Balance Monitoring Requirements with Value-Added Services
More than ever, banks are seeking new ways of providing greater value to their clients as a means of ensuring client retention and to attract new and profitable business. Balancing the needs of commercial loan monitoring, while maintaining a service focus, can be a difficult proposition for lenders with clients that require frequent and rigorous loan review.
For banks with working-capital lending, Covarity offers turnkey solutions that make monitoring compliance as easy as possible for their clients. Borrowers can quickly and easily transmit their financial documents through a client portal (the Covarity Client Dashboard) that extends your corporate brand. Personalized communications can be automated for friendly reminders and notifications.
The Covarity Client Dashboard offers your borrowers sophisticated trend reporting, providing a wide range of analysis and insights into their financial performance. Through this secure portal, clients can also review their monitoring requirements, and for your asset-based loans, updated available credit details. With Covarity, information sharing with customers has never been easier.
Learn how Fidelity Bank leveraged Covarity to differentiate its service model and successfully grow its working capital portfolio.