Significant effort goes into underwriting and originating new credit exposures, but what happens after the exposure is put onto your books? How do you track compliance with individual covenants across your portfolio?
Balenz Compliance Monitoring also includes a tickler system to allow users to create reminder messages that can be sent to both internal and external persons when items are near or past their due date. Once the schedule for the items and ticklers is created, Balenz Compliance Monitoring automatically sends the messages to the appropriate persons on the dates scheduled.
Balenz Compliance Monitoring maintains an electronic repository of all source documents associated with covenants, including an audit trail of the events associated with documents and covenants.