Every advance checked before it funds.
Before an advance, CORA shows whether each borrower can fund today: the certificate, the covenants, the reporting and the availability, each checked, with any condition in the way named. Requests then route through your own approval tiers to named people.
A closer look.
At a glance
Exact availability
Availability is held to the cent, from a borrowing base recomputed from gross.
Covenants as of today
Covenants are tested at their dates, springing terms included, so readiness reflects where the deal stands.
Stale certificates caught
A certificate past its date shows as an open condition before anyone signs.
In detail
Know a request is ready before anyone signs.
Each funding request arrives with its conditions already checked, so your team reviews a decision rather than a checklist.
- Certificate and covenants checked
- Reporting and availability checked
- Any open condition named
Your tiers, your people.
Set the approval tiers your policy calls for and name the seat at each one. A request goes to the right person, and its signing sheet is ready when they are.
- Approval tiers set to your policy
- A named seat at each tier
- A signing sheet for each advance
Advances and paydowns on the record.
Once approved, each advance and paydown posts to the deal's record, so the balance your team sees is the balance that funded.
- Advances posted to the record
- Paydowns posted to the record
- Each approval with who and when
How lenders use it.
Check a borrower
See whether a borrower can fund today, with the certificate, covenants, reporting and availability each checked.
Catch a stale certificate
See a certificate past its date as an open condition, before anyone signs.
Name what blocks funding
See the one condition in the way of funding today, named on the borrower's status.
Questions.
What does CORA check before an advance?
The certificate, the covenants, the reporting and the availability. If any condition stands in the way of funding today, CORA names it.
Can the approval path match our credit policy?
Yes. You set the tiers your policy calls for, with a named person at each seat.
What if the borrowing base certificate is out of date?
It shows as an open condition on the request, so the approver sees it before signing.
How exact is the availability figure?
Exact to the cent, from a borrowing base recomputed from gross under the agreement's terms.
Who can approve an advance?
The people at the seats your tiers name, signed in with SSO and MFA. Each approval is recorded with who gave it and when.
Fund with the conditions in view.
See a funding request routed through approval tiers built to your policy.