Covenant Monitoring by Ippon
Turn Manual Covenant Checks into a Continuous Compliance Engine.
Document intake & extraction
Amazon Textract pulls financial figures from borrower PDFs and Excel submissions in minutes. Handles 500+ documents per quarter with >90% straight-through accuracy - no analyst touch required.
Covenant ratio engine
Automated application of leverage, DSCR, liquidity, and coverage formulas to extracted financials. Covenant thresholds pulled directly from nCino - no manual spreadsheet entry, no calculation errors.
Exception identification & triage
AI flags breaches and near-breaches within one business day of document receipt. Severity-classified alerts routed to the right analyst with full supporting data attached.
Reporting & audit trail
Every calculation, exception, and resolution logged automatically in Snowflake. Regulator-ready audit trail built continuously - no quarterly reconstruction scramble before the exam.
Full platform PRD complete
Scope finalized: 5 financial covenant types, nCino + Snowflake + Salesforce + SilverLake integrations, 8-step lifecycle automation. Development sprint initiated.
nCino integration mapping complete
Covenant extraction layer maps loan agreement fields to calculation engine inputs. Salesforce alerting flow spec approved. SilverLake payment data ingestion scoped.
Document extraction POC - validated
Amazon Textract pipeline processes PDF financial statements with >90% straight-through accuracy on pilot borrower set. Bedrock NLP covenant clause parsing benchmarked.