Company Logo Tuesday, June 12, 2007

Covarity announces the launch of the new Covarity Dashboard; its web-based commercial loan monitoring solution

Covarity Expands Commercial Loan Monitoring Functionality and Support- Enhances leadership position

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.


About Covarity Inc.
Incorporated since 2001, Covarity is the leading provider of commercial loan management software solutions. The Covarity Dashboard helps financial institutions attract new business by harnessing the internet to improve customer service, while reducing the risk and effort associated with capturing borrower financial statement data and monitoring commercial loans. Please see http://www.covarity.com for additional information.


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linkback: http://www.covarity.com/Articles/PressReleases/2007/20070612_001_Spring2007.aspx

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