Covarity is easily configured to meet the terms of your borrowing base or ABL credit agreements.
Covarity allows you to achieve a high ROI by eliminating data entry and automating the calculation of ineligibles. After representing the credit agreement in a one-time borrowing base configuration and then a one-time classification, uploaded receivables, payables, and inventory listings are automatically parsed and analyzed. You are presented with many summary and detail level borrowing base reports that can be viewed via the browser or downloaded in Excel format.
Any additional information can be entered by the borrower or yourself via a fully-configurable, web-based borrowing base certificate.
Highlights of the borrowing base module include:
- Calculate ineligibles automatically based on aging, cross-aging, concentration, contra accounts and more.
- Submit up to 10 listings per reporting period. Listings can be single or multi-currency.
- Specify related debtors and/or vendors to support automatic contra account and concentration calculations.
- Collect listings in multiple languages. Covarity natively supports listings in English, French or Italian.