Covarity Releases

Borrowing base and covenant monitoring are at the center of how your team uses Covarity. Version 19.0 strengthens both—with seasonal inventory limits for the borrowing base certificate (BBC), new covenant types, and refreshed financial statement and ratio workflows.

Highlights:

• Seasonal inventory limits for BBC calculations
• Step covenants and between-threshold covenant tests
• Refreshed financial statement entry (ratio or statement context)
• Smarter prior-period calculations when ratios change over time
• Risk ratings kept in sync through bulk data load integration
• Redesigned ratio administration with ratio templates

Spending too much time in Upload Assistance? Version 18.1 improves parsing so more documents process automatically, and refreshes the workflow for when assistance is needed.

Frequently requested features:

• Editable Adding Machine history
• Automated insurance expiration alerts
• In-context debtor/vendor combining
• Bank of Canada exchange rates
• Client Portal exchange rate visibility
• Processing date support for borrowing base rules

Highlights:

• Classification Workflow - Configure Required Classification
• Refreshed Loan Administration Pages
• Refreshed Combine Debtor/Vendor Pages