BEST-IN-CLASS
Over 15,000 working capital loans—representing more than $40 billion in committed capital—are actively monitored and analyzed using Covarity.
As of 2024
TRUSTED BY CANADIAN BANKS
Leverage our powerful engine for superior calculation efficiency, minimizing errors and accelerating decision-making.
By automatically requesting, collecting, and analyzing financial information, our software provides instant, detailed reports for individual loans and your entire portfolio, ultimately improving the client experience.
Automate the calculation of the borrowing base and financial covenants by utilizing the data provided by your client. Ensure consistent and accurate calculations across your entire loan portfolio while offering the flexibility to support highly customized credit agreements.
Automatically identify data discrepancies by analyzing discrepancies in borrowing base and ratio data.
Covarity meets the highest security standards, including SOC II Type 2, encryption at rest and in transit, penetration testing, and more.
Discover the impact of our loan monitoring solution. Read testimonials from clients who have experienced increased efficiency and reduced risk.
“Covarity is a user friendly program that provides an integral piece of risk management. Any questions that myself or team have are answered quickly and further explanation for learning opportunities are always provided.”
NPS Survey
Large Canadian Bank
“Covarity simplifies the process of annual reviews and margining allowing our lenders more time to build their relationships. There is time savings in having Covarity send out the reminder letters and provide analysis reports.”
NPS Survey
Large Canadian Credit Union
Experience faster and more reliable results with automated calculations for borrowing base and financial covenants.
Proactively mitigate risks by identifying and addressing inconsistencies and unusual patterns in borrower data.
Deliver better client experiences with real-time data access that enables faster decision-making and improved responsiveness.
Streamline your loan operations with our platform. Experience increased back office efficiency through automated workflows and seamless data integration across all systems.
Easily access key insights about your portfolio with reports that provide an overview at the touch of a button. Compare risk, collateral, and potential fraud occurrences throughout your entire portfolio and ensure compliance of each borrower.
Automatically compute your chosen ratios to track a business’s financial health and enforce financial covenants according to the credit agreement. Configure early warning signals to detect potential risk areas.
Streamline the automation of borrowing base calculations, whether simple or highly complex. Ensure compliance with your financial institution’s policies, while offering flexibility where necessary. From custom certificates to collateral listings, we’ve got you fully supported.
Automate the detection of data discrepancies to spot potential fraud or inaccurate reporting from your clients. Set your institution’s tolerance levels for data variations to flag issues of concern without being overwhelmed by the data or extra manual calculations.
Empower your borrowers with Covarity's Client Portal. Transform reporting and document submission into a streamlined, effortless experience for both clients and lenders.
Simplify loan review task management with Covarity's Issue Manager. Track, filter, and resolve issues effortlessly, ensuring nothing falls through the cracks.
Commercial and agricultural loan monitoring software, like Covarity, is built to help financial institutions track, analyze, and manage the performance and compliance of working capital loans and lines of credit.
A good loan monitoring solutions is one that focuses on:
Covarity employs the following:
Yes, we integrate with a variety of third-party service providers. Our API provides you with the flexibility you need to integrate data however best suits your operations.
It streamlines processes such as risk assessment, borrowing base or margin calculations, financial reporting, and covenant tracking to ensure timely insights and mitigate potential defaults.
Yes, nothing needs to be installed on your computers or servers. Your team and clients only need access to a web browser.
Yes, the entire application is highly customizable to best suit your lending processes. Our team will work with yours to ensure that we fully meet your needs.
You can schedule a demo below or contact us at [email protected].
Contact us and our team will be happy to walk you through the software.