Booked Before the
Document Exists
Covenants are keyed from a term sheet and never reconciled against the executed agreement.
AI-Powered Covenant Management Solution
CovenAce reads covenants from the executed agreement, reconciles them against your loan system and tests them on schedule. 80 to 85% faster processing, up to 70% lower cost, and a record you can trust, portfolio and compliance teams can trust.
OVERVIEW
Intelligent Covenant
Management, End to End
CovenAce delivers an end-to-end, intelligent covenant automation experience. Built on proprietary AI and enterprise-grade infrastructure, CovenAce automates the covenant lifecycle from extraction to monitoring, so institutions reduce manual effort and scale the portfolio without scaling the team. Every step, from extraction to the tamperproof audit trail, runs inside a secure, scalable environment.
THE CHALLENGE
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.
CAPABILITIES
From Documents to Decisions
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 recorded and reviewable, so the file shows how each covenant record was arrived at.
Covenant parameters map to your loan origination system, with automated document upload.
CovenAce offers robust encryption for data at rest and in transit with top-tier security protocols and role-based access controls.
Portfolio, borrower and covenant-level views with configurable reporting and Excel export.
Enterprise-grade hosting with reliable access across locations and teams.
WHY COVENACE
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.
Your Borrower Data
Is Never Sold
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
An out-of-the-box interface that is easy to use and configure, with no steep learning curve.
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?
See CovenAce read your own credit agreements and reconcile them against your loan system.