Booked Before the
Document Exists
Covenants are keyed from a term sheet and never reconciled against the executed agreement.
AI-Powered Covenant Management Solution
Leverage CovenAce™ to analyze, extract, and organize financial covenants with high accuracy and efficiency. With CovenAce, you can:
- Process 80-85% faster
- Reduce up to 70% cost
- Acquire enhanced accuracy
Empower your Relationship Managers, Portfolio Managers, and Compliance Officers to focus on new revenue generation and governance.
Simplified, Intelligent
Covenant Management
CovenAce™ delivers an end-to-end, intelligent covenant automation experience. Built on proprietary AI and enterprise-grade infrastructure, it helps financial institutions reduce manual efforts, allowing the to scale.
From automated covenant extraction to tamperproof audit trails, CovenAce™ ensures regulatory compliance and operational efficiency — all within a secure and scalable environment.
Why Covenant
Records Drift
Every tool in this category takes the covenant record as given and automates what happens next. If the record was wrong at booking, they are all wrong faster.
Booked Before the
Amendments
Change the Package
The file gets the amendment. The system field often does not.
Non-Standard
Covenants Do Not Fit
Springing tests, negotiated add-backs and borrowing base formulas end up in a spreadsheet.
A Certificate
Is Not a Test
The borrower’s compliance certificate gets filed instead of a value being independently calculated.
Nothing Breaks
Visibly
A skipped test costs nothing until an examination or a default.
Exceptions With
Nobody to Clear Them
The platform raises the exception. Capacity to work it is the actual constraint.
Impact at a
Glance
Proven at enterprise scale.
From Documents to Decisions - Smart Covenant Automation
CovenAce uses advanced AI models and a reasoning engine to rapidly and accurately extract data with contextual analysis, transforming loan agreements into actionable intelligence.
Every extraction, edit, and approval is written to an immutable log, so each covenant carries a complete and reviewable history.
Covenant parameters map to any Loan Origination System, with automated document upload keeping records in step with the system of record.
Robust encryption for data at rest and in transit, top-tier security protocols, and role-based access controls.
Portfolio, covenant, and exception views update as data lands, and every report exports to Excel for downstream review.
Scalable infrastructure provides reliable access from anywhere, with enterprise-grade hosting that grows with the portfolio.
What Makes CovenAce Different
It Starts at the Signed
Document
The covenant package is read from the executed agreement, including scanned and amended documents, rather than 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.
There Is a Team
Behind the Software
When a test fails, someone reads the amendment, adjudicates the add-back, drafts the notification and evidences the file. That team works to your credit policy, inside your systems.
No Parent That Sells
Your Borrowers’ Data
No ratings agency, no credit scoring product, no loan market data business. Complete data isolation and zero storage retention.
Real-Time
Processing
Extract covenant data within minutes with immediate loan association and streamlined workflow automation.
Quality Assurance
& Compliance
Built-in verification with AI-powered accuracy checks and auditable extraction trails for regulatory transparency.
AI-Powered
Analysis
Advanced LLM and reasoning engine for covenant retrieval with contextual analysis algorithms.
Multi-Format
Document Support
Process PDFs, scanned images, and various file types with consistent accuracy across all formats.
Structured
Processing
Multi-layered covenant mapping with customer profiles, loan associations, and financial statement requirements integration.
Intuitive, GUI-
Enabled Experience
Deploy quickly with an out-of- the-box interface that’s easy to use and configure. No steep learning curve — just smart, instant productivity.
Advanced
Reporting
Multi-format reports with Affirmative and Negative covenants, customizable extraction with Excel exports, and sentiment analysis.
LOS
Integration
Map covenant parameters to any Loan Origination System with automated document upload capabilities.
Improved Contract
Lifecycle Processing
Enable structured access and review of CLM documentation.
Cloud-Native
Architecture
Scalable infrastructure providing reliable access from anywhere with enterprise-grade hosting.
How It Works
Ingest
Executed credit agreements and amendments in any common format, including scanned documents.
Extract
The covenant package is read from the document with contextual analysis of the surrounding terms.
Reconcile
Extracted covenants are mapped to the loan and compared against the record already in your system.
Review
A credit analyst confirms the record before it is written. Exceptions are worked, not only raised.
Analyze
Automate scheduled testing, identify breaches with supporting evidence, and track waivers and amendments through an early warning view.
Monitor
Scheduled testing, breach identification with supporting evidence, and waiver and amendment tracking.
Ready to streamline your covenant workflows?
Connect with our consultants for demo and discover how CovenAce™ can transform your operations.
Request a demo