Covarity Inc., a leading developer of financial services software solutions, today announced the launch of a new version of the Covarity Dashboard; its web-based commercial loan monitoring solution. The key benefits of the new release include the ability for lenders to have more flexibility in dealing with the specific requirements of their borrowing base. This increases the ability of the lender to increase their customer satisfaction while growing their commercial loan portfolio.

"Covarity is committed to continually helping financial institutions drive inefficiencies out of the commercial loan monitoring process while increasing their competitiveness in the marketplace," said Rod Foster, Chief Executive Officer of Covarity. "The latest release of the dashboard delivers on that commitment."

The Covarity Dashboard is a web-based service that allows borrowers to send their documents securely to their lender and view historical financial trends of their business.  It allows the lender to quickly and easily see the financial documents and analysis presented automatically on the secure site.  The new features of the Covarity  Dashboard include enhancements that extend the leading position on the borrowing base rules, streamline the workflow management process, enable simpler communications with borrowers online and broaden accounting package support.  These new features build upon the platform already being used by more than 20 financial institutions across Canada.