter closes. Every calculation is logged automatically for audit purposes.
Every action in Covarity is logged automatically — covenant calculations, document requests, document submissions, review stage completions, issue flags, and publication decisions. The four-stage review workflow (Receive Documents → Process Documents → View Reports → Publish) creates a documented, systematic monitoring process that regulators expect to see. When an examiner asks how your institution monitors its commercial loan portfolio, Covarity gives you a documented, repeatable answer with exportable audit trails.
Covaleyo’s Upload Assistance lets you take any borrower Excel file and convert it into validated, standardized financials. The system catches borrower math errors automatically (stated vs. calculated validation).
Yes. Covaleyo includes a borrower portal where ag borrowers can submit financial statements, commodity inventory, and warehouse receipts. They see real-time status of their submissions.
Regulatory examinations require evidence of systematic monitoring. Covaleyo maintains complete audit trails of every action: document received timestamps, processing actions, ratio calculations, covenant compliance results, lender adjustments to borrowing base, commodity price changes, and publication history. The 4-stage covenant review workflow (Receive → Process → View → Publish) ensures consistent process documentation across all borrowers.
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Whether you’re monitoring commercial, ABL, or agricultural portfolios, Covarity brings covenant tracking, borrowing-base automation, portfolio early-warning analytics, and document collection into one platform — backed by 20+ years in financial services.