CovenantIQ

CovenantIQ is a web app (with optional Excel add-in) that continuously monitors debt covenant compliance for SMBs and mid-market companies. It connects to your accounting system, pulls trial balance and key schedules, and calculates covenant ratios (leverage, fixed-charge coverage, liquidity, EBITDA add-backs) using lender-specific definitions. It flags breaches early, shows the exact driver (e.g., margin drop, working-capital swing), and generates a lender-ready compliance certificate package with supporting schedules. It also runs “what-if” scenarios (new hire, capex, inventory build, price change) to forecast covenant headroom 30/60/90 days out. This is a combination traditional + AI app: traditional for deterministic calculations and auditability, AI to map messy chart-of-accounts to covenant line items, extract definitions from credit agreements, and draft explanations for variances. The product is built for accuracy, traceability, and lender-facing documentation, not pretty dashboards.