CovenantIQ

CovenantIQ is a web app (with optional mobile alerts) that monitors a company’s loan covenants and liquidity risk using direct accounting connections and a simple covenant model builder. It pulls monthly/weekly financials, calculates covenant ratios, forecasts near-term headroom, and flags the exact drivers pushing you toward breach (AR aging, inventory buildup, margin compression, capex spikes). It also generates lender-ready reporting packs and a “breach playbook” with recommended actions (waiver request timing, cash conservation levers, covenant reset scenarios). This is a combination traditional + AI app: traditional for deterministic covenant math and auditability, AI for extracting covenant definitions from credit agreements, mapping them to chart-of-accounts, and drafting lender communications. It is not a magic predictor—its value is disciplined monitoring, early warning, and faster response when the numbers turn.