Portfolio
Managers
A tested record for every covenant in the book, with early warning before a breach reaches the watch list.
OVERVIEW
One Engine - from Signed
Agreement to Credit Review
Commercial credit teams run five connected workflows on every relationship. They spread the borrower's financials, test covenants against the agreements, analyze the standings and write the periodic credit review. CovenAce™ runs all five on a single engine and one borrower record, so a number captured once flows through spreading, testing, reviews and reporting without being keyed again. Every step, from extraction to reports run with a tamperproof audit trail, inside your own secure, scalable environment.
Built For
The Teams That
Own Credit Risk
Portfolio
Relationship
Managers
A tested record for every covenant in the book, with early warning before a breach reaches the watch list.
Credit
Analysts
Spreads, covenant tests and review drafts prepared from source documents, so analysis starts from verified numbers.
Compliance and
Loan Review
Evidence behind every spread, test and review, ready for examiners, auditors and onboard reporting.
The ChallengeWhy Credit
Why Credit
Records Drift
Most tools take the credit record as given and automate what happens next. If the record was wrong at booking, every downstream test stands on a wrong foundation.
Covenants are keyed from a term sheet and never reconciled against the executed agreement.
- Capabilities
Five Workflows on One Borrower Record
Each module works on its own, and each one is stronger because the other modules share.
Financial Spreading
Reads balance sheets, income statements and cash flow statements in any common format, maps them to your spreading template, and calculates the ratios your credit policy tracks.
Covenant Management
Extracts the covenant package from the executed agreement and its amendments, reconciles it against your loan system, and tests each covenant on schedule using figures from the spread.
Credit Review Reporting
Drafts the periodic credit review from the spread, covenant results and borrower profile in your institution's format, ready for analyst review and sign-off.
Field Exam Review
Automates field exam review by analyzing exam findings, borrower financials and supporting documentation, surfacing key risks and exceptions for analyst review and action.
Commercial & Residential Appraisal Reviews
Streamlines appraisal review by analyzing valuation reports, property details and supporting documentation, highlighting key findings, risks and exceptions for analyst review.
Use Cases
Every Loan
Book With
Covenants
Commercial Real Estate
Rent rolls and operating statements spread, with coverage, debt yield and loan-to-value covenants tested on schedule as maturities approach.
Middle-Market C&I
Borrower financials spread to your template, with leverage and fixed charge coverage tested and negotiated add-backs adjudicated rather than parked in a spreadsheet.
Asset-Based Lending
Borrowing base formulas and reporting requirements tracked against each certificate and the financials behind it.
Insurance
Built for Insurers That Lend
Life and annuity carriers hold large private placement and commercial mortgage portfolios, each governed by covenants in the note purchase or loan agreement. CovenAce reads those agreements the same way it reads a bank credit agreement, so investment teams can test covenants on schedule and evidence every result for credit committees and regulators.
- Private Placements
Covenants extracted from note purchase agreements and amendments, mapped to each holding.
- Commercial Mortgage Loans
Coverage, leverage and reporting covenants tested on schedule, with evidence behind every breach.
- Audit-Ready Evidence
A complete record behind each test, ready for investment committees and state examiners.
Architecture
AI That Checks Its Own Work and Keeps Learning
CovenAce orchestrates specialized AI agents so no output reaches your team unchecked. One agent does the work, a second challenges it, a third shapes it for your systems, and every analyst review makes the next run sharper.
Actor
Reads the source documents and produces the first draft of the spread, the covenant record or the review.
Critic
Tests that draft against the source, flags anything it cannot trace, and sends it back until it holds.
Formatter
Structures the verified output for your spreading template, loan system or credit review format.
Learning Loop
Every analyst correction is fed back through reinforcement learning, so accuracy improves on your borrowers' documents and your credit policy over time, under governed release controls.
Governance
Human-Governed and Audit-Ready by Design
A model that learns needs controls a bank can examine. Every CovenAce output is traceable to its source, approved by a person, and changed only through a documented process your model risk team can review.
Human in the Loop
No spread, covenant record or credit review is written back to your systems until a credit analyst approves it.
Traceable to Source
Every extracted value links back to the page and clause it came from, so analysts and examiners can check it against the original.
Explainable Exceptions
Every breach or flag carries the calculation and source evidence behind it, ready for credit committees, auditors and regulators.
Tamperproof Audit Trail
Every extraction, edit, approval and override is logged with who made it and when, and the record cannot be altered afterward.
Controlled Model Updates
Learning from analyst corrections is tested and validated before release, so model behavior never changes silently in production.
Model Risk Ready
Documentation, performance monitoring and validation evidence support review under your institution's model risk management program.
PROCESS
How It Works
Ingest
Credit agreements, amendments, financial statements and compliance certificates in any common format, including scanned documents.
Spread
Financial statements are mapped to your template and ratios are calculated to your credit policy.
Extract and Reconcile
The covenant package is read from the executed agreement and compared against the record already in your loan system.
Test
Each covenant is recalculated from the spread and checked against the borrower's certificate, with breaches flagged and evidenced.
Review
A credit analyst confirms the output before it is written back. Exceptions are worked, not only raised, and every correction feeds back into the models.
Report
The credit review is drafted, and waivers, amendments and early warnings are tracked across the portfolio.
Differentiators
Why Lenders Choose CovenAce
It Starts at the Signed Document
Covenants and financials are read from the executed agreement and the source statements, including scanned and amended documents, not from a downstream system record.
It Reconciles Against Your System
Extracted covenants are compared to what your loan origination system already holds, so a wrong record surfaces before it is tested. Parameters map to any LOS, with Excel exports for existing reporting.
It Tests, Not Just Files
Every ratio is recalculated from the spread and checked against the borrower's certificate, so a reported pass is a verified pass.
Your Borrower Data Is Never Sold
No ratings agency, no credit scoring product, no loan market data business. Complete data isolation, zero storage retention, and ISO 27001 and SOC 2 controls.
RecognitionAward-Winning Credit
Award-Winning Credit
Intelligence
Covenae won the Financial Express AI4Cure Award for Best Enterprise-Wide AI Transformation.
Delivery Model
Software With a Credit Team Behind It
CovenAce is delivered through our Digital Knowledge Operations™ framework. We combine deep domain expertise, purpose-built AI platforms, and managed delivery to enhance efficiency, accelerate decision-making, and drive measurable business outcomes.
Deep Domain Expertise
Credit analysts read the amendment, adjudicate the add-back and draft the borrower notification, working to your credit policy.
Purpose-Built AI Platforms
CovenAce handles spreading, extraction, testing and reporting, so experts spend their time on judgment, not keying.
Managed Delivery
Exceptions are worked inside your systems and every file is evidenced, so capacity scales with the portfolio, not the headcount.
FAQ
Questions Lenders Ask
No. It works alongside your LOS, mapping covenant parameters to it and exporting to Excel for your existing reporting.
Credit agreements, amendments, financial statements and compliance certificates in PDF, scanned images and other common formats.
Yes. Financial spreading, covenant management, field exam review and credit review reporting each work on their own, and each gets stronger as the others share the same borrower record.
Analyst corrections improve accuracy over time, but every model update is tested and validated before release, so behavior never changes silently in production.
It is not retained. Documents are processed, not kept, with complete data isolation, and borrower data is never sold.
Anaptyss credit analysts adjudicate exceptions to your credit policy, inside your systems, and your team approves every output before it is written back.
Know Every Covenant
Before It Breaks
CovenAce spreads, tests and reports on your whole portfolio, so nothing slips through.