Control and risks
Bank covenants
Loan contract terms under control before a breach.
A covenant is a loan contract term whose breach is costly. The product checks indicators regularly, warns when a threshold is approaching and highlights covenants that have never been checked: an unchecked one looks fine, although nothing is known about it.
Included in the “Business” edition and higherCompare editions
What is inside
- Covenants by contract with warning and breach thresholds
- Regular automatic checks
- A check that the warning threshold triggers before the breach
- Covenant overview for the group of companies
- Highlighting of covenants that have never been checked
- A notification to the owner when a threshold is approaching
Frequently asked questions
Where do the indicators for the check come from?
From the product’s reporting on the register. The benchmark is set according to the terms of the specific loan contract.
Can I see covenants of all group companies?
Yes. The group overview shows the covenant status of each company and those without data.
More in this section
See it on your own data
We will connect an export from your accounting system, set up the mapping and show how the feature works on real numbers.