Incorporated since 2001, Covarity is the leading provider of commercial loan monitoring software solutions.
As a largely manual and unstructured task, loan monitoring is the single most costly and ineffective process in commercial lending. By automatically gathering, validating, and analyzing borrower data, the Covarity Dashboard allows lending institutions to reduce audit burden for management and reduce loan monitoring and administration effort by 70%. Most importantly, the Covarity Dashboard is the only solution available that creates visibility into portfolio risk. The Covarity Dashboard also allows financial institutions to improve the level of service they offer to their borrowers, by giving borrowers a convenient, secure way to electronically upload their financial information. The Covarity Dashboard also gives borrowers visibility into the same ratios and key business metrics their lenders use to evaluate loans.
News on Covarity
Kitchener's Covarity Inc. announced yesterday that it has received an additional $3 Million in venture capital funding from BDC Venture Capital, GrowthWorks, Tech Capital Partners, and VentureLink... more