Binocs Auto Covenant Calculator is an advanced financial tool designed to automate the calculation and analysis of complex loan covenants. It enables users to upload financial and KPI documents to automatically capture reported covenants and calculate those derived from formulas. The system supports editing formulas, comparing covenant values against thresholds, portfolio averages, and industry averages, and provides AI-generated early warnings for potential covenant breaches. It also offers root cause analysis, breach tracking, and comprehensive portfolio health reporting, facilitating custom covenant analysis powered by an AI agent named LISA.

Key Features

Rich Library of Covenants A comprehensive collection of standard covenants with the ability to create custom ones.

• Track multiple covenant types
• Customize covenant parameters

Auto Capture and Calculation Automatically extracts reported covenants and computes calculated covenants based on formulas.

• Upload financials and KPIs for processing
• Edit formulas to fit specific needs

Comparison and Benchmarking Compare covenant results against predefined thresholds, portfolio averages, and industry averages.

• Benchmark portfolio health
• Identify deviations early

AI-Powered Early Warning Indicators Detects potential covenant breaches before they occur using AI anomaly detection.

• Early alerts on issues
• Predictive breach identification

AI-Generated Covenant Analysis Provides detailed analysis with backup data and root cause explanations.

• In-depth insights on covenant health
• Supports decision-making processes

Breach and Delay Tracking Automatically monitors breaches and delays in covenant reporting by portfolio companies.

• Real-time breach tracking
• Historical breach records

Portfolio-Level Covenant Analysis Aggregates covenant data for comprehensive portfolio health assessment.

• Downloadable reports
• Custom analysis via AI agent LISA

Benefits

Time and Error Reduction Automates complex calculations and data capture to minimize manual work and errors.

• Saves significant time in covenant management
• Reduces human errors in financial analysis

Improved Risk Management Early detection of covenant issues helps prevent financial risks and breaches.

• Proactive monitoring of portfolio health
• Enables timely corrective actions

Enhanced Financial Insights AI-driven analysis offers deeper understanding of covenant performance and root causes.

• Supports strategic decision-making
• Improves financial oversight

Customizable and Flexible Allows users to tailor covenant formulas and analyses to specific portfolio needs.

• Adaptable to various loan agreements
• Supports diverse financial structures