Covenant monitor
Super Agent · YP
Spreads each borrower’s new figures, recalculates the covenants and drafts the review memo.
When figures arrive · ran 22m ago
Run nowFinancial services
Covenant checks and annual credit reviews
Reads the accounts and compliance certificates borrowers send, recalculates each covenant as the loan agreement defines it and drafts the review. Your credit analyst checks it and your credit team decides.
×
When
When borrower figures arrive
Systems
OutlookExcelSalesforceSharePointMode
Prepares only. Your credit team decides
Problem
Loans to companies carry covenants and a yearly review. Each time a borrower sends figures or a compliance certificate, an analyst spreads them, recalculates the ratios with the loan agreement’s definitions, checks the deadlines and writes the review.
What it does
YP reads the borrower’s accounts and compliance certificate, spreads the figures into your template and recalculates each financial covenant with the definitions in the loan agreement. It lists breaches, late certificates and changes since the last review, and drafts the review memo.
How it works
See exactly how the work gets done.
The work starts when figures arrive or a review date is reached. Accounts or a compliance certificate in the inbox, or a review date in your CRM, starts the run.
The new figures go into your own spreading template. This covers the balance sheet, the profit and loss and the cash flow of the borrower.
Each covenant is recalculated with the definitions in the loan agreement. Ratios such as leverage, interest cover and debt service cover use those definitions and not generic ones.
What needs attention is listed with its calculation. That means a breach, a late certificate or a ratio that is close to its limit.
Your credit team decides on the outcome of the review. Your analyst reviews the memo. Waivers, rating changes and next steps are decided by the people your credit policy names.
The outcome
Your analysts review a prepared file. Every covenant shows how it was calculated.
01
Every covenant recalculated
With the loan agreement’s own definitions
02
Exceptions listed
Breaches, late certificates and ratios close to limits
03
Credit team decides
Waivers, rating changes and next steps
For your numbers
YP recalculates every covenant as the loan agreement defines it, so your credit team spots breaches early and protects the loan book.
How it runs
Designed for enterprise.
Private
Runs on your infrastructure. Drawings, prices, client and claims data never train a model.
Explainable
Not a black box. An AI auditor checks that every task was done as intended and proposes improvements.
Traceable
Every value links to the document, rule or record it came from. Every step is logged. A named person approves anything that leaves the building.
Your systems
Works in your ERP, CargoWise, policy system, GIS and file shares. Nothing is replaced.
Not sure where to start?
Put AI to work on your most complex workflows.
More Financial services use cases
Financial servicesSee use case
KYC and UBO checks for new clients
Traces ownership through every layer, runs the screening and assembles the client file. Your compliance officer decides.
×
Financial servicesSee use case
Periodic reviews, prepared before they fall due
Tracks review dates by risk class, refreshes the client file and drafts the updated risk score. Your compliance officer approves.
×
Financial servicesSee use case
Collect every document for the client file
Drafts every request and reminder, checks each document on arrival and tracks what is missing. Your client manager approves each message.
×