Covenant and Ratio Monitoring Agent
The Covenant and Ratio Monitoring Agent calculates DSCR, LLCR, gearing and reserve account requirements from operating reports and the financial model. It tests them against lock-up and default thresholds in your facility agreements and drafts the compliance certificate, so each test date is prepared early and backed by clear workings.
Ideal forCredit teams
The difference
From 6-8 hours per test date to 1-1.5 hours
Your finance team submits accurate compliance certificates on time and spends its effort managing headroom, not rebuilding calculations.
Done by hand
6-8 hours per test date
With the Vanine agent
1-1.5 hours
Time returned to your team
80%
Indicative figures. We measure your own baseline in the first fortnight so the numbers you see are yours.
Distributions without surprises
A missed lock-up test can hold back shareholder distributions for a period. The agent forecasts ratios ahead of test dates so you can act early.
Workings lenders accept
Each ratio is calculated exactly as the facility agreement defines it, with a clear trail from operating data to certificate.
Reserve accounts in order
Debt service and maintenance reserve account requirements are recalculated each period, so funding shortfalls are identified before they become defaults.
Capabilities
Test every covenant on time and never be surprised by a lock-up.
Built for project company CFOs and finance teams, sponsors, facility agents, lenders' portfolio teams and DFIs monitoring operational infrastructure and energy projects.
Covenant definitions library
Extracts covenant definitions, test dates, lock-up and default thresholds from the common terms and facility agreements into a structured library.
Ratio calculation
Calculates historic and forward-looking DSCR, LLCR and gearing from management accounts, ERP data and the updated financial model.
Reserve account testing
Recalculates debt service reserve and maintenance reserve requirements and compares them with balances from your bank statements.
Lock-up and default alerts
Tests each ratio against lock-up and default thresholds, and alerts the CFO when headroom narrows ahead of a test date.
Distribution conditions
Checks the distribution conditions in the facility agreement, including ratio tests, reserve funding and absence of default, before a distribution is proposed.
Compliance certificate drafting
Drafts the compliance certificate with supporting calculations in the agreed form, ready for review and signature.
How it works
From your systems to a result you sign off
The CFO reviews the workings and signs the compliance certificate, and the facility agent confirms the test result.
Connect the places your financial data already live.
Management accounts from your ERP, bank statement files, the financial model and facility agreements from SharePoint. Already use something else? We connect that too.
- OpenAI Frontier
- Your own AI platform or models
- Microsoft 365 (Teams, SharePoint, Outlook, Excel)
- Copilot Studio
- SAP, Sage, Syspro or Dynamics 365
- Bank statement files (MT940, CAMT.053, CSV)
- Excel operating and financial models
Runs on a schedule ahead of each test date, or on request in Teams, Copilot Studio, OpenAI Frontier or your own AI platform.
Ratio workings in Excel, headroom alerts and a draft compliance certificate for the CFO.
Step by step
- 01
The test date approaches and the agent starts on schedule.
- 02
It pulls operating results, bank balances and the updated model.
- 03
It calculates ratios and reserve requirements using the facility definitions.
- 04
It tests results against lock-up and default thresholds and flags narrow headroom.
- 05
It drafts the compliance certificate with workings.
- 06
The CFO reviews, signs and submits the certificate to the facility agent.
Deployment
Runs inside the tools your team already uses
The same agent and the same cited output, delivered three ways: through the AI assistant you have rolled out, on a model you host yourself, or inside your own software.
In the frontier assistant you already pay for
We publish the agent as an MCP server. Add it as a connector and your team calls it from the chat they use every day, with no new tool to learn.
"Calculate DSCR and LLCR for June"
- project
- Limpopo solar
- test_date
- 30 Jun 2026
On a model you host yourself
Run the agent on open-weight models in your data centre or private cloud. Your financial data never leave your network, which keeps POPIA and data residency straightforward.
- Llama
- Mistral
- Ollama
- or any OpenAI-compatible endpoint
Inside your own software
Trigger a run from your own workflows, and push the finished output into your ERP, GRC or reporting systems. We build the integration with your team.
- REST API
- Webhooks
- Batch jobs
- Embeddable review panel
Governed the same way, every route
Whichever way your team reaches the agent, identity, permissions and audit stay with your existing controls.
- Single sign-on through Entra ID, Okta or Google Workspace
- Reads only the documents each user is already allowed to open
- Every tool call written to an audit log you can export
How we deliver it
One agent, three ways to hold it
Start where your team already works, then take it as far into your systems as the value justifies.
DATA SECURITY & PRIVACY
Your financial data stay yours.
The agent runs inside your tenancy, reads only what each task needs, and never trains on your financial data. Every step is logged so your auditors can see exactly what it touched.
Built for regulated work.
+YOUR FINANCIAL DATA NEVER LEAVE YOUR ENVIRONMENT
More agents
More agents we build for South African enterprises
Each one is built on the same foundation: your documents, your rules, and your people signing off.
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