Covenant Monitoring System

Holy Grail of Wholesale Lending

CovenantPlus is an automated Machine learning powered SAAS platform that provides in-depth understanding of covenant performance, delivers early warning signals of deteriorating covenant quality and generates advanced covenant analytics. Offered as a self-service model (SAAS offering) or customised based on Enterprise needs.

Automate Monitoring of Loan Compliances

CovenantPlus is an automated Machine learning powered software application that provides in-depth understanding of covenant performance, provides advanced covenant analytics and helps team in automating complete lifecycle of covenant monitoring of a Credit Facility. It is offered both as a SAAS model or as an Enterprise solution

Check how our work flow helps to break each Loan into different Monitoring buckets for a granular monitoring.

Upgrade your Credit Risk Governance Practices

  • Developed by credit experts replicating industry best practices
  • Covenants are modeled in accordance with loan documents
  • Independent validation of covenants from financial spreads
  • Advanced dashboards to facilitate credit decisions through easy-to-use data and trend structures
  • Covenant informatics and insights such as headroom and deviation analysis for early warning of deteriorating covenant quality
  • Email alerts on covenant triggers or breaches to defined user groups

Check Why you need this

Fast and No-code SaaS based Implementation

  • If your Team still relies on elaborate spreadsheets for monitoring Loan compliances, Covenant Plus is the go-to solution.
  • We help transform Legacy setups riddled with myriads of Loan transaction documents and migrate them to Digital Records in seconds using AI ML.
  • Covenant Plus can run independently de-coupled from your existing legacy Setup
  • Or can be embedded into your Existing Loan Management Systems with minimal Integration needs

How it is Different

The Covenant Management solution from Rigour leverages Machine learning (ML) and Natural Language Processing (NLP) techniques to interpret the financial and non-financial covenants in the contract. We help convert unstructured date like Termsheets into structured information. This data is re-inforced with Credit Facility governed Terms and Conditions like Covenant Testing cycles, Reminders, Testing Criteria etc in a System governed manner.

  • Reduce Op-ex on teams & increase throughput
  • In-built early warning triggers for improved credit decisions
  • Improve covenant monitoring and compliance reporting through process efficiency
  • Reduce regulatory compliance costs & Strengthen Credit Risk Governance

Key Features

Convert PDF Termsheet into Digital records using AI

Categorise into Different monitoring buckets

Inbuilt Clause library for Financial Covenants

Automatic Reminder Notifications

Automate new Termsheet creation using our In-built Playbook

Create future schedules for Covenant monitoring

Logically Test Financial Ratios

Manage all documents,audit logs at one place